Hungary national airline sold off
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Hungary's debt-ridden national airline Malev is privatised.
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(InfoWorld) - An online auction of tickets for the first commercial A380 flight is nearing an end, with one bidder spending S$153,000 (US$101,514) for a first-class seat on the Singapore AirlinesÂ flight. WhenÂ the A380 takes to the skies next month, it will become the largest airliner in commercial use. Built by Airbus Industries, the aircraft will hold around 555 passengers in a typical configuration. However, Singapore Airlines -- the first to use the aircraft -- opted for a configuration that holds fewer than 480 passengers. Singapore Airlines auctioned off tickets for the first A380 flightÂ on eBay's Singaporean Web site, with all proceeds going to charity. With 24 seats left to sell on Sept. 20, the airline had sold 638 tickets for both legs of the Oct. 25 round-trip flight from Singapore to Sydney and raised S$1.9 million (US$1.26 million). That money will be split among several charities: Singapore's Community Chest; the Sydney Children's Hospital, Randwick, and The Children's Hospital at Westmead; and MÃ©decins Sans FrontiÃ¨res. The S$153,000 bid for a Singapore Airlines Suites ticket was the most expensive ticket sold during the auction, while an economy-class seat on the return leg from Sydney to Singapore was the cheapest ticket sold at S$853. By comparison, a single, round-trip ticket from Singapore to Sydney is priced at S$900 on the airline's Web site. Some tickets were sold in blocks, including a group of three Singapore Airlines Suites tickets, two business-class seats, and an economy-class ticket sold to a Singaporean bidder for S$85,280. Singapore Airlines said the largest percentage of successful bidders came from Australia, representing 15 percent of the total. Singapore came next at 11 percent, followed by the U.K. (6 percent), U.S. (4 percent), and Germany (3 percent). The youngest successful bidder was a San Francisco man who will turn 22 on the day of the flight, Singapore Airlines said. The oldest successful bidder was a 76-year-old man from Vancouver, it said. The airline said 2,000 bidders registered for the auction and paid a security deposit that qualified them to bid. Â
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Compagnia procedera' con delisting da Borsa di Londra
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MADRID  - The Spanish government said Friday it plans to sell its  remaining stakes in airline Iberia, tobacco company Altadis and retailer Aldeasa in 2005.
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British Airways completes the sale of the regional operations of subsidiary carrier BA Connect to Flybe.
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SINGAPORE Airlines has quit its 6.3 per cent shareholding in Air New Zealand, signalling the end of its ambitious plan to use the airline as a platform for expansion into the Australian and New Zealand markets.
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Bulgaria's first budget airline says that the government is driving it out of business.
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The Italian governmentâs attempt to privatize the airline Alitalia collapsed after the only remaining bidder pulled out of the auction. The Italian treasury said it halted its attempt to sell its 49.9 percent stake in the airline after a buyout firm, MatlinPatterson Global Advisers, dropped out. The airline called a board meeting for tomorrow to decide what to do next. MatlinPatterson, which is based in New York, was one of 11 bidders that expressed interest when the auction began seven months ago. The bidders gradually dropped out because of what they said were onerous conditions that a buyer would be required to meet.
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Federal bankruptcy judge will next consider the sale of all or part of the Indianapolis-based airline. By Ted Evanoff. A federal bankruptcy judge approved the $15.
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British Airways has completed the sale of its stake in Qantas Airways Ltd, with shares in the Australian carrier to resume trading on the stock market on Thursday.
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THE trading price of national oil and gas group MOL shares on the Budapest stock exchange (BET) have shot through the roof since it announced it has sold the majority stake in its natural gas business last ...
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British Airways has sold its A$1.1 billion (431 million pounds) stake in Australia&#39;s Qantas Airways to Australian and international investors, helping push up Qantas shares by over 2 percent.
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TUI, Europe's leading travel and tourism group, said it had placed an order for 10 new Boeing 737-800 jets and was planning to sell off its current Airbus A310 planes so that its entire fleet would eventually be made up of Boeing aircraft.
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Qantas said Thursday that British Airways has sold its 18.25 percent stake in the Australian carrier at 3.28 Australian dollars (US$2.
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Dubai Aerospace Enterprise quits its $1.8bn plan to buy a majority stake in Auckland International Airport.
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LONDON British Airways said Wednesday that it would sell its stake in Qantas Airways and use the proceeds to strengthen its balance sheet for acquisitions in Europe.
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BUDAPEST : Hungarian Prime Minister Peter Medgyessy resigned, pre-empting a move by his ruling Socialist party to oust him in a no-confidence vote in parliament next month.