News from FlightGlobal – Page 1472
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Qantas takeover reaches final hurdle
The A$11 billion ($9 billion) private equity takeover bid of Qantas Airways is poised to succeed, but a late change in the offer also means the airline will take on further debt.
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Problems mount at PIA
Pakistan International Airlines has fallen into serious trouble again as it struggles with huge cost increases and a ban on most of its aircraft.
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Jet revives deal to buy Air Sahara
The deal for India's Jet Airways to buy rival Air Sahara is back on, putting an end to a bitter legal battle between the owners of the two airlines.
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TUI and First Choice ready to merge
Europe's big four tour operators are set to become two, with TUI's tourism division and First Choice unveiling plans to merge just one month after Thomas Cook launched its takeover of MyTravel.
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Virgin America set to fly
Virgin America is on course to begin US flights in summer after enlisting new investors and government officials in a successful campaign to reverse federal rejection of its application to fly.
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Gol changes gear with New Varig buy
Brazilian low-cost carrier Gol plans to buy New Varig and convert it into a long-haul affiliate.
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Nigeria's Arik Air goes long-haul
Arik Air is planning to launch long-haul services later this year as part of an ambitious expansion plan that will make it Nigeria's largest carrier.
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Texas Pacific eyes Iberia
US private equity firm Texas Pacific Group has expressed interest in launching a takeover bid for Iberia.
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Labour challenges mount at US majors
As the finances of major US airlines continue to improve, their labour unions are becoming more vocal in their demands for payback.