Air and Travel NEWS

France’s Safran acquires Rolls Royce’s 50% stake in helicopter engine venture for €293m

French aerospace, defence and security firm Safran SA (EPA:SAF) said Tuesday it had agreed to buy UK Rolls-Royce Holding PLC’s (LON:RR) 50% interest in the joint RTM322 helicopter engine programme for EUR293m (USD382m) in … Continue reading “France’s Safran acquires Rolls Royce’s 50% stake in helicopter engine venture for €293m”


City and Gatwick owner circles Hochtief’s airport assets

German construction group Hochtief AG (FRA:HOT) has received offers for the holdings in five airports it has put on sale, Reuters reported, quoting two people in the know. Fraport AG (ETR:FRA), which runs … Continue reading “City and Gatwick owner circles Hochtief’s airport assets”


Spain’s Abertis considers to sell UK airports in move to cut debt

Spanish mobility and telecom infrastructures manager Abertis Infraestructuras SA (MCE:ABE) is considering divesting its UK airports as one of the options under a strategic review aimed at cutting its EUR14.1bn (USD18.6bn) debt, a … Continue reading “Spain’s Abertis considers to sell UK airports in move to cut debt”


Flybe’s expansion plans negatively impacted by EC’s expected decision to block Ryanair-Aer Lingus deal

UK regional airline company Flybe Group Plc (LON:FLYB) said it is disappointed by the news that the European Commission (EC) will most certainly block Irish low-cost carrier Ryanair Holdings Plc’s (LON:RYA) planned buyout … Continue reading “Flybe’s expansion plans negatively impacted by EC’s expected decision to block Ryanair-Aer Lingus deal”


UK regional airline Flybe plans to acquire aircraft and routes from Ryanair

UK regional airline company Flybe Group Plc (LON:FLYB) said it had signed a deal under which it would acquire several aircraft and operating routes from Irish peer Ryanair Holdings Plc (LON:RYA), if the … Continue reading “UK regional airline Flybe plans to acquire aircraft and routes from Ryanair”


Blackstone invests in two Maldivian seaplane operators

US alternative asset manager The Blackstone Group LP (NYSE:BX) has become a controlling shareholder in Maldivian Air Taxi (MAT) and Trans Maldivian Airways (TMA). Blackstone did not say how much it had paid … Continue reading “Blackstone invests in two Maldivian seaplane operators”


Contactless payment introduced on London buses

Bus passengers in London can now use a contactless debit, credit or charge card to pay for their journey, Transport for London (TfL) announced today. To use contactless payment, passengers can touch their … Continue reading “Contactless payment introduced on London buses”


Etihad Airways takes over UK frequent flyer programme TopBonus

Etihad Airways PJSC, the national airline of the United Arab Emirates, plans to pursue an acquisition of UK’s TopBonus Ltd, the frequent flyer programme of Germany-based air carrier Air Berlin Plc (ETR:AB1), a … Continue reading “Etihad Airways takes over UK frequent flyer programme TopBonus”


Czech government in talks to sell flag carrier Ceske Aerolinie

The Czech government is holding early-stage discussions with Korean Air Lines Co Ltd (KRX:003490) and Qatar Airways about the sale of troubled flag carrier Ceske Aerolinie AS, known as Czech Airlines (CSA), prime minister … Continue reading “Czech government in talks to sell flag carrier Ceske Aerolinie”


Singapore Airlines in talks with potential buyers of Virgin Atlantic stake

Singapore Airlines Ltd (SGX:C6L) announced today it was negotiating with interested parties a potential sale of its 49% stake in UK airline Virgin Atlantic Limited. The Singaporean company did not unveil the names … Continue reading “Singapore Airlines in talks with potential buyers of Virgin Atlantic stake”


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