Wednesday, August 10, 2011
Sunday, August 7, 2011
Sources said the deal, struck last week after negotiations over the past year, became urgent after MAS' poor showing in the last two quarters.
Fernandes is set to get 20% of MAS equity under the deal that is to be signed next week, with some sources saying it had already received the Government's approval and could be inked by Monday.
Industry players expressed surprise at the deal because of past animosity between the management of the two airlines.
Those who were aware of the negotiations were also surprised at the speed at which it was concluded. [The Star]