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Aircraft and mergers: European Commission clears acquisition of SAVE by DAAM, InfraVia and FIH

Brussels, Belgium - The transaction was examined under the normal merger review procedure

The European Commission has approved under the EU Merger Regulation the acquisition of SAVE SpA of Italy, by Deutsche Alternative Asset Management (Global) Limited (DAAM) of the UK, InfraVia Capital Partners of France, and Finanziaria Internazionale Holding SpA (FIH) of Italy. SAVE, which is currently controlled by FIH, operates mainly in the airport management business. DAAM, a wholly owned subsidiary...

fra/pec - 1205653

AVIONEWS - World Aeronautical Press Agency

Press releasePlanes. CJ EU: the unruly behaviour of an air passenger may constitute an "extraordinary circumstance"

Capable of exempting the carrier from its obligation to pay compensation for the cancellation or long delay of the flight

Nevertheless, the airline must, in respect of the reasonable measures that it must adopt in order to release itself from its obligation to pay compensation, ensure the re-routing of passengers as soon as possible, by means of other direct or indirect flights which may be operated by other carriers more