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AirBaltic is in pre-IPO talks with one strategic partner, says CEO

UPDATE 1-AirBaltic is in pre-IPO talks with one strategic partner, says CEO Updates with CEO quotes, background By Joanna Plucinska LONDON, Sept 16 (Reuters) - Latvian carrier airBaltic is in pre-IPO talks with one strategic investor at the moment, Chief Executive Martin Gauss told Reuters on Monday, declining to comment on reports that the airline was in discussions with Lufthansa regarding an investment.
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AirBaltic CEO says it is in pre-IPO talks with one strategic partner

AirBaltic CEO says it is in pre-IPO talks with one strategic partner LONDON, Sept 16 (Reuters) - Latvian carrier AirBaltic is in pre-IPO talks with one strategic investor at the moment, chief executive Martin Gauss told Reuters on Monday, declining to comment on reports that the airline was in talks with Lufthansa regarding an investment. He added that the carrier's wet lease business gave it an advantage ahead of its initial public offering, set for either the end of this year or early in 2025,
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Airlines suspend flights as Middle East tensions rise

FACTBOX-Airlines suspend flights as Middle East tensions rise Updates airBaltic Sept 16 (Reuters) - Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have adjusted services to and from the region: AIR ALGERIE The Algerian airline suspended flights to and from Lebanon until further notice.
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Airlines suspend flights as Middle East tensions rise

FACTBOX-Airlines suspend flights as Middle East tensions rise Updates Vueling under IAG Sept 13 (Reuters) - Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have adjusted services to and from the region: AIR ALGERIE The Algerian airline suspended flights to and from Lebanon until further notice.
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Deutsche Lufthansa Extends Wet Lease Partnership With airBaltic

BRIEF-Deutsche Lufthansa Extends Wet Lease Partnership With airBaltic Sept 13 (Reuters) - DEUTSCHE LUFTHANSA AG LHAG.DE : DEUTSCHE LUFTHANSA AG - EXTENDING ITS COLLABORATION WITHIN FRAMEWORK OF A WET LEASE PARTNERSHIP WITH ITS LONG-STANDING AND PROVEN PARTNER AIRBALTIC (BT) FOR A FURTHER THREE YEARS BEYOND SUMMER OF 2025 DEUTSCHE LUFTHANSA AG - AGR
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Airlines suspend flights as Middle East tensions rise

FACTBOX-Airlines suspend flights as Middle East tensions rise Adds LOT, Sundair; updates Ryanair, Lufthansa Sept 12 (Reuters) - Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have adjusted services to and from the region: AIR ALGERIE The Algerian airline suspended flights to and from Lebanon until further notice.
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Lufthansa says flights to Beirut suspended until Oct. 15

Lufthansa says flights to Beirut suspended until Oct. 15 BERLIN, Sept 12 (Reuters) - Lufthansa LHAG.DE said on Thursday that its flights to Beirut would remain suspended up to and including Oct. 15, in an update on the German flag carrier's flight schedule amid tensions in the Middle East. Writing by Rachel More, Editing by Friederike Heine
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Vista Outdoor, Alimentation Couche-Tard, U.S. Steel, Newmont Corp Updates: AngloGold Ashanti Sept 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1941 GMT on Tuesday: ** Vista Outdoor VSTO.N said on Tuesday it has not yet decided on the latest buyout offer from MNC Capital and delayed its special investor meet to vote on a separate deal to sell its ammunition unit to defense firm Czechoslovak Group (CSG).
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: TC Energy, UPS, Lufthansa, British hedge Updates: AngloGold Ashanti Sept 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday: ** TC Energy's TRP.TO C$1 billion ($736.92 million) deal to sell a minority stake in its Canadian natural gas pipeline system to a consortium of Indigenous communities has been delayed due to a transaction structuring issue, the company said.
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Deutsche Lufthansa: Lufthansa Group Expands Route Network In Winter

BRIEF-Deutsche Lufthansa: Lufthansa Group Expands Route Network In Winter Sept 10 (Reuters) - Deutsche Lufthansa AG LHAG.DE : LUFTHANSA GROUP EXPANDS ROUTE NETWORK IN WINTER SWISS INTRODUCES DIRECT FLIGHTS TO GENEVA EUROWINGS OFFERS DAILY SERVICE TO DUBAI AND FLIES THREE TIMES A WEEK TO JEDDAH EUROWINGS POSITIONS ADDITIONAL AIRCRAFT AT BER Source t
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Lufthansa interested in airBaltic stake, source says

Lufthansa interested in airBaltic stake, source says FRANKFURT, Sept 10 (Reuters) - German airline Lufthansa LHAG.DE is considering taking a stake in Latvia's state-owned carrier airBaltic ahead of its IPO, a source familiar with the matter told Reuters on Tuesday. Europe's airline industry has gradually consolidated over the past 20 years but remains fragmented, with small national carriers struggling to compete with larger rivals.
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Lufthansa said to consider investment in Air Baltic before Bloomberg news

MEDIA-Lufthansa said to consider investment in Air Baltic before IPO - Bloomberg news -- Source link: bitly -- Note: Reuters has not verified this story and does not vouch for its accuracy
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What are airlines doing in response to Cathay Pacific's Airbus A350 engine failure

FACTBOX-What are airlines doing in response to Cathay Pacific's Airbus A350 engine failure Adds Virgin Atlantic comments para 9 By Anna Chaberska and Alban Kacher Sept 6 (Reuters) - Several airlines are carrying out precautionary inspections on their Airbus AIR.PA A350 fleets after Hong Kong's Cathay Pacific 0293.HK found 15 planes that needed fuel line repairs following the in-flight failure of an engine part.
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What are airlines doing in response to Cathay Pacific's Airbus A350 engine failure

REFILE-FACTBOX-What are airlines doing in response to Cathay Pacific's Airbus A350 engine failure Refiles with no changes to text to fix dateline and typo in advisory: Adds EASA decision in paragraph 3, updates JAL, Qatar Airways and Etihad By Anna Chaberska and Alban Kacher Sept 6 (Reuters) - Several airlines are carrying out precautionary inspections on their Airbus AIR.PA A350 fleets after Hong Kong's Cathay Pacific 0293.HK found 15 planes that needed fuel line repairs following the in-flight
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Airport operator Fraport's fortunes depend on Boeing deliveries, CEO says

Airport operator Fraport's fortunes depend on Boeing deliveries, CEO says FRANKFURT, Sept 6 (Reuters) - Frankfurt Airport's recovery in passenger numbers largely depends on Boeing BA.N deliveries to Lufthansa LHAG.DE , the CEO of its operator Fraport FRAG.DE told Reuters in an interview published on Friday. Capacity growth at Lufthansa, which in 2022 accounted for more than 60% of Frankfurt's passengers, has been held back by bottlenecks in the production of Boeing aircraft as well as engine pro
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Antofagasta, Colonial, and Hill & Smith

EUROPE RESEARCH ROUNDUP-Antofagasta, Colonial, and Hill & Smith Sept 6 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Antofagasta, Colonial and Hill & Smith, on Friday. HIGHLIGHTS * Antofagasta ANTO.L : Barclays cuts target price to 1,600p from 1,660p * Colonial COL.MC : Jefferies raises to buy from hold * Hill & Smith HILS.L : Berenberg raises target price to 2,500p from 2,350p * Melrose Industries MRON.L : Morgan Stanley initiat
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Lufthansa Invests Nearly 600 Mln Euros Into Its Cargo Hub at Frankfurt Airport

BRIEF-Lufthansa Invests Nearly 600 Mln Euros Into Its Cargo Hub at Frankfurt Airport Sept 6 (Reuters) - DEUTSCHE LUFTHANSA AG LHAG.DE : LUFTHANSA CARGO INVESTS IN FUTURE OF AIRFREIGHT AT FRANKFURT AIRPORT INVESTMENT OF NEARLY 600 MILLION EUROS LUFTHANSA CARGO IS FUNDAMENTALLY MODERNIZING ITS CARGO HUB AT FRANKFURT AIRPORT BY 2030 Further company co
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EU top court should reject Air France-KLM cartel fine appeal, court adviser says

EU top court should reject Air France-KLM cartel fine appeal, court adviser says By Foo Yun Chee BRUSSELS, Sept 5 (Reuters) - Europe's top court should reject an appeal by Air France KLM AIRF.PA and its Dutch unit KLM, British Airways ICAG.L , Singapore Airlines SIAL.SI and some of their peers against cartel fines imposed by EU antitrust regulators in 2017, an adviser to the court said on Thursday.
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What are airlines doing in response to Cathay Pacific's Airbus A350 engine failure

FACTBOX-What are airlines doing in response to Cathay Pacific's Airbus A350 engine failure Updates with latest JAL, Delta and Thai comment By Anna Chaberska and Alban Kacher Sept 4 (Reuters) - Several airlines are carrying out precautionary inspections on their Airbus AIR.PA A350 fleets after Hong Kong's Cathay Pacific 0293.HK found 15 planes that needed fuel line repairs following the in-flight failure of an engine part on Monday.
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Cathay Pacific A350 fleet to resume full service by Saturday after repairs

UPDATE 3-Cathay Pacific A350 fleet to resume full service by Saturday after repairs All Cathay's A350s expected to resume service by Saturday Source says leaking fuel system may have caused engine fire Engine maker Rolls-Royce has not ordered fleet-wide inspection Some Asian A350 operators inspecting engines, carriers say 15 A350s need fuel line repairs, Cathay says Updates with comments from airlines paragraphs 15,19 By Lisa Barrington and Joanna Plucinska Sept 4 (Reuters) - Cathay Pacific Airw
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