Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Air Atlanta Purchses Stake In Excel  
User currently offlineCKT789 From , joined Dec 1969, posts, RR:
Posted (12 years 3 months 1 week 4 days ago) and read 2376 times:

Just read on Hemscott.com that Air Atlanta has purchased a 40% stake in Excel Airways. Libra (the company that Excel does a lot of flying for) is retaining its stake. The money from the takeover (£29.9m) is being used to clear debts that the airline has. Given the size of the stake, Air Atlanta should bid for the rest of the airline but it has been given special dispensation as the shareholders said they wouldn't accept an offer for the whole airline.

Excel is a profitable airline and seems to have a good name in the industry. Also, Air Atlanta supply them with their 767 and 757 fleet so this stake will bring them a lot closer together. We may even see an Excel 742!!

Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Air Atlanta Icelandic 747 In ORD posted Tue May 3 2005 14:36:27 by UAL Bagsmasher
Air Atlanta Icelandic interested in acquiring Astraeus? posted Mon Jan 24 2005 16:51:15 by Goldcrest
KQ Eyes Stake In Air Tanzania posted Sat Mar 18 2006 21:00:57 by Omoo
Kingfisher Likely To Pick Up Stake In Air Sahara posted Wed Oct 19 2005 02:00:56 by Aseem
Air Atlanta Cargo In Dubai? posted Wed May 18 2005 19:36:27 by EK156
Air Atlanta 747 In Waco, TX Today! posted Sun May 15 2005 05:09:15 by AkjetBlue
Air Atlanta/Excel Airways posted Tue Mar 29 2005 22:23:23 by 747boy
French Govt. Cuts Stake In Air France - KLM posted Fri Dec 10 2004 14:00:18 by AirWales
ANA Eyes Stake In Air China Share Sale posted Thu Nov 11 2004 17:49:49 by Carnoc
Excel - Air Atlanta - Islandsflug posted Mon Oct 25 2004 23:01:47 by Goldcrest