Air Arabia soars on Dubai debt deal; Emirates sale coming? Virgin Blue-Delta launch alliance
This could be seen as a gradual squeeze on Dubai by its wealthier neighbour, even though the funds were officially provided to Dubai without conditions attached. Dubai will reportedly consider selling assets after receiving the bailout funds from Abu Dhabi. There is no word whether this could involve its aviation assets including Emirates Airline.
Selected LCCs daily share price movements (% change): 14-Dec-09
Virgin Blue and Delta launch marketing alliance
Also gaining yesterday (shares up 3.7%) was Virgin Blue, which announced plans implement codeshare services with Delta Air Lines from Jan-2010, as part of the carriers’ trans-Pacific marketing alliance. The agreement coves codeshare operations on six routes, and frequent flyer programme/lounge reciprocity.