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%.
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
Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.