Australia's Takeovers Panel has reversed its ban and allowed the battle to resume over control of Western Australia's Skywest Airlines. The government watchdog had blocked a hostile takeover bid by a Singapore investor group because of insider leaks. It has lifted the ban on condition that the Singapore group disclose all its inside information to other shareholders.
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.
