Abstracts » Business, international

Discount airline Virgin America applies for liftoff

Article Abstract:

Virgin Group Ltd. of the United Kingdom is to open a budget airline in the United States to be called Virgin America that it hopes to be up and running by 2006. The conglomerate would own a 25 percent share, investing $88.4 million, while United States investors would own the remaining 75 percent stake providing an $88.9 million investment. The discount airline introduction could put more pressure on the United States market.

United States, Organizational history, Company Profile, Organization formation

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Icelandic firm sells easyJet stake

Article Abstract:

FL Group of Iceland has sold its entire stake valued at 325 million Euros ($398 million) in easyJet Airline Company Ltd. of the United Kingdom. The moneys will be used to finance other investments in Northern Europe. The sale could be linked to a 20 percent decline in the stock market in Iceland.

Acquisitions & mergers, Investment Offices, Investment Companies, Open-End Investment Funds, Investment Funds & Trusts, Iceland, Mergers, acquisitions and divestments, Company acquisition/merger, easyJet Airline Company Ltd.

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Delta seeks creditor help to fend off U.S. Airways bid

Article Abstract:

Delta Air Lines Inc. of the United States is trying to prevent an $8.76 billion hostile acquisition offer from U.S. Airways. The airlines is determined to emerge from bankruptcy on its own and is currently meeting with creditors.

Delta Air Lines Inc., DAL, Company overview

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