Deutsche Lufthansa AG and International Airlines Group (IAG) have signed a binding agreement for the sale of British Midland Limited (bmi) to IAG. The price is £172.5m (approx. €207m) in cash for bmi. The price is subject to certain reductions. Both parties aim for a closing of the transaction by the end of the first quarter 2012.
Lufthansa sells British Midland for €207m to IAG Read More »
AWAS has entered into an agreement with IndiGo, India’s largest low cost airline, to purchase and leaseback four Airbus A320 passenger aircraft that the airline had previously ordered from the manufacturer. These aircraft will be delivered in the first half of 2012. AWAS has mandated KfW IPEX-Bank as arranger and sole lender to finance two
AWAS announces purchase and leaseback of four Airbus A320 aircraft to IndiGo Read More »
Thales and Safran today signed a Memorandum of Understanding to create an equally-owned joint venture for optronics (electro-optical) systems and equipment. Through this joint venture Thales and Safran will combine their respective areas of expertise in optronics, and expand their offering of products and services to cover emerging needs for new defence systems, including both
Safran and Thales sign optronics partnership agreement Read More »
Rolls-Royce Trent XWB and Trent 1000 engines will power 12 Airbus A350 XWB and eight Boeing 787 Dreamliner aircraft which are part of THAI’s fleet modernisation programme and will further improve the airline’s operational and environmental performance. THAI President Piyasvasti Amranand said: “Our decision to add theseextremely efficient Trent engines into our fleet demonstrates our
Rolls-Royce to power 20 new aircraft for Thai Airways Read More »
At an extraordinary shareholders meeting held in Santiago, Chile, LAN shareholders approved the merger of LAN with Sister Holdco S.A. and Holdco II S.A., two special purpose companies, created exclusively for purposes of this transaction, where shares of TAM S.A. will be held, directly or indirectly, prior to their consolidation into LAN. LAN will be
LAN shareholders approve merger with TAM by broad majority Read More »
Boeing and Evergreen International Airlines reported that the airline will introduce the 747-400 Boeing Converted Freighter to its fleet with delivery to Evergreen in 2012. The conversion will be the 50th 747-400 jetliner to be modified to a freighter configuration by Boeing, which provides overall management of the conversion, including engineering and materials. Boeing contracts
Boeing to Convert 747-400 to Freighter for Evergreen International Airlines Read More »
