Reading Time: < 1 minute Air France-KLM has launched a 2.26-billion-euro ($2.41 billion) share sale to repay some French state aid as it seeks shareholder backing to invest in resurgent air travel. Chief Executive Ben Smith said the widely anticipated move was part of efforts to “strengthen our financial autonomy” and regain strategic and operational flexibility. “As the recovery continues […]

Reading Time: < 1 minute Russian flag carrier Aeroflot is to buy back shares from those stakeholders who disagreed with the major lease deal of 50 advanced, Russian-made MC-21-300 narrow-body aircraft. An extraordinary meeting of the airline’s board of directors established that the national carrier will take back 47,817,796 shares at a total value of US$107 million. Russian legislation allows […]

Reading Time: < 1 minute Russia’s largest airline Aeroflot has sold 4.8% of its shares to an undisclosed buyer. The shares in question belonged to the carrier’s subsidiary Aeroflot Finance. Kommersant daily reports that the shares represented a quasi treasury stock used for voting purposes by the airline’s management. The impending sale of this stock had been mentioned previously in […]

Reading Time: < 1 minute Rockwell Collins has announced an agreement to acquire aircraft interiors supplier B/E Aerospace for $6.4 billion in cash and the assumption of $1.9 billion in net debt. The transaction, which is expected to close in 2017 subject to board approvals of both companies, will blend B/E’s portfolio of galleys, lavatories and oxygen and lighting systems […]

Reading Time: < 1 minute The Norwegian and Swedish government is starting the sale of up to 19 million shares in the airline SAS, corresponding to 5.8 percent of the outstanding shares. The Norwegian Industry and Fisheries Ministry is to oversee the sale on behalf of the Norwegian and Swedish governments, said the Swedish government in a statement Wednesday night. […]