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As joint ventures go, it's a whopper. And as developments in the global airline industry go, it's pretty consequential too.On Wednesday Air France-KLM and Delta Air Lines Inc. (NYSE:DAL) said they had completed their long-anticipated deal to combine operations over the North Atlantic. The deal involves sharing costs and revenues...
Posted on May 21, 2009 8:40 AM
Plans to rescue Alitalia-Linee Aeree Italiane SpA teetered on the verge of collapse Friday when an Italian investment consortium abandoned talks with unions after failing to reach an agreement on restructuring the airline ahead of a Thursday deadline. As The Deal's Paul Whitfield reports, the government responded by extending...
Posted on September 12, 2008 8:59 AM
Being an airline passenger is no fun anymore. But at least it's easier than doing the deals that strategists think are needed to put the industry on a sounder financial footing. Our latest case in point comes from Europe where, as this article in The Deal explains, Air France-KLM has...
Posted on January 14, 2008 3:56 PM
Midwest Air Group CEO Timothy E. Hoeksema deflected aggressor AirTran at every turn, instead accepting a bid from buyout firm TPG and Northwest Airlines. In the end, though, his company may still find itself owned by another airline.
Posted on December 15, 2007 12:22 PM
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