Tag: mergers
Global tourism & leisure industry deals total $3.8 billion in February 2020
Chief Assignment Editor- April 7, 2020 18:47Total 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- 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- May 15, 2019 20:18Airbus 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- March 15, 2019 00:27Bombardier 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- March 11, 2019 16:05Chorus 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- February 14, 2019 07:02Strong 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- February 7, 2019 21:05Czech 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- December 20, 2018 21:22The 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- December 3, 2018 14:08Leaders 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- August 26, 2010 04:44Deutsche 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
Passengers still annoyed with airlines
editor- July 15, 2010 02:13WASHINGTON - Once again, it's open season on airlines. Read More
Would playing instant catch-up be wise for American Airlines?
editor- May 10, 2010 06:57In 2008, American Airlines was the largest airline in the U.S. Read More
Airline mantra: Merge, fail, repeat
editor- April 28, 2010 07:50Albert 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- April 21, 2010 03:40ATLANTA - 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- July 3, 2009 05:12Flight 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- March 25, 2009 05:10The recession, which has eroded travel demand and punished U.S. Read More
Mergers, fuel surcharges, open skies agreements – debate the future of flying
editor- October 3, 2008 01:48The 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- September 15, 2008 03:52Air 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- June 5, 2008 02:30Throughout 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- May 14, 2008 03:03Among 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- March 5, 2008 04:37TEMPE, 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- February 28, 2008 05:52Merger 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- February 26, 2008 03:45NEW 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- February 20, 2008 03:44Boston 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- February 19, 2008 04:54The 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- February 13, 2008 06:04LOS 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- February 12, 2008 05:21JetBlue 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- February 10, 2008 08:51The 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- January 30, 2008 04:07The 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- January 27, 2008 11:06PHOENIX — 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- January 27, 2008 05:32Many 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- January 18, 2008 04:40The 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- January 16, 2008 04:09Some 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