Directors favouring Brazilian flag carrier Varig's integration with TAM now hold all key posts at the Ruben Berta Foundation, which owns 87.5% of Varig's shares. The Foundation rejected a rescue proposed by allies of Yutaka Imagawa, former Foundation chairman, who solicited European investors to block the merger.
Source: Airline Business
The Star Alliance carrier plans to reach C$30 billion in annual revenue in four years and to exceed that figure by decade’s end.
Canada’s Transat AT reports a profitable fiscal fourth-quarter boosted by a C$34 million ($25 million) compensation agreement with geared turbofan (GTF) engine maker Pratt & Whitney.
Air Canada is set to become the latest North American airline to offer free wi-fi access to passengers, disclosing on 12 December plans to begin rolling out the service in May.
