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49. Korean Air's Third Quarter Net Profit Jumps 59%
Korean Air's Third Quarter Net Profit Jumps 59%.
50. Sabre Holdings to be Acquired by TPG and Silver Lake Partners for US$5 billion
Sabre Holdings to be Acquired by TPG and Silver Lake Partners for US$5 billion. Sabre Holdings, Silver Lake Partners and Texas Pacific Group (TPG) have signed a definitive agreement under which Silver Lake Partners and TPG will acquire Sabre Holdings for US$32.75 per share in cash. The transaction is valued at approximately US$5 billion, including the assumption of approximately US
51. LAN Airlines Reports Net Income of US$76.1 Million for Q1 2012
LAN has reported a net income of US$76.1 million in Q1 2012, a decrease of 21.8% compared to Q1 2011. Operating income in the quarter decreased 27.4%, reaching US$111.2 million, with a 7.2% operating margin. Results this quarter were impacted by a 14.7% increase in fuel prices and a more challenging environment in the cargo business, as well as by the ongoing development of LAN Col
52. C9 Hotelworks Releases Details of Phuket Luxury Villa Market Report
C9 Hotelworks Releases Details of Phuket Luxury Villa Market Report. The upscale luxury villa segment has outperformed the broader Phuket property market for Q4 2008 in spite of recent political issues in Bangkok and a worsening global financial downturn, according to the Phuket Luxury Villa Market Report recently released by consulting firm C9 Hotelworks.
53. Hong Kong Disneyland’s Expansion Plans Approved
Hong Kong Disneyland’s Expansion Plans Approved. Hong Kong Disneyland has warmly welcomed the Legislative Council’s approval of the financial arrangement relating to its expansion plans. Over the next five years Hong Kong Disneyland is planning to add over 30 new attractions, bringing the total number of attractions and experiences at Hong Kong Disneyland to more than 100.
54. AirAsia X Looking to Raise RM500 Million
AirAsia X Berhad has unveiled plans to revise the proposed reduction of 90% of the issued share capital to 99.9% of the issued share capital. This comprises a reduction of the issued share capital of approximately RM1,532.51 million to RM1.53 million. Published by TravelNewsAsia.com on 15 December 2020.
55. IATA Revises Forecasts; Deeper Losses Expected
IATA Revises Forecasts; Deeper Losses Expected. IATA has revised its global financial forecast predicting airline losses totaling US$11 billion in 2009. This is US$2 billion worse than the previously projected US$9 billion loss due to rising fuel prices and exceptionally weak yields. Industry revenues for the year are expected to fall by US$80 billion (15%) to US$455 billion compar
56. Marriott to Acquire Starwood; Company Will Have Over 1.1 Million Rooms Across 30 Brands
The boards of directors of both Marriott International and Starwood Hotels & Resorts Worldwide have unanimously approved a definitive merger agreement under which the companies will create the world’s largest hotel company. Combined, the companies operate or franchise more than 5,500 hotels with 1.1 million rooms worldwide. The combined company’s pro forma fee revenue for the 12 mo

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