Company Watch - FL Group.Jan 8, 2007 FL Group acquires 6% of American, transfers Sterling to new consortium. Serial airline investor FL Group was busy over the holidays, announcing that it had purchased a 5.98% stake in American Airlines American Airlines Major U.S. airline. American was created through a merger of several smaller U.S. airlines and incorporated in 1934. It continued to buy the routes of other airlines, becoming an international carrier in the 1970s; its routes include South America, the parent AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. Corp. for more than $400 million and selling LCC (Leadless Chip Carrier, Leaded Chip Carrier) See leadless chip carrier, CLCC and PLCC. 1. LCC - Language for Conversational Computing. Written at CMU in the 1960's. Sterling Airlines for [euro]210 million ($277 million) in cash and a three-year shareholder loan to Icelandic consortium Northern Travel, of which FL Group is a member. Jan 3, 2007 FL Group now is American Airlines parent AMR's third-largest shareholder with 12.8 million shares. It said it has been building the stake "for a considerable period of time" and made the announcement once it exceeded the 5% reporting threshold. Jan 3, 2007 FL Group sold stakes in Icelandair and easyJet last year and holds 23% of Finnair. Acquired in late 2005 following its merger with Maersk Air, Sterling was the last of FL's wholly owned airline subsidiaries. Northern Travel, comprising Fons (44%), FL (34%) and Sund SUND Sudden unexplained nocturnal death, see there (22%), will be a "major force" in travel and tourism in Northern Europe, Smarason said. The sale includes the entirety The whole, in contradistinction to a moiety or part only. When land is conveyed to Husband and Wife, they do not take by moieties, but both are seised of the entirety. of Iceland Express, 51% of UK-based Astraeus and portions of Swedish and Danish travel agencies. Jan 3, 2007 Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Jan 1, 2007 |
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