Chris Logan

British Airways Bid for BMI to Plug Asia Gaps From Korea to KL

British Airways will probably target Korea, Malaysia and other high-growth Asian markets as it examines how to make the best use of operating slots at London’s Heathrow airport on offer with the takeover of BMI.

American Airlines Parent AMR Files for Bankruptcy as Horton Is Named CEO

American Airlines parent AMR Corp. filed for bankruptcy after failing to secure cost-cutting labor agreements and sitting out a round of mergers that dropped it from the world’s largest airline to No. 3 in the U.S.

Branson Says Virgin Atlantic Has Options in Quest for Allies

Richard Branson said he’s in talks with as many as three potential suitors for Virgin Atlantic Airways Ltd. and that he’s likely to reach a decision on a partnership sometime in the next quarter.

KWV Shareholder Rejects Pioneer Food Group's Takeover Offer as `Derisory'

Pioneer Food Group Ltd. ’s 828 million-rand ($120 million) takeover offer for KWV Holdings Ltd. is “derisory” and undervalues South Africa’s second-largest wine and spirits company, said Chris Logan , a KWV shareholder.

Gulf Carriers’ Youth, 300-Plane Orders Squeeze Rivals

Emirates, Etihad Airways and Qatar Airways Ltd. say it’s their youth, not state aid, that has allowed them to put the squeeze on western rivals with almost 300 plane purchases worth $70 billion in three years.

Pick n Pay Shareholders Say Chairman's $400,000 Fee Sets `Bad Precedent'

Pick n Pay Stores Ltd. ’s proposal to pay Chairman Gareth Ackerman 3 million rand ($397,000) in the year through February 2011 was criticized by two investors, who said the fee was out of line with that paid by other South African retailers.

BMI Sells Six Slots at London Heathrow to BA

BMI will sell six daily slots for takeoff and landing at London’s Heathrow airport to British Airways as Deutsche Lufthansa AG seeks to restructure the unit.

Air France Gains on Reported $1.1 Billion Savings Plan, Possible Job Cuts

Air France-KLM Group rose as much as much as 4.1 percent in Paris trading after reports that Europe’s largest airline may seek 800 million euros ($1.1 billion) in fresh cost savings that could lead to thousands of job cuts.

European Airlines Drop After Air France Cuts Outlook

Air France-KLM Group , Deutsche Lufthansa AG and International Consolidated Airlines Group SA, Europe’s three biggest carriers, all dropped after Air France reported an unexpected quarterly loss and cut its forecast.

Lufthansa CEO ‘Shocked’ by Japan Nuclear Emergency as BA Crews Leave Tokyo

Deutsche Lufthansa AG said today that the earthquake, tsunami and nuclear crisis in Japan have left the airline industry in shock, as British Airways became the latest carrier to pull crews out of Tokyo and Cathay Pacific Airways Ltd. reported plummeting travel to the country.

"I'm not convinced that anybody would want to buy BMI as a whole and then have the problem of restructuring it."

- Chris Logan on Sep 23, 2011

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Stocks Fall on Fed Stimulus Concern While Oil, Yen Gain

U.S. Stocks Decline as Investors Weigh ADP Jobs Report

European Stocks Fall on Fed Stimulus Concern; Tesco Slips

WTI Futures Rebound as U.S. Crude Inventories Decline

Companies in U.S. Added Fewer Workers Than Forecast in May