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.
China’s HNA Group is expected to make an investment of A$159 million ($114 million) to buy a 13% stake in Virgin Australia for A$0.3 per share in an effort to enhance its position in the fast growing Sino-Australia market.
Peter Bellew became CEO and group managing director of Malaysia Airlines Berhad on July 1, succeeding Christoph Mueller. Bellew had been the airline’s COO since August 2015, and previously was director of flight operations at Irish low-cost carrier (LCC) Ryanair....More
The first draft of a performance-based packaging standard for lithium-ion batteries will not be ready by November and will likely slip into early 2017, an Air Line Pilots Association (ALPA) committee member said Aug. 24....More