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Ctrip has taken a board seat via its investment, and it said in a statement that it may increase its shareholding over the next twelve months.
The deal is part of a wider cooperation between Ctrip and the airline, which say they will team up on "low-cost transportation solutions, international air travel, IT technology, travel insurance, and e-commerce". Ctrip has taken a board seat via its investment, and it said in a statement that it may increase its shareholding over the next twelve months.
"British Airways has no plans to increase its shareholding in Qantas," said Amanda Poole, a spokeswoman for British Airlines.
Baring Asia's decision to increase its shareholding is a fantastic endorsement of the potential of the Cath Kidston brand and I would like to welcome Bill Flanz.
"British Airways has never indicated to the Qantas board or management a desire or intention to increase its shareholding in Qantas," said Geoff Dixon, the company's chief executive-designate.
It is thought that BBC Worldwide, the corporation's commercial arm that has first refusal and can, in effect, exercise control over who buys the stake, is keen to increase its shareholding in UKTV as part of the deal.
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The Board's second approach to the jurisdictional question was to inquire whether the letter agreement, which would permit Toolco to increase its shareholdings up to 80% of the outstanding shares of TWA, represented such a change in extent or effectiveness of control as to give the Board jurisdiction and require its consent.
In a statement last week, he said his company "is considering possible options, which may include increasing its shareholding or decreasing it.
Meanwhile Axa increased its shareholding in Kingfisher by 3m shares to 5.05%.
AAR remains committed to the successful development of TNK-BP including potentially increasing its shareholding in the business.
"A.A.R. remains committed to the successful development of TNK-BP including potentially increasing its shareholding in the business".
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