SpiceJet shareholder Sun TV Network Chairman and MD, Kalanithi Maran, announced plans to launch an open offer to public shareholders of SpiceJet to acquire a further 20% of stock, commencing 06-Aug-2010 (The Economic Times, 12-Jul-2010/Hindustan Times, 09-Jul-2010). Mr Maran entered an agreement to acquire 37.73% of the LCC's shares – 30.23% from Wilbur Ross and 7.49% from the Kansagara family – on 14-Jun-2010, for an estimated USD160 million or INR47.25 per share. Mr Maran and Kal Airways Pvt Ltd subsequently launched an open cash offer for the acquisition of 83 million equity shares or a 20% stake in SpiceJet at INR57.76 per share, a 3% premium to the stock's 11-Jun-2010 closing price of INR56.05.
SpiceJet major shareholder to launch open offer to public shareholders
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The Western Europe-North East Asia corridor has gained attention as the centrepiece of Finnair's expansion strategy. But just over 500 miles away in Moscow Aeroflot is quietly pursuing a role carrying transfer traffic between the regions. Although Aeroflot's spread of Asian destinations is not as extensive as Finnair's or those of the Gulf airlines, Aeroflot has favourable geography and lower costs. It is not subject to Russian overflight rights and associated costs. Finnair carries the tenth largest number of O&D passengers between Western Europe and Northeast Asia, while Aeroflot is 13th. After Emirates, Aeroflot is the second largest airline transporting passengers between the regions, but is based in neither.
A member of SkyTeam, Aeroflot is not part of the joint ventures (trans-Atlantic and Europe-Asia) that define the alliance's inner circle. Its long haul transfer strategy is focused on Western Europe-Asia. This strategy allows it some independence from SkyTeam but may also aggravate the alliance's established members, much the way that Turkish has irked Lufthansa and United. Aeroflot's connecting traffic, although still an overall small proportion of its international traffic, has grown faster than local traffic.
Amadeus and Navitaire: a dual brand strategy allowing greater airline hybridisation
As airlines have embraced dual brand strategies to reach full service and low cost growth aviation IT has responded, as seen with Amadeus' acquisition of Navitaire, which mostly but not exclusively powered the passenger service systems (PSS) of LCCs. In the first six months since the deal closed Navitaire has added 230m passengers boarded, to Amadeus Altea's 393m. Navitaire passengers account for 37% of Amadeus' total.
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