U.S. DoJ closes investigation of pending acquisition of Midwest Air Group

The U.S. Department of Justice (DOJ) has closed its investigation of the pending acquisition of Midwest Air Group by Midwest Air Partners, LLC, an affiliate of TPG Capital. As a result, the parties are able to close the acquisition in compliance with the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The acquisition is expected to close January 31, 2008. As previously announced, the transaction was approved at a special meeting of Midwest shareholders on October 30, 2007. Completion of the acquisition is subject to the satisfaction of customary closing conditions.

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JetWorks Leasing to adopt the name SkyWorks Leasing

JetWorks Leasing will adopt the name SkyWorks Leasing effective immediately. JetWorks was founded in 2004 as an affiliated company of SkyWorks Capital to concentrate on asset management, operating leasing and related services whereas Capital is focused on a wide array of financial advisory services to the commercial aviation and aerospace industries. During the past three years, SkyWorks and JetWorks have co-marketed their services, stressing the synergies offered by the two companies. In addition, Capital last year entered into a joint venture with Air China Development Corp. (Hong Kong) Ltd. and Swire Pacific Ltd. to create SkyWorks Capital Asia in Hong Read more

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Continental Airlines to offer live television and e-mail on domestic flights

Continental Airlines has entered into an agreement with LiveTV, that will allow Continental to offer 36 channels of live, inflight satellite-based television programming provided by DIRECTV, the nation’s leading satellite television provider, at every seat on Continental’s new generation aircraft. The service is expected to be available to customers on flights operating within the continental United States beginning in January 2009. In addition, Continental will be introducing onboard Wi-Fi services including e-mail and instant messaging connectivity offered by LiveTV.

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Teamsters back out of FedEx home delivery election

The Teamsters voluntarily canceled an organizing election scheduled for February 1, 2008 at the FedEx Home Delivery facility in Worcester, Massachusetts. The withdrawal signals a defeat for the union, which was seeking to organize FedEx owner operators in Worcester. This is the Teamsters

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TUI Travel plans to merge Germanwings, Eurowings and TUIfly

TUI Travel PLC has signed a Memorandum of Understanding with Deutsche Lufthansa AG and Albrecht Knauf Industriebeteiligung GmbH, allowing the parties to proceed with plans to merge their subsidiaries Hapag-Lloyd Fluggesellschaft GmbH, Hapag-Lloyd Express GmbH, Germanwings GmbH and Eurowings Luftverkehrs AG under a joint and independent holding company. The prerequisites for the conclusion of legally binding agreements will be a due diligence process and negotiations of the specific details. The merger will require approval by the relevant bodies of the companies involved and by the anti-trust authorities.

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Virgin America and Revision3 partner to bring web-TV to the skies

Virgin America and Revision3, the Internet TV network built for the web generation, are partnering to bring original, cutting-edge web-based television programming to guests on the next generation carrier’s flights. Revision3 programming on Virgin America will make its debut this March and will be available on the airline’s flights to New York, San Francisco, Los Angeles, Washington D.C., Las Vegas, San Diego and Seattle.

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