Southwest Airlines extends Denver Nuggets deal < ');" class="arial11blue1"> RateSouthwest Airlines Co. says it signed a two-year deal to extend its sponsorship of the NBA Denver Nuggets.The airline, a regular advertiser on sports TV programming, said the agreement includes arena signs and halftime promotions during Nuggets home games. The airline became a sponsor last year.Last week, the airline announced...
|
Southwest Airlines continues deal with Celtics < ');" class="arial11blue1"> RateSouthwest Airlines Co., a regular advertiser on sports programming, says it has extended its sponsorship of the NBA's Boston Celtics for the 2009-2010 season.Southwest said Wednesday that the deal includes signs in the Celtics' arena and promotions during all home games.One of the Celtics players, Brian Scalabrine, will...
|
government has asked state-run carrier Air India to cut cost and enhance revenue to the extent of Rs 2,000 crore by March before any equity infusion is made in the airline. The decision came in a meeting of the Group of Ministers (GoM) headed by Finance Minister Pranab Mukherjee that met on Thursday.The government has also decided to monitor the performance of the airline on a monthly basis and have...
|
Private equity firm TPG could partner with American Airlines on a minority investment in Japan Airlines to prevent its defection to a rival airline group, the chief financial officer of American parent AMR Corp said.The emergence of TPG as a potential investor comes as the loss-making Japan Airlines seeks its fourth state bailout since 2001, saddled with USD 15 billion in debt, a massive pension deficit...
|
The Committee of Secretaries (CoS), headed by Cabinet Secretary KM Chandrasekhar, will meet on November 17 to review the foreign direct investment (FDI) in the aviation sector, among other sensitive sectors. The government is looking at a proposal to increase the FDI limit to 74 per cent.As of now, FDI in civil aviation is allowed in airports and domestic scheduled passenger airlines, non-scheduled...
|
British Airways and Iberia ofSpain approved on Thursday a preliminary agreement on a merger that would createa European aviation giant, the airlines said.The new airline wouldhave 419 aircraft and fly to 205 destinations, with the merger expected to befinalised by the end of 2010, the airlines said in a joint statement."The merger will create a strong European airline well able tocompete in the 21st...
|
Next week could be acrucial one for airlines in India with government holding two meetings. Whilethe committee of secretaries headed by cabinet secretary K M Chandrasekhar willdiscuss the long-pending issue of allowing foreign airlines to invest in desiones, Pranab Mukherjee-headed Group of Ministers will meet to look into aviationministry's request to infuse funds into AI.Many Indian carriers, ledby...
|
Vijay Mallya-owned Kingfisher Airlines has resolved its long-pending aviation turbine fuel (ATF) payment dispute with Bharat Petroleum through an out-of-court settlement.The airline will pay Rs 40 crore within 12 days from today and the rest in instalments within a year. The total dues are Rs 314 crore and the airline will also pay interest on this, said a BPCL official.The airline was not getting...
|
Kingfisher is trading at Rs 47, stronger by Rs 1 or 2%, on the BSE.The Vijay Mallya-owned Kingfisher Airlines has resolved its long-pending aviation turbine fuel (ATF) payment dispute with Bharat Petroleum through an out-of-court settlement.The airline will pay Rs 40 crore within 12 days and the rest in instalments within a year. The total dues are Rs 314 crore and the airline will also pay interest...
|
Deutsche Lufthansa AG said Wednesday that it swung to a net loss in the first nine months of the year and warned that its full-year earnings will be hit by falling passenger numbers and the rising oil price.Germany's flagship airline said it will also be hit by losses from newly acquired airlines British Midland Airways, or bmi, and Austrian Airlines AG. Austrian Airlines was included in its results...
|
