When Tony Fernandes, director of AirAsia Berhad announced that his airline was in preliminary talks with Montreal-based plane-maker Bombardier to buy 100 of Bombardier’s potential 160 seat CSeries aircraft, it ended the recently concluded Farnborough Airshow on a relative high note for Bombardier. During an air show that was tabbed as a referendum on the beleaguered CSeries programme, Bombardier managed relative success, winning 25 new commitments to the CSeries; 5 …Read More
Reducing costs imperative for American Eagle spin-off
On August 11th, 2011, AMR Corporation, the parent company of American Airlines (AA), filed documents with the US Securities and Exchange Commission (SEC) indicating that it would be spinning off American Eagle (American Airlines’ largest regional partner) to AMR shareholders. As it is currently written, the deal gives all AMR shareholders 1 common share in American Eagle for each share of AMR stock that they own. Under the terms of …Read More
