27th May 2010

BA and Unite set to resume talks on Friday

As strikes by British Airways cabin crew enter their fourth day, talks are set to resume on Friday between Willie Walsh, the airline’s chief executive and Derek Simpson and Tony Woodley, joint leaders of the trade union, Unite. Mr Woodley said that he felt a meeting held between the two sides at the weekend had been the first time that real effort was being put in to resolve the situation.
If a deal is not reached at the negotiations, then the next set of strikes by BA cabin crew will commence on Monday. BA said that they are already preparing for [...]

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27th May 2010

Hertz and Avis claim antitrust approval in Dollar Thrifty bidding war

The contentious and complicated battle for the takeover of Dollar Thrifty has entered a new phase.
Hertz Global Holdings and Avis Budget Group have both raised the stakes in their ongoing bid to wrestle control over the Dollar Thrifty Automotive Group, as the issue of antitrust approval forms as the decisive factor.
Any takeover would see significant antitrust issues arise, as the merger of the USA’s fourth biggest car rental company with either of its two larger suitors would lead to unbalanced market dominance according to industry analysts. Hertz, the third-largest US rental company, has tabled an offer worth $1.2 million, while [...]

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27th May 2010

Avis and Hertz continue to fight for Dollar Thrifty

The second and third largest car hire firms in the US have raised the stakes in their fight to secure control over the fourth largest brand, Dollar Thrifty. Third largest rental firm, Hertz, has already put in a bid of $1.2 billion, and the nation’s second largest, Avis, is gearing up to put in a [...]

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27th May 2010

Hertz named as 2010 MotoGP Rental Services Provider

Dorna Sports, the company that holds the rights to the MotoGP, has signed a new agreement with leading car hire operator Hertz.
The new deal will see Hertz sign a one-year contract for the provision of equipment and car rental services for the leading motorcycle racing championship. The MotoGP is one of sport’s premier competitions, with 14 different countries visited across 18 different race tracks on four continents, while the pan-global television coverage ensures huge revenue streams for the event.
Established in 1949 by the FIM (Federation Internationale de Motocyclisme), the MotoGP is now in its 62nd successful year. It is the [...]

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27th May 2010

Bankruptcy forces Iraqi Airways to close

Iraqi Airways has been forced to cancel all flights as its country’s government announced that the state-owned flag carrier is bankrupt and will have to close down. According to Iraq’s transportation ministry, the situation has been brought about because of a war reparations dispute with neighbouring Kuwait.
Kuwait Airways claims that it is owed $1.2 billion by Iraqi Airways in reparation for aircraft and parts seized by Iraq during its 1990 invasion. Iraq’s transportation ministry said that the demise of its flag carrier was due to harassment from Kuwait. In April, lawyers acting on behalf of the authorities in Kuwait attempted to seize [...]

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