Air and Travel NEWS

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”


Finnish government considers privatisation of infrastructure group Destia

The Finnish government is considering selling a stake in its loss-making infrastructure company Destia Ltd, international development minister, Heidi Hautala, told the country’s parliament. She did not specify the size of the stake … Continue reading “Finnish government considers privatisation of infrastructure group Destia”


Study looks at dangers of airport secondhand smoke

Average air pollution levels from secondhand smoke directly outside designated smoking areas in airports are five times higher than levels in smoke-free airports, according to a study by the US-based Centers for Disease Control and Prevention. … Continue reading “Study looks at dangers of airport secondhand smoke”


Qatar Airways to dispose of Cargolux stake as strategy talks ground to halt

Qatar Airways has decided to dispose of its 35% in Luxembourg-based Cargolux Airlines International SA, after it could not reach an agreement with the cargo carrier’s shareholders in Luxembourg on the future strategy … Continue reading “Qatar Airways to dispose of Cargolux stake as strategy talks ground to halt”


UK transport group Stagecoach acquires Manchester operator Bluebird

British bus and rail public transportation provider Stagecoach Group Plc (LON:SGC) said today it will acquire the north Manchester bus activities of private operator Bluebird for GBP2m (USD3.2m/EUR2.5m). The deal was signed and … Continue reading “UK transport group Stagecoach acquires Manchester operator Bluebird”


Copenhagen Airport to sell 49% in Newcastle Airport operator NIAL

Danish airports operator Copenhagen Airports A/S (CPH:KBHL), also known as Koebenhavns Lufthavne A/S, said it had reached an agreement to offload its 49% stake in British NIAL Group Ltd, the parent of Newcastle … Continue reading “Copenhagen Airport to sell 49% in Newcastle Airport operator NIAL”


TPG Capital enters race for London Stansted airport — report

US private equity major TPG Capital LP has entered the bidding race for Stansted, the London airport owned by BAA Airports Limited, the Financial Times reported citing sources familiar with the talks. TPG … Continue reading “TPG Capital enters race for London Stansted airport — report”


Sponsors 3i, Allianz seek buyers for ferry operator Scandlines

British private equity firm 3i Group Plc (LON:III) and German peer Allianz Capital Partners GmbH have chosen Goldman Sachs Group Inc (NYSE:GS) and ING Groep NV (AMS:INGA) as advisors on a potential offload … Continue reading “Sponsors 3i, Allianz seek buyers for ferry operator Scandlines”


Foreign visits to UK down in August despite Olympics

The number of visits to the UK by overseas residents was 5% lower in August, despite London hosting this year’s Olympic Games, figures showed today. The Office for National Statistics (ONS) reported that … Continue reading “Foreign visits to UK down in August despite Olympics”


Sponsor Carlyle secures a deal to acquire Landmark Aviation

US private equity firm Carlyle Group LP (NASDAQ:CL) has revealed a deal to buy Texas-based business aviation services provider Landmark Aviation from investors GTCR LLC and Platform Partners LLC. Carlyle did not disclose … Continue reading “Sponsor Carlyle secures a deal to acquire Landmark Aviation”


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