Word: carriere
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...INDICATORS Blue Sky for Jumbo Deal European and U.S. regulators green-lighted the merger of Air France and Dutch carrier KLM, creating the world's largest airline and encouraging further consolidation. Alitalia also wants to join forces with Air France...
...acquisitions sector. So far this year, U.S. companies have announced deals worth five times as much as during the same period last year. But the real cliffhanger involves AT&T Wireless, the U.S.'s troubled No. 3 carrier. It wants to merge, and Arun Sarin, chief executive of British mobile giant Vodafone, has said he wants to bid. Assuming it could outbid the No. 2 player, Cingular (which upped its bid last week), Vodafone would be buying a firm that's losing market share. The bid deadline was Friday, but no one would confirm a Vodafone offer; some...
...even inked deals to begin using the Belgian hub - but no one thinks the war is over. "All Ryanair's deals with government-owned airports will have to be revisited," says Chris Avery, airline analyst at J.P. Morgan. France may prove the primary battleground. Europe's largest low-cost carrier, Ryanair shuttles in and out of 16 publicly owned airports in the country, paying discount charges to the regional airports' authorities. The Commission says it is already looking into Ryanair's deal with the southwestern town of Pau. The airline is braced for further scraps, even if its bottom line...
...cell-phone wars have taken a toll on AT&T Wireless. In the first of what could be a wave of mergers, the nation's third largest carrier announced it was up for sale. Cingular has reportedly offered $30 billion to snap it up, but other rivals are bidding too. What's in it for consumers? Analysts say that as wireless carriers consolidate, today's generous promos (a gazillion minutes, heavily discounted phones) may get more flinty. But call quality and coverage are likely to improve, since carriers that use similar technical standards (such as AT&T Wireless and Cingular...
...Clipped Wings Paying the price for two years of rapid capacity growth, low-cost airline Ryanair announced profits for the current fiscal year would plummet by as much as 10% - the Irish carrier's first profit warning since going public...