Good week

EasyJet Boeing 757-200
 © SilverWingPix/AirTeamImages.com
EASYJET The budget carrier will be able to retain its branding, after agreeing a revision of the licence at the heart of its bitter legal dispute with shareholder and brand owner EasyGroup. The deal also saw EasyGroup's Stelios Haji-Ioannou, the airline's founder, surrender the right to appoint himself chairman and ended EasyGroup's right to representation on the carrier's board. EasyJet will pay royalties, amounting to 0.25% of its revenues, for the brand rights.

 

Bad week

Mexicana A320
 © Mexicana
MEXICANA Liquidation looms for the bankrupt airline with Mexican investment bank IXE's announcement that it is "no longer interested" in leading a takeover. The last publicly known potential saviour says it failed to attract investors to refloat the carrier. The Mexican government may try to convince unions to make concessions over Mexicana's $600 million debt to its workers, but adds that liquidation is imminent without new capital investment.

 

 

Source: Flight International

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