News
Nation’s Special Aircraft are landed for G20 summit , Australia
The 2014 G-20 Australia summit will be the ninth meeting of the G-20 heads of government. It will be held in Brisbane, the capital city of Queensland, Australia, on 15 and 16 November 2014. The hosting venue will be the Brisbane Convention & Exhibition Centreat South Brisbane.
Virgin Australia unveils business class suites for A330 fleet.. !!(Opens in a new browser tab)
The Leaders’ Summit is the most important event in the G20 year. The summit provides a valuable opportunity for leaders to discuss a wide range of global economic issues and to use their collective power to improve people’s lives. The summit is informed by the policy discussions held throughout the year. At the end of the summit, leaders release a communiqué which outlines the G20 policy discussions and commitments.
Friday 14 November 2014 will be a public holiday for people who work in the Brisbane local government area. The G20 summit will put the city and its businesses at the centre of world events, providing important opportunities to promote tourism, build international networks and highlight the best of what Brisbane has to offer.
Indian Plane at G20 Summit
Saudia Cargo contains with security vehicles
Saudi plane in Brisbane. G20 in Brisbane
Canada plane
Vladimir Putin’s plane in Brisbane. G20 in Brisbane.
Indonesia’s plane in Brisbane. G20 in Brisbane
South Korean plane in Brisbane. G20 in Brisbane.
American President Barack Obama with his Air Force One
US Secretary of Treasury’s plane in Brisbane. G20 in Brisbane
Argentina’s plane in Brisbane. G20 in Brisbane
Germany’s plane in Brisbane. G20 in Brisbane.
Saudi plane in Brisbane. G20 in Brisbane
French plane in Brisbane. G20 in Brisbane.
Mexican plane in Brisbane. G20 in Brisbane.
China’s plane in Brisbane. G20 in Brisbane.
Brazilian plane in Brisbane. G20 in Brisbane.
Japan’s plane in Brisbane. G20 in Brisbane.
Canada plane
Australian plane carrying Prime Minister Tony Abbott in Brisbane. G20 in Brisbane.
Spain’s plane in Brisbane. G20 in Brisbane
Kiwi’s plane in Brisbane. G20 in Brisbane.
Plane carrying President Jacob Zuma from South Africa in Brisbane. G20 in Brisbane.
Following Countries leaders are attending the G20 Summit
Facts and importance of G20 summit
For more information
www.G20.org
Airlines
Alaska Airlines Acquisition of Hawaiian Airlines Reshapes the Air Travel Landscape
Alaska Air Group, Inc. (NYSE: ALK) and Hawaiian Holdings, Inc. (NASDAQ: HA) jointly announced today the execution of a definitive agreement, signifying Alaska Airlines’ acquisition of Hawaiian Airlines at a cash price of $18.00 per share. The total transaction value stands at approximately $1.9 billion, encompassing Hawaiian Airlines’ net debt of $0.9 billion.
The combination of complementary domestic, international, and cargo networks
This strategic union is poised to open up an array of additional destinations, providing consumers with increased choices in crucial air service options across the Pacific region, Continental United States, and globally.
The transaction is anticipated to establish a robust platform for growth and competition in the U.S., offering enduring employment opportunities, ongoing community investments, and a commitment to environmental stewardship.
Key Points:
- Acquisition Overview:
- Fleet Expansion and Network Reach:
- Creates the fifth-largest U.S. airline with a fleet of 365 narrow and wide-body airplanes.
- Enables access to 138 destinations through combined networks and over 1,200 destinations via the oneworld Alliance.
- Hub Development and Connectivity:
- Honolulu to become a key hub for the combined airline, offering expanded services to the Continental U.S., Asia, and the Pacific.
- Tripling the number of destinations from Hawai‘i to North America, while maintaining robust Neighbor Island service.
- Commitment to Hawai‘i:
- Strong commitment to Hawai‘i, ensuring robust Neighbor Island air service.
- Aiming for a more competitive platform supporting growth, job opportunities, community investment, and environmental stewardship.
- Employee and Union Commitment:
- Commitment to maintaining and growing the union-represented workforce in Hawai‘i.
- Immediate value creation with at least $235 million of expected run-rate synergies.
- Investor Call and Timeline:
- Investor conference call scheduled for today at 5:00 p.m. ET / 2:00 p.m. PT / 12:00 p.m. HT.
- Anticipated closing of the transaction within 12-18 months.
- Strategic and Financial Rationale:
- Complementary networks to enhance competition and provide greater choice for consumers.
- Preservation of both Alaska and Hawaiian Airlines’ brands on a single operating platform.
- Expected to deliver high single-digit earnings accretion for Alaska Airlines within the first two years.
- Community and Sustainability Commitment:
- Focus on growth in union-represented jobs and strong operational presence in Hawai‘i.
- Commitment to environmental stewardship, aligning with Alaska Airlines’ five-part path to net zero by 2040.
- Synergies and Accretion:
- Expected run-rate synergies of at least $235 million.
- Transaction multiple of 0.7 times revenue, approximately one third the average of recent airline transactions.
- Conditions to Close:
- Approval by regulatory authorities and Hawaiian Holdings, Inc. shareholders.
- Expected to close in 12-18 months, with the combined organization based in Seattle under the leadership of Alaska Airlines CEO Ben Minicucci.
-
Aviation2 months ago
New EU Carry-On Rules Begin September 2024: What to Expect
-
Aviation1 month ago
Boeing confirms 797: A New Era for Mid-Size Aircraft
-
Aviation1 month ago
Lockheed and Tata Team Up to Build C-130J MRO Facility in India
-
Aviation3 weeks ago
Microsoft Flight Simulator Raises $3 Million to Bring Back the An-225 Mriya
-
Tech1 month ago
China Developing Jet to Travel Anywhere in Two Hours
-
Aviation2 months ago
Meet WindRunner: The World’s Heaviest and Largest Aircraft Ever Built
-
Aviation2 months ago
Comac C919 Moves Closer to Securing EU Certification with EASA
-
Aviation2 months ago
Is HAL Planning to Fit the Rafale’s M-88 Engine into Tejas?