Monthly Archives: February 2009

Lufthansa makes offer for Austrian stock

 

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Please click on photo for full view and caption.

Lufthansa (Frankfurt) has made a public offer to the shareholders of Austrian Airlines (Vienna) to acquire the shares of the airline via the OLH holding company.  LH is offering EUR 4.49 for each share of Austrian stock.  This bid price is based on the average price of the stock over the past six months.  The offer expires on May 11, 2009.  The goal is to bring Austrian into the Lufthansa Group (like Swiss).

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Korean Air orders six Airbus A330-200s

 

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Please click on photo for full view and caption.

Korean Air (Seoul) has placed an order for six Airbus A330-200s according to the carrier.  Airbus has not confirmed the order.  Previously KAL increased its Airbus A380 order by two to 10.

SAS Group to invest $9.24 million in Estonian

 

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Please click on photo for full view and caption.

The SAS Group (Stockholm) is planning to pump in $9.24 million for Estonian Air  (Tallinn) to improve the liquidity of the flag carrier.  This comes as SAS has previously stated it would like to divest its 49 percent share of the company.

USA 3000 to restore Cleveland-St. Petersburg

 

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Please click on photo for full view and caption.

USA 3000 Airlines (Brendan Air dba) (Philadelphia) intends to restore the Cleveland-St. Petersburg/Clearwater route on May 1.

Mesaba to start SAAB Atlanta operations March 2

 

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Please click on photo for full view and caption.

Mesaba Airlines (NWA Airlink) (Minneapolis/St. Paul) will start Delta Connection operations from Delta’s Atlanta hub on March 2.  The first two aircraft will fly to Hilton Head Island and the Tri Cities, TN.