Etihad in final phase of talks with Alitalia over possible investment
Etihad Airways and Alitalia are in the final phase of a due diligence process that may see an investment by the Gulf carrier, both have said in a joint statement. Etihad has been planning an investment...
View ArticleANA clips Asia Wings investment
ANA Holdings, the parent company of All Nippon Airways (ANA), has announced it is withdrawing from an equity investment in Asia Wings Airways (AWA).ANA had originally decided to invest $25m in the...
View ArticleSR Technics invests in Armac
Swiss MRO firm SR Technics is to invest an undisclosed sum in Armac Systems, a provider of inventory management software. The deal is set to bring the two companies into a “close strategic partnership”...
View ArticleVirgin America set for $320m IPO
Virgin America will offer 13.3 million shares at $21–$24 a share when it goes public. Details of the carrier’s IPO were published on Monday (November 3) alongside its Q3 results, which revealed that...
View ArticleStandardAero to expand Winnipeg facility
US-based MRO StandardAero has confirmed a multi-million dollar investment to expand its Winnipeg, Canada facility.The investment will bring additional stripping and plating processes for a range of...
View ArticleANA steps in to save Skymark
Japan’s All Nippon Airways (ANA) has joined forces with investment fund Integral in a bid to save its bankrupt rival Skymark Airlines. ANA’s parent company is to buy a 19.9 per cent stake in the...
View ArticleAirlines to invest in IoT
Major airlines are already allocating budget to invest in technology that will enable them to leverage the Internet of Things (IoT) to improve their business, according to SITA.In its latest annual...
View ArticleDelta increases equity stake in GOL
Delta Air Lines has increased its equity stake in struggling Brazilian low-cost carrier GOL by purchasing stock up to $56m in shares.As part of the agreement, GOL's controlling shareholder, the...
View ArticleUS lobby group publishes Etihad accounts
Etihad last year received $2.5bn in equity investment and loans from Abu Dhabi’s government, according to financial statements filed in Hong Kong and seen by the Wall Street Journal.The documents were...
View ArticleRolls-Royce to invest $600m in Indianapolis facilities
Rolls-Royce has confirmed plans to invest $600m into modernising its manufacturing and assembly facilities in Indianapolis.Marking the largest investment the OEM has made in the US for 20 years,...
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