Israel’s Nakash group has finally completed the acquisition of a 70% stake in Arkia Airlines. The deal was held up by a dispute over the level of compensation to be paid to employees who will be made redundant. The sale was ordered by the court on anti-trust grounds following the acquisition by parent company Knafaim-Arkia of flag-carrier EL AL in August 2004.
Source: Airline Business
The US Department of Justice (DOJ) is taking another 10 days to review Alaska Air Group’s proposed acquisition of Hawaiian Holdings, with the airlines now agreeing not to close their planned deal before the period ends on 15 August.
Air New Zealand has axed its interim climate targets, stating that measures needed to meet the target were unaffordable and not readily available.
Southwest Airlines will end its signature “open” seating model and offer premium seating options as it seeks new revenue sources to address concerns around the business’s performance.
