Discount airline Virgin America applies for liftoff
Article Abstract:
Virgin Group Ltd. of the United Kingdom is to open a budget airline in the United States to be called Virgin America that it hopes to be up and running by 2006. The conglomerate would own a 25 percent share, investing $88.4 million, while United States investors would own the remaining 75 percent stake providing an $88.9 million investment. The discount airline introduction could put more pressure on the United States market.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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Icelandic firm sells easyJet stake
Article Abstract:
FL Group of Iceland has sold its entire stake valued at 325 million Euros ($398 million) in easyJet Airline Company Ltd. of the United Kingdom. The moneys will be used to finance other investments in Northern Europe. The sale could be linked to a 20 percent decline in the stock market in Iceland.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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Delta seeks creditor help to fend off U.S. Airways bid
Article Abstract:
Delta Air Lines Inc. of the United States is trying to prevent an $8.76 billion hostile acquisition offer from U.S. Airways. The airlines is determined to emerge from bankruptcy on its own and is currently meeting with creditors.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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