Wednesday, October 24, 2012

Canada Approves Air Canada/United Continental Joint Venture

The Canadian Competition Bureau has reached an agreement with Air Canada and United Continental to allow the two carriers to proceed with a joint venture, first announced in 2010, on 14 routes between the two countries. The agreement bars the airlines from coordinating on prices, seat availability, pooling revenue or costs, and sharing commercially sensitive information.

October 24, 2012 | Permalink | Comments (0) | TrackBack (0)

Tuesday, October 23, 2012

HNA Acquires Stake in French Carrier

HNA Group, the Chinese conglomerate that owns Hainan Airlines, has reached an agreement to purchase a 48% interest in French carrier Aigle Azur.

October 23, 2012 | Permalink | Comments (0) | TrackBack (0)

Monday, October 22, 2012

Greek Carriers Give Combination Another Try

Aegean Airlines reportedly plans to purchase Olympic Air and operate Greece's former state carrier as a subsidiary. Those plans will be contingent upon approval from the European Commission, which blocked a proposed merger between the two Greek carriers in early 2011. 

October 22, 2012 | Permalink | Comments (0) | TrackBack (0)