GOL announced (15-Sep-2011) a buyback of its own shares by means of option transactions. The number of call or put options to be launched or purchased is of up to 9,305,754 preferred, registered shares, with no face value, issued by the company, representing 10% of all the outstanding shares, which totalled 93,057,541 outstanding shares on the market at 08-Sep-2011. [more]
GOL announces buyback of its own shares by means of option transactions
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Qatar gives LATAM needed cash and a distant shareholder. Latin America is the smallest market by far for Gulf airlines, but while currently in the economic doldrums, has a longer term potential for growth. It is also a key future market for US airlines, albeit very small on the Gulf airlines' networks. Qatar is spending nearly EUR2.5 billion on equity investments, still smaller than Etihad's but illustrating a willingness to acquire airline assets, for investment and strategic reasons. In this case the immediate strategic purpose for Qatar is less apparent.
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WOW air: the fast-growing Icelandic LCC starts new widebody services to US West Coast
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