Hainan Airlines is expected to raise its stake in Shanghai-based Yangtze River Airlines from 0.37% to 11.6% with an investment of CNY915.2 million ($136.8 million) to enhance its position in Shanghai and the East China market.
China’s HNA Group, parent of Hainan Airlines, has acquired 61.7% of Swiss airline catering and logistics services company Gategroup—and 63.6% of the voting rights and shares as of July 1—which is sufficient for its takeover bid.
Air New Zealand has released its latest flight safety video. The Kiwi airline is famous for its fun videos and they are usually popular, but I have to say that I think they’ve produced a dud this time....More
GE Aviation and CFM International, the GE/Snecma joint venture, appeared to be the winners among aircraft engine manufacturers at the Farnborough Airshow in terms of quantity and value of orders, though Pratt & Whitney and Rolls-Royce also secured significant engine orders during the event....More