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.
Thomas Cook Group plc will merge its stake in Condor Flugdienst GmbH with Air Berlin PLC. Air Berlin therewith becomes one of the leading European airlines and will with Condor be able to enlarge its long-distance flight business, which it runs since the acquisition of LTU.
British Airways in the summer of 2008 will expand its flight services between London’s Heathrow Airport and various U.S. cities, though the carrier is temporarily suspending routes between Heathrow and Detroit, with the aircraft being used on other more lucrative routes.