Grupo Mexicana has submitted a takeover bid for Consorcio Aeromexico. At a press conference, the group’s stockholders, board members and CEO said that the bid is for at least 51 percent and possibly as much as 100 percent of the shares of Aeromexico.
British Airways has placed an order for a dozen Airbus A380 and two dozen Boeing 787 aircraft with options for a further seven Airbus A380s and18 Boeing 787s. Both aircraft types will be powered by Rolls-Royce engines.
Air France KLM will only consider making a bid for Spain’s Iberia or Italy’s Alitalia if the deal meets its target of an 8.5 percent return on capital after tax by 2009-2010, an airline executive said on Friday.
Gonzalo Pascual, chairman of SAS-owned carrier Spanair, quit his post on Thursday and launched a takeover bid for the airline, Spanair said. Mr. Pascual said in June he would make an offer for Spanair after SAS announced it planned to divest the carrier as part of a major restructuring and cost overhaul.
Delta airlines today announced 14 new international routes from New York’s Kennedy Airport, including nine destinations not currently provided by any other major U.S. carrier from Kennedy.
Cayman Airways is opening a UK office to serve the UK and Europe with the appointment of Lynne Morris of LCM Communications as Regional Manager Europe.
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