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57. Red Planet Hotels Becomes Third Largest Investor in Tune Hotels
Red Planet Hotels has invested in a 16.05% stake in the rapidly expanding Tune Hotels operation as both companies seek to grow the booming low cost hotel brand. The deal cements Red Planet Hotels – who is a major franchisee of the brand across South-East Asia – as the third largest investor in Tune Hotels with 9,975,038 shares, providing further value to Red Planet Hotel’s sharehol
58. Destinations in AP Offer Increased Value as Hotel Rates Drop
The highest percentage decreases in the report were in Asia Pacific, with a 21% drop taking Busan and Hanoi to Sin$120 and Sin$89, respectively. The impact of the political turmoil in Thailand was also clearly reflected with lower rates recorded in Pattaya where rates fell 13% to Sin$115, whilst Bangkok took an 11% tumble to Sin$106.
59. Singapore's Worldwide Hotels to Expand Portfolio
With the consolidation of Hotel 81, Value Hotel, Venue Hotel, V Hotel, Hotel Boss, and Hotel Mi under one umbrella, Worldwide Hotels has become Singapore's largest homegrown tourist class hotel group.
60. Air Peace Orders Additional Three Embraer E195-E2 Aircraft
Air Peace, Nigeria and West Africa’s largest airline, has signed a contract for three additional Embraer E195-E2s, confirming purchase rights from the original contract, signed in April of this year. These new E195-E2s have a value of USD 212.6 million, based on Embraer’s current list prices.
61. VistaJet Orders 20 Bombardier Business Jets
VistaJet has placed firm orders with Bombardier for 20 Challenger 350 jets and options for an additional 20 Challenger 350 jets. The transaction for the firm aircraft order is valued at approximately US$518 million on 2013 list prices. If all the options are exercised, the total value of the order is approximately US$1.035 billion based on 2013 list prices. Deliveries for the Chall
62. New Project Aims to Commercialise Biofuel Made from Camelina
New Project Aims to Commercialise Biofuel Made from Camelina. The Romanian-based project aims to provide a bio-fuel made from the Camelina plant, as a renewable, sustainable substitute to fossil based jet fuel. The project is being overseen by a Romanian based Non Governmental Organisation (NGO) and Airbus is acting as the catalyst in getting the Romanian value chain for a local bi
63. Nakheel Hotels acquires 50% stake in Mexican Resort
Nakheel Hotels acquires 50% stake in Mexican Resort. Dubai-based Nakheel Hotels is to acquire a 50% stake of Mexican resort, One&Only Palmilla in Los Cabos, based on a total enterprise value of US$315 million. Nakheel Hotels is acquiring its stake from certain funds affiliated with the Whitehall Street Real Estate Funds, a series of real estate opportunity funds sponsored and mana
64. GKN to Acquire Fokker
GKN has agreed to acquire Fokker Technologies Group B.V. from Arle Capital for an enterprise value of Euro 706 million (£499 million). Fokker is a specialist Tier 1 supplier to the commercial, military and business jet markets. With almost 5,000 employees the company is headquartered in the Netherlands and has operations in Europe, North America and Asia. In the year ended 31 Dece

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