Southwest buy-out gets Air Tran shareholder approval
Southwest Airlines confirmed that shareholders of AirTran have overwhelmingly approved the proposed acquisition of AirTran by the carrier. The transaction remains under review by the US Department of Justice and is subject to certain other regulatory clearances. Southwest anticipates the transaction to close in 2Q2011. Shares in Southwest were up 0.8% while AirTran shares rose 0.5%.
- Southwest Airlines shareholders approve acquisition of AirTran.
- Air New Zealand increases ownership stake in Virgin Blue.
- airberlin and GECAS agree on financing for 12 new aircraft.
- Southwest and AirTran shares experience slight increase after acquisition approval.
- Virgin Blue shares drop to a seven-month low after equity swaps with Air New Zealand.
- Financing agreement between airberlin and GECAS valued at approximately USD 1 billion.
Air New Zealand announced it has unwound equity swaps in Virgin Blue Holdings and taken ownership of an additional 0.8% of Virgin Blue shares. The transaction returns Air New Zealand's holding in Virgin Blue to 14.99%. Shares in Virgin Blue dropped 6.1% on Wednesday, hitting a seven-month low.
airberlin and GECAS announced an agreement for the financing of 12 new aircraft covering five A320s, three A321s and four B737-800s, all equipped with CFM engines. The sale-and-lease-back transaction is covering deliveries due in the first three quarters of 2012. The agreement is valued at approximately USD1 billion at list prices.
Selected PEA daily share price movements (% change): 23-Mar-2011
