Singapore Airlines to merge stock, buy back shares

Article Abstract:

Singapore Airlines announced that it is planning to combine its local and international shares as it attempts to repurchase as much as 10% of its shares. Analysts believe that the plan will probably increase the carrier's appeal when it comes to stocks. Singapore Airlines's shares would become more liquid if the plan pushes through. The shares would also put an end to the difference in price between the two share categories.

Comment:

Plans to combine local and international shares

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Air New Zealand considers cutting back some services

Article Abstract:

Air New Zealand is considering reducing some operations, according to chief executive Gary Toomey. The carrier will reduce some operations if its main shareholder, Singapore Airlines, is not allowed to increase its 25% share.

New Zealand, Air New Zealand Ltd.

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Onex drops Canadian Airline bid

Article Abstract:

Onex Corp. has withdrawn its bid to acquire Air Canada and Canadian Airlines. A judge in Quebec ruled that the hostile bid to takeover Air Canada was illegal.

Canada, Financial Holding Companies, Offices of Bank Holding Companies, Holding Offices, Financial services industry, Financial services, Air Canada, Canadian Airlines International Ltd., Onex Corp.

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