Deals this week: Air France-KLM, PT Garuda Indonesia, Siemens

18 May 2018 (Last Updated May 18th, 2018 10:48)

Air France-KLM SA has signed a code-share agreement with Bulgaria Air to provide its passengers with increased connectivity from Bulgaria to France.

Air France-KLM SA has signed a code-share agreement with Bulgaria Air to provide its passengers with increased connectivity from Bulgaria to France.

Pursuant to the agreement, Bulgaria Air will offer flight services from Sofia, Bulgaria, to Lyon, Bordeaux and Nice in France.

PT Garuda Indonesia (Persero) Tbk has announced plans to sign a codeshare agreement with PT Sriwijaya Air to provide more flight options to their customers and strengthen their network.

The deal will enable Garuda’s passengers to access the Sriwijaya-operated Indonesian Yogyakarta-Palembang route network.

It will allow Garuda to operate the Jakarta-Semarang flight for the Jakarta-Sampit via Semarang route in Indonesia, as well as allowing Sriwijaya to operate on the Semarang-Sampit route.

“TCI Fund Management Ltd and Talos Capital Limited have issued four million shares of Spanish airport management firm Aena SME SA to raise gross proceeds of €696.5m.”

Siemens Postal, Parcel & Airport Logistics has received a contract to deliver and install a tray-based baggage handling system and software at the International Airport of Bangkok in Thailand.

To be installed at the new satellite terminal, the baggage handling solution will increase the airport’s baggage handling capacity to 10,800 units an hour.

The system can reach peak speeds of up to 10m/s over the 950m route.

Dutch heavy-lifting and transport firm Mammoet has received a contract from Turkish firm Limak Insaat to support construction activities at Kuwait International Airport.

Mammoet will perform transportation and installation works for the new $4.3bn terminal project as part of the deal.

Work includes installation of all precast sections, including 804 concrete elements each weighing between 200t and 360t.

Work will be executed using 72 axle lines of self-propelled modular transporters and nine crawler cranes with a capacity of 600t to 1,600t.

TCI Fund Management Ltd and Talos Capital Limited have issued four million shares of Spanish airport management firm Aena SME SA to raise gross proceeds of €696.5m ($827.8m).

The shares are priced at €174.12 ($206.94) each.

TCI and Talos Capital together will hold an 8.29% stake in Aena upon completion of the transaction.