Not so long ago, once proud Japan Airlines had few friends besides the government, which threw it a $1.1 billion bone in the form of emergency support in June to keep the national flag carrier in the pink, if not the black, as Asia's largest airline by revenues continued to bleed money -- about $1 billion in the last quarter -- and painfully restructure.
You’ve got to admit that when Ryanair’s chief executive Michael O’Leary (left) told journalists in London on Tuesday that the low-cost airliner was studying a bid to buy Germany’s flag carrier Lufthansa, he must have meant it as a joke.
from Summit Notebook:
The state of the airline industry and travel overall is not poised for a rapid takeoff in 2009 and looks like it will remain in rough shape until next year, said Pierre-Henri Gourgeon, chief executive of Air France-KLM, on Monday at the Reuters Travel and Leisure Summit.
Air France-KLM in January bought a 25-percent stake in Alitalia after a failed attempt at buying the entire carrier last year. The airline fought it out with Lufthansa, which lost the battle but didn't sit around moping. It quickly launched Lufthansa Italia, which took its maiden flight a few days ago.
from Italian elections:
La trattativa con Air France è in terapia intensiva e la cordata italiana per acquistare Alitalia promessa da Silvio Berlusconi ancora non c'è. Solo Orlando Corradi, presidente di Mondo Tv, ha risposto all'appello del Cavaliere con una fiche di 2 milioni di euro. Ancora un po' poco per rilevare un'azienda che 2 milioni li perde quasi in un giorno.