SIA to offload Air NZ stake
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SINGAPORE Airlines has bowed to the inevitable and will book a $141 million loss over the decision yesterday to sell its long-troubled stake in Air New Zealand.
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Air New Zealand Ltd., the country&#39;s biggest airline, agreed to spend as much as $716 million on aircraft from Bombardier Inc. to replace the fleet of its domestic Air Nelson unit.
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HONG KONG : China&#39;s flagship carrier Air China has been handed a controlling stake in Hong Kong-listed aviation services company China National Aviation Co Ltd, the airline said on Monday.
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Air New Zealand said on Tuesday the Australian Competition Tribunal had approved a proposed alliance with Australia&#39;s Qantas, despite its rejection in New Zealand.
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German bank WestLB is to sell its stake in  Europe's largest travel group TUI, owners of Thomson and Lunn Poly.
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Irish airline Aer Lingus is to be partly privatised next month, in a flotation expected to raise about Â£270m.
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BA is to sell its stake in Australian airline Qantas and will use the cash raised to cut its debts, the airline announces.
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A planned tie-up between Australia&#39;s Qantas and Air New Zealand has been thrown out by New Zealand&#39;s High Court. The decision ends a two-year effort by the airlines to fight off low-cost carriers by combining forces.
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British Airways Plc. plans to sell its  A$1.12 billion ($773 million) stake in Australia's Qantas  Airways Ltd. in the next two days to cut debt and take  advantage of future consolidation in Europe.
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Dubai Aerospace Enterprise Thursday abandoned its controversial bid to take a majority stake in New Zealand&#39;s aviation hub, Auckland International Airport.
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HONG KONG (Dow Jones)--Air China, the mainland&#39;s biggest carrier, will bring forward its listing on the Hong Kong Stock Exchange to avoid clashing with the listing of the Housing Authority&#39;s Real Estate Investment Trust, or REIT, reports the South China
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Australia's Qantas Airways  said on Thursday it has accepted an A$11.1 billion ($8.7 billion) revised buyout offer led by Macquarie Bank Ltd.  and private equity firm Texas Pacific Group at A$5.60 a share.
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Travelocity takes off as its parent gets bought out.
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A â¬700 million (Â£484 million) stake in Air France-KLM was put up for sale by the French Government yesterday, as part of an effort to more than halve its holding in the carrier to below 20 per cent.
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German bank WestLB is to sell its stake in  Europe's largest travel group TUI, owners of the Thomson and Lunn Poly brands.
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londonâBritish Airways Plc, Europe&#39;s second-biggest airline, will sell its 18 per cent stake in Qantas Airways Ltd. worth Â£427 million or about $980 million (Canadian) to cut debt ahead of possible acquisitions in Europe.
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Air New Zealand announced Thursday that it will increase its surcharge on air fares from early next month because of the rising cost of jet fuel.