News
Emirates Airlines Agrees Loan For 50th Airbus A380
Emirates has agreed a USD$425 million loan from a group of banks to fund the acquisition of two Airbus A380s, one of the lenders said. Abu Dhabi Islamic Bank (ADIB), Commercial Bank of Dubai and Dubai Islamic Bank were j...
Hyatt Completes $390 Million Acquisition of Park Hyatt New York
Hyatt Hotels Corporation (NYSE:H) announced that a wholly owned Hyatt subsidiary acquired 100 percent of the 210-room Park Hyatt New York for approximately $390 million, inclusive of pre-opening and related costs. Park Hyatt Ne...
Malaysia Airlines Shares Suspended
Malaysia Airlines said on Friday it has halted trading in its shares pending an announcement. The carrier did not elaborate but there are reports that state investor Khazanah, which owns 69 percent of MAS, plans to take it priv...
Etihad Poste Italiane Prepare Partnership
Etihad Airways and Poste Italiane are preparing a partnership after the Gulf airline makes a planned investment in Italy’s troubled flag-carrier Alitalia, a person close to the matter said. Etihad is due to sign a deal by...
Dutch Fugro To Lead Search For MH370
Dutch engineering firm Fugro will lead the search of the Indian Ocean seafloor where missing Malaysia Airlines flight MH370 is believed to have crashed, hoping to unlock the greatest mystery in modern aviation. Australia...
Jets Escort Qatar Air Plane To Manchester Airport
British fighter jets escorted a passenger plane into Manchester airport on Tuesday after the pilot reported that a suspect device was possibly on board, police said. “An incoming plane has been escorted into the ai...
