Alaska Air To Purchase Virgin America From Virgin Group

The North American aviation industry is set for further consolidation with the announcement that Alaska Air, the parent company of Alaskan Airlines, is to purchase rival Virgin America.   Estimated to be worth around USD 4 billion (including existing Virgin America debt and capitalized aircraft operating leases) and subject to regulatory approval, the deal will … Continue reading

FRHI, Hilton Launch New Midscale Brands

FRHI Hotels & Resorts and Hilton Worldwide have announced the addition of new brands to their respective portfolios. The latest launches amid an ongoing trend by international and regional hospitality chains, Neqta Hotels and Tru by Hilton both target the midscale market, but differ in their geographical focus.   Neqta Hotels – Betting on China Partnering … Continue reading

Airlines Suspend Dreamliner Operations

Operators of the Boeing 787 Dreamliner have moved to ground their fleets following an advisory issued by the Federal Aviation Administration pending safety testing of the onboard batteries. A series of incidents involving the aircraft (most recently an emergency landing in Japan) prompted the directive, with Japanese and US operators the first to suspend operations. … Continue reading