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ATP and WTA mull merger due to Saudi threat

NEW YORK: Men’s professional tennis body, the ATP, and women’s counterpart, the WTA, are discussing a merger, reported dpa news agency quoting a report by Britain’s Telegraph newspaper on Sunday.  The report said a two-day summit was to be held in London at the end of September to discuss the issue. According to the report, […]

Stellantis is born

Peugeot and Fiat complete their merger PARIS: The merger of France’s PSA and US-Italian rival Fiat Chrysler becomes official on Saturday, creating Stellantis, the world’s fourth-biggest automaker by volume. The long-awaited 50/50 tie-up, which was delayed by the Covid-19 pandemic, is seen as crucial for the two groups to undertake the investment necessary to transition […]

Thai AirAsia considers merger

BANGKOK: Thai AirAsia Co Ltd (TAA) is considering to merge with another low-cost carrier to clamp down on pricing wars as the Covid-19 pandemic has severely impacted the aviation sector. TAA executive chairman Tassapon Bijleveld told Bangkok Post that if tourism activities did not resume in the country by July, the company would begin laying off its employees, […]

Malaysia Airlines, AirAsia merger unlikely

KUALA LUMPUR: Aviation is among the sectors hardest hit by the Covid-19 pandemic, possibly driving many airlines into technical bankruptcy. For Malaysia’s major airlines, experts say a rescue plan is a must but merger is an unlikely option. Shukor Yusof, head of aviation consultancy Endau Analytics, said a merger between Malaysia Airlines Bhd (MAB) and AirAsia Group would harm Malaysian consumers by creating a monopoly on […]