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Tag: mergers

Global tourism & leisure industry deals total $3.8 billion in February 2020

Chief Assignment Editor Chief Assignment Editor- April 7, 2020 18:47

Total tourism & leisure industry M&A (mergers & acquisitions) deals in February 2020 worth $3.8 billion were announced globally. The value marked an increase of 12.4% over the previous month ... Read More

Meetings and hospitality dealing with profound changes, from mergers to demographics

editor editor- June 11, 2019 01:31

“Over 5,000 associations are headquartered in the Greater DC area. They are a significant segment of the meetings industry, making major contributions to the American economy and to its political, ... Read More

Airbus announces senior leadership changes

Chief Assignment Editor Chief Assignment Editor- May 15, 2019 20:18

Airbus SE has appointed Antoine Bouvier, 59, Head of Strategy, Mergers & Acquisitions and Public Affairs, effective 1 June 2019. In this position, he will report to Guillaume Faury, Chief ... Read More

Bombardier appoints new Senior VP, General Counsel and Corporate Secretary

Chief Assignment Editor Chief Assignment Editor- March 15, 2019 00:27

Bombardier today announced the appointment of Steeve Robitaille as Senior Vice President, General Counsel and Corporate Secretary, Bombardier Inc., effective May 1, 2019. Mr. Robitaille will succeed Daniel Desjardins who ... Read More

Chorus Aviation announces executive realignment

Chief Assignment Editor Chief Assignment Editor- March 11, 2019 16:05

Chorus Aviation Inc. announced today executive appointments to support its growth and diversification strategies. These appointments provide the expertise and focus required to further strengthen Chorus and build on the ... Read More

Airbus reports strong Full-Year 2018 results, delivers on guidance

Dmytro Makarov Dmytro Makarov- February 14, 2019 07:02

Strong 2018 performance, guidance delivered Revenues € 64 billion; EBIT Adjusted € 5.8 billion; Free Cash Flow Before M&A and Customer Financing € 2.9 billion EBIT (reported) € 5.0 billion; ... Read More

Czech Airlines Technics welcomes new Board of Directors member

Chief Assignment Editor Chief Assignment Editor- February 7, 2019 21:05

Czech Airlines Technics (CSAT), a daughter company of Prague Airport, which provides aircraft repair and maintenance services, has appointed a new member to its Board of Directors. Effective Monday, 21 ... Read More

Opportunity for tourism investors

editor editor- December 20, 2018 21:22

The very first luxury travel enterprise in Vietnam is going to IPO. Read More

Power of People proves popular for upcoming BestCities Global Forum in Bogota

editor editor- December 3, 2018 14:08

Leaders will hold talks, workshops, and programs while also learning about the region and culture of Latin America at the BestCities Global Forum to be held in Bogota. Read More

Lufthansa: Increase in international airline mergers inevitable

editor editor- August 26, 2010 04:44

Deutsche Lufthansa AG, the German airline that acquired three European carriers last year, said industry mergers combining partners from different parts of the world will rise as companies seek higher Read More

Airline mantra: Merge, fail, repeat

editor editor- April 28, 2010 07:50

Albert Einstein once defined insanity as “doing the same thing over and over again and expecting different results.” Read More

Richard Anderson: Completing airline merger has become harder

editor editor- April 21, 2010 03:40

ATLANTA - Delta CEO Richard Anderson said it has become harder to complete an airline merger. Read More

Flight attendants are pressing DOT to ensure American jobs are protected

editor editor- July 3, 2009 05:12

Flight attendants, represented by the Association of Flight Attendants-CWA, AFL-CIO (AFA-CWA) at United Airlines, are pressing the DOT to ensure American jobs are protected when considering the anti-t Read More

US Air CEO: Mergers needed in recession

editor editor- March 25, 2009 05:10

The recession, which has eroded travel demand and punished U.S. Read More

Mergers, fuel surcharges, open skies agreements – debate the future of flying

editor editor- October 3, 2008 01:48

The airline industry continues to generate headline news; the 2008 World Travel Market Airline Program will explore the burning issues in a series of thought-provoking seminar sessions. Read More

World airlines face harsh reality: consolidate or perish

editor editor- September 15, 2008 03:52

Air New Qantas? Singapore Virgin? Air Tiger X? The idea of super carriers ruling the skies has been talked about almost as long as airlines have been around. Read More

Why airline mergers don’t fly

editor editor- June 5, 2008 02:30

Throughout the current debate about the future of the airline industry there has been one constant refrain: the airlines must cut capacity. Some analysts say the industry needs to cut ... Read More

Do airline deals favor Boeing or Airbus?

editor editor- May 14, 2008 03:03

Among the assets US Airways would bring to a merger is one that its potential partner totally lacks - an aircraft order. If United were to merge with US Airways, ... Read More

Pilot seniority takes a long time to work out

editor editor- March 5, 2008 04:37

TEMPE, Ariz. — Few, if any, CEOs have been bigger boosters of airline consolidation than US Airways chief Doug Parker. But Parker wonders if Delta Air Lines and Northwest Airlines ... Read More

Pilots’ battles over seniority play havoc with airline mergers

editor editor- February 28, 2008 05:52

Merger talks between Delta Air Lines and Northwest Airlines have been held up for a couple of weeks while pilots at each carrier discuss how to combine their union seniority ... Read More

Machinists union says it will oppose mergers

editor editor- February 26, 2008 03:45

NEW YORK - The union that represents baggage handlers and ticket agents at Northwest and other airlines says it will oppose any merger. The International Association of Machinists says airline ... Read More

Airline changes may cut choices

editor editor- February 20, 2008 03:44

Boston area air travelers could be in for some turbulence if the airline industry experiences a wave of consolidations, which appears inevitable. Delta and Northwest airlines - both of which ... Read More

What China can learn from U.S. airline consolidation

editor editor- February 19, 2008 04:54

The normally astute (and often erudite) BusinessWeek falters a tad in analyzing the value of the coming wave of airline mergers in the United States. Read More

Priceline, Orbitz wary of airline M&A

editor editor- February 13, 2008 06:04

LOS ANGELES (Reuters) - Online travel agents could feel the pinch from airline consolidation, as deals combining the largest U.S. carriers would shift the balance of power in the ticket-selling ... Read More

JetBlue would gain from airline mergers, CEO says

editor editor- February 12, 2008 05:21

JetBlue Airways Corp. chief executive officer Dave Barger said airline mergers would benefit JetBlue and other U.S. carriers by limiting capacity. "Consolidation would be very good for the industry," Barger ... Read More

A Wave of matchups on deck for airlines?

editor editor- February 10, 2008 08:51

The Delta-Northwest combination inching toward completion would create a new world leader, leapfrogging American Airlines and the Air France-KLM tandem in passenger traffic, but would also likely trigger a chain ... Read More

House panel chairman vows to fight airline mergers, hold hearings

editor editor- January 30, 2008 04:07

The Democratic chairman of a key House committee pledged a vigorous effort to slow or stop, if possible, a proposed merger between Delta Air Lines Inc. (DAL) and rival carriers ... Read More

Airline execs eye consolidation

editor editor- January 27, 2008 11:06

PHOENIX — As U.S. airlines pressure each other with low fares, executives are keeping an eye on consolidation efforts as the one sure way to squeeze profits out of an ... Read More

Honeymoon is over for new Delta CEO Anderson

editor editor- January 27, 2008 05:32

Many newly minted CEOs enjoy a brief honeymoon with their companies — a laid-back chance to kick the tires and look things over before really taking the wheel. Not Delta ... Read More

Airline mergers are for suckers

editor editor- January 18, 2008 04:40

The theory at places like Delta is that airline mergers build stronger companies more likely to weather economic downturns. That does not take into account that a combination with a ... Read More

Mergers benefit airlines; shame about the fliers

editor editor- January 16, 2008 04:09

Some corporate mergers have little effect on customers. But when big airlines merge, it changes life for travelers, leading to higher ticket prices, poorer service and maybe even a switch ... Read More