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Virgin Australia sells 13% stake to China's HNA Aviation Group

Edit China Daily 31 May 2016
CANBERRA - Virgin Australia, Australia's second-largest airline, announced on Tuesday a 13 percent share of its company has been sold to Chinese firm HNA Aviation Group, in an attempt to force its way into the growing Chinese travel market. The deal, initially worth up to $115 million, will include a clause to increase HNA's share in the airline to ......

Virgin Australia sells 13 pct stake to China's HNA Aviation Group

Edit Xinhua 31 May 2016
CANBERRA, May 31 (Xinhua) -- Virgin Australia, Australia's second-largest airline, announced on Tuesday a 13-percent share of its company has been sold to Chinese firm HNA Aviation Group, in an attempt to force its way into the growing Chinese travel market ... dollars, will include a clause to increase HNA's share in the airline to 19.99 percent over ......

Some airlines don't think Venezuela is worth the trip

Edit Atlanta Journal 31 May 2016
Two major airlines announced they're suspending service to the country. On Monday, the largest Latin American carrier — LATAM Airlines — said it will stop flying to Venezuela’s capital by August. German airline Lufthansa also plans to suspend its tri-weekly flights to the country....

Australian airlines among the world's most efficient (University of Sydney)

Edit Public Technologies 31 May 2016
Australia's major airlines are amongst the most efficient in the world and well positioned to manage fluctuations in the market and volatile oil prices, according to researchers at the University of Sydney Business School's internationally respected Institute of Transport and Logistics Studies (ITLS) ... Original documenthttp.//sydney.edu.au/news-opinion/news/2016/05/31/australian-airlines-among-the-world-s-most-efficient.html....

Virgin finds new partner after Air New Zealand divorce

Edit Sydney Morning Herald 31 May 2016
Just when the aviation industry was watching for Virgin Australia boss John Borghetti to fall on his sword the tenacious operator has found himself a new ally, a fresh airline partner and a $159 million wad of cash. Borghetti's  deal with China's biggest airline group, HNA has, at the same time, poked his existing partner-turned nemesis, Air New Zealand, in the eye....

Virgin Australia finds new love as it goes through messy Air New Zealand divorce

Edit Sydney Morning Herald 31 May 2016
Just when the aviation industry was watching for Virgin Australia boss John Borghetti to fall on his sword the tenacious operator has found himself a new ally, a fresh airline partner and a $159 million wad of cash. Borghetti's  deal with China's biggest airline group, HNA has, at the same time, poked his existing partner-turned nemesis, Air New Zealand, in the eye....

BOC Aviation's $1.1b IPO rides sector boom

Edit China Daily 31 May 2016
Airlines acquire more planes to carry passengers from new economies. The skies above Asia are set to get more crowded during the next 20 years, as airlines acquire more planes to fly increasing numbers of passengers from developing economies ... As airlines serving the Asia-Pacific region move to triple their fleet, they're finding it can be cheaper to lease jets instead of buying them from Boeing Co or Airbus Group SE....

Cruising amidst constant turbulence

Edit The Jakarta Post 31 May 2016
Lion Air’s biggest problem, however, are flight delays, a problem also shared by other airlines ... Airline industry is an extremely price-elastic industry as all airlines offer the same service of getting passengers from point A to point B by means of air travel ... It is also worth noting that Lion Air is running a profitable operation, while many other airlines are struggling ... Lion Air is a low-cost airline....

Virgin Australia enters agreement with China's HNA Aviation Group

Edit Sydney Morning Herald 31 May 2016
Virgin Australia will team up with China's largest private airlines operator in a deal it says will help it capitalise on the growing Chinese travel market.  ... The review was launched on the back of growing concerns about the airline's financial position.  ... Etihad owns 25.1 per cent of Virgin Australia, Singapore Airlines owns 22.2 per cent and Richard Branson's Virgin Group owns about 10 per cent. ....

Virgin Australia sells stake to China's HNA Aviation Group

Edit Sydney Morning Herald 31 May 2016
China's largest private airline operator will buy a 13 per cent of Virgin Australia in a deal the Australian airline says will help it capitalise on the growing Chinese travel market.  ... HNA company controls Hainan, China's fourth largest airline and flies over 77 million passenger a year on 700 routes between 200 destinations within China and abroad. ....

New Moscow Airport Opens Despite Downturn In Traffic

Edit Radio Free Europe 31 May 2016
The airport will run around 20 flights per week by two passenger airlines from ex-Soviet Central Asia -- Air Kyrgyzstan and SCAT Airlines from Kazakhstan. The Kyrgyz airline's first flight will depart the airport on June 20. It will also house two Russian freight carriers. Sky Gates Airlines and an Aviastar-TU ... The recession last year pushed the country's second largest airline Transaero into bankruptcy ...  . ....

China’s HNA to Buy 13% of Virgin Australia, Plans to Lift Stake

Edit Bloomberg 31 May 2016
as the Australian airline carries out a capital review ... Virgin Australia is almost equally owned by Air New Zealand, Etihad Airways PJSC and Singapore Airlines Ltd....

Indian air traffic growth stays best globally as number of flights rise

Edit DNA India 31 May 2016
-->. The domestic air passsenger traffic grew 21.8% in April, the straight 20th month of double-digit growth, even as international growth faltered on terrorist attack in Brussels ... According to the analysts, the airline stocks are hit after every such major attack. Soon after the Brussels attack, the stocks of major European airlines including Air France-KLM, Turkish Airlines and Norwegian airlines tumbled ... Shahkar Abidi. ....
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