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Ukrainian government to sell its stake in national flag carrier

KIEV - The government of Ukraine announced that it will sell its stake in Ukraine International Airlines (UIA) by the end of the year. The government owns 61.58% stake in the country's flag carrier.

SAS dumps its stake in regional airline Skyways

Scandinavian airline SAS on Monday sold its remaining 19.9 percent stake in regional airline Skyways for a capital loss of about 40 million crowns ($5.54 million).

CSA to sell 5 planes, duty free unit to generate cash

PRAGUE - The board of the troubled Czech national carrier CSA has approved a plan to sell five planes and other assets in efforts to generate cash.

Brazilian airline GOL to sell at least 51.8 million shares

SAO PAULO - Brazilian no-frills airline GOL Linhas Aereas Inteligentes SA (GOL) will continue to correct weaknesses in its cash position with a large global share issue next month.

Ambassadors International to sell principal non-Windstar assets and become a “cruise...

NEWPORT BEACH, CA - Ambassadors International, Inc. announced the engagement of Stephens Inc.

Travel agent charged with selling bogus airline tickets

A West Kendall woman who operates a Sweetwater travel agency is in jail after she allegedly bilked at least a half-dozen customers of thousands of dollars in bogus plane tickets to Nicaragua, police s

Malawi says to sell 49 pct of airline to Comair

LILONGWE - Malawi has agreed to sell 49 percent of the national airline to South Africa's Comair, Deputy Transport Minister Roy Commsy said on Wednesday.

Mesa Air aims to cash out of China venture

Mesa Air Group disclosed Tuesday that it hopes to cash out of its highly touted China venture, the latest evidence of its struggle to stay afloat.

Alliance sells half of tourism unit to HK firm

Alliance Global Group Inc. announced Monday that it has agreed to sell half of its tourism arm, Travellers International Hotel Group Inc., to Hong Kong-listed Star Cruises Ltd. for $335 million.

Should JetBlue Sell Itself?

Which will be the better business decision for JetBlue Airways: selling pillows and blankets for $7, or selling itself to a competitor like Southwest Airlines?

Batavia Air founder may sell family-owned business if buyer is right

Batavia Air may be put up for sale by its founder, Yudiawan Tansari, as he plans to take a backseat from his illustrious career in the air travel industry, his daughter Alice Tansari told mergermarket

Airline to sell snacks on domestic flights

CHICAGO - Chicago-based United Airlines has announced it will sell chips, cookies, candy and trail mix on its flights for $3 apiece.

Transplant tourist sees one way out

If all goes as planned, Ibrahim El-Sheikh will farewell his wife and two toddlers in the thick of winter, then board a flight to Lahore in Pakistan. There, the Canberra house painter will be escorted by an unknown middleman from the arrivals hall at the airport to the Aadil Hospital, where he will hand over $27,000 in cash for a kidney he hopes will save his life.

Pakistan’s national airline to sell planes due to fuel, maintenance costs

KARACHI, Pakistan - Pakistan's state airline says it plans to sell eight of its Boeing 747 airliners because of rising fuel and maintenance costs. Pakistan International Airlines spokesman Chaudhry Mohammad Bashir said Thursday the eight planes were taken out of service a few days ago. Bashir said the airline has bought nine 777 airliners to replace the craft because they consume less fuel.
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