Galileo International's initial public offering on the New York Stock Exchange raised US$784 million, giving the company a market value of $2.45 billion. Galileo acquired the Traviswiss distribution company for $8 million in July.

The Sabre Group is to install its passenger reservation, yield management, passenger control, frequent flyer and revenue accounting systems at Middle East Airlines.

Atraxis has signed a US$16.5 million software licensing agreement with Garuda.

Racal Avionics has bought British Airways' aeronautical information operation, Aeread, for US$8.1 million.

Pratt & Whitney and SIAEngineering Company have formed a joint venture to overhaul commercial aircraft engines in Singapore.

Swissôtel, SAirGroup's hotel management company, is to sell 99 per cent of its equity holdings in its four UShotels.

Monarch Aircraft Engineering has won a long-term contract to carry out all 'C' checks on Canada 3000's fleet of six Boeing 757s and six A320s.

British Aerospace Aviation Services is to carry out heavy maintenance on Pan Am's fleet of A300B4s.

BMEngineering is to perform maintenance checks on Virgin Atlantic's B747s and A340s at London/Heathrow.

Thomson-CSF and Siemens are merging their air traffic management activities in a joint venture company called Airsys ATM. Thomson will hold a majority 60 per cent stake.


Source: Airline Business