Source: Benzinga Feeds
Delta Air Lines, Inc. (NYSE: DAL ) traded down 1.8% Tuesday shortly after its global affiliates announced a bid for an embattled airline . In an early round of bidding against other international airlines, Air France-KLM proposed to buy a 49% stake in Malaysia Airlines. Its pitch outlined plans for a maintenance hub in the Southeast Asian nation. The circumstances of the bid are not particularly positive. Malaysia Airlines has struggled to revive booking rates since two disasters in 2014 tanked its public trust. Flight MH370 mysteriously disappeared over the Indian Ocean, and flight MH17 was shot down over Ukraine. The Malaysian government has since sought a strategic partner to restore the airline’s image. Why It’s Important With a stake in Malaysian … Full story available on Benzinga.com
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