gategroup shares bounced back on Monday, up 2.5%, following the news last week that it was subject to a CHF22 million fraud at a subsidiary. The shares had dropped to a five-month low before recovering.
Thai Airways and Tiger Airways signed an initial shareholders agreement, necessary to establish a new JV LCC, Thai Tiger Airways. THAI plans to invest USD3.3 million for a 49.9% stake in the LCC, although the investment is still pending regulatory approval. Tiger Airways will hold 39.0% of the paid-...
The Middle East’s largest and most profitable LCC remained firmly in the black in 2010, with all key metrics up across the board. But the difficult environment weighed on the LCC’s performance and while Air Arabia remains in a competitive position, the high-growth period seen three years ago at...
