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NEW DELHI, India - After 16 years, the government is set to again allow foreign airlines to take stakes in Indian carriers later this week.
LOS ANGELES -- Mercury Air Group, Inc., a worldwide aviation services company specializing in jet fuel, air cargo and U.S.
According to the reports from Nairobi, Kenyan parliament has slashed the budget estimate for the government retaining its significant 23% stake in Kenya Airways (KQ), passing only 2.5 billion of 5.5 b
The airlines, which are both members of the powerful SkyTeam alliance, have appointed Goldman Sachs to advise them on a potential approach.
FRANKFURT — German tourim group TUI said on Monday that Russian steel magnate Alexei Mordashov has raised his stake in the firm to 20.a45 percent because he is convinced of the group's growth potent
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.
The government of Montenegro has announced that it will sell a 30% stake in Montenegro Airlines.
Cumbria could lose out to Scotland, Wales and Ireland in terms of future visitor numbers, the county's tourism chief has warned.
Emirates, the biggest airline by international traffic, said it has no plan to acquire a stake in AMR Corp., denying speculation of a linkup with the parent of American Airlines.
HONG KONG - Cathay Pacific Airways Ltd.
NEW DELHI — Indian media baron Kalanithi Maran made an open offer to shareholders of SpiceJet Ltd.
Aer Lingus has accused arch-rival Ryanair of deterring the likes of British Airways from taking a stake in the business because of Ryanair's "poison-pill" shareholding in Ireland's national airline.
Air China Ltd. will spend HK$6.3 billion ($813 million) to raise its stake in Cathay Pacific Airways Ltd. to 29.99 percent, expanding its presence in Hong Kong after being shut out of Shanghai.
Austrian Airlines Group is most likely to seek links with a major partner, and the government may sell its entire stake to help the process, Finance Minister Wilhelm Molterer said. The stock fell the most in 6 1/2 weeks.