The European Commission has cleared the acquisition of the Swissport group of companies by China's HNA Group, a deal expected to help the Swiss ground handler broaden its reach into Europe.
The Commission, the EU's executive which rules on antitrust issues, said that the proposed acquisition would not raise competition concerns because the companies' activities do not overlap.
It also said that the merged entity would not be able to shut out competing suppliers of ground handling or cargo handling services because HNA Group only had a limited share of demand for such services.
HNA Group, the owner of China's Hainan Airlines, will pay CHF2.7 billion Swiss francs (USD$2.8 billion) for Zurich-based Swissport from European private equity firm PAI Partners.
flydubai has strengthened its pilot development strategy through new partnerships with Egnatia Aviation and Skyborne Airline Academy, aimed at expanding the airline's training capacity and support...
ALSIM has announced that MH Cockpit, based in India, has acquired an AL250 simulator—marking a significant step in MH Cockpit’s expansion plans and reinforcing its ambition to build a robu...
Confidence in Asia's business aviation market is on the rise, according to new research commissioned by Airbus Corporate Jets (ACJ). Industry experts expect demand for business aircraft to grow st...
RECARO Aircraft Seating is celebrating the 80th anniversary of Scandinavian Airlines with a unique collection of 80 customized RECARO Gaming Nxt chairs created exclusively for the carrier. Repres...
