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January 17, 2014
08:03 EDTAAWW, BAIRYAtlas Air, British Airways to pursue new opportunities
Atlas Air (AAWW) said that it intends to pursue new aircraft, crew, maintenance and insurance placement opportunities for three 747-8 Freighter aircraft currently operated for British Airways (BAIRY) by Atlas Air Worldwide’s 49%-owned UK subsidiary, Global Supply Systems. The action follows notice from British Airways, a unit of International Consolidated Airlines, regarding British Airways’ strategic decision to exit dedicated cargo-freighter service and to return the aircraft to GSS in April 2014 pursuant to the terms of the existing ACMI agreement between the parties. Effective with the termination of the agreement, the three 747-8Fs will be redelivered to the company by GSS. Through GSS, the company also will receive contractual early termination fees from British Airways.
News For AAWW;BAIRY From The Last 14 Days
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December 18, 2014
10:41 EDTBAIRYIAG says Aer Lingus board rejected takeover proposal
International Consolidated Airlines Group (ICAGY) confirms that it submitted a proposal to make an offer for Aer Lingus, which has been rejected by the board of the company. IAG added, "There can be no certainty that any further proposal or offer will be forthcoming." IAG is the parent of British Airways (BAIRY). The Financial Times earlier today reported that IAG was considering a bid for Aer Lingus.
10:10 EDTBAIRYBritish Airways parent considers Aer Lingus takeover, FT reports
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December 15, 2014
11:45 EDTAAWWAtlas Air management to meet with FBR Capital
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