The SAS Group has purchased Maersk Air's 49% stake in flag-carrier Estonian Air, and may later acquire the 17% share in the airline held by Estonian investment bank Cresco. The purchase, which totalled SKr180 million ($23 million), strengthens SAS Scandinavian Airlines' position in the Baltic region. Estonian Air was formed in 1991 and privatised in 1996. The government holds a 34% in its national carrier.
Source: Airline Business
Japan’s two largest carriers reported a drop in profit for the April-June quarter, despite seeing an increase in revenues.
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.
