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Article: BRIEFING - ASIA AVIATION - JAN 20, 2009.

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AsiaPulse News
Article date:
January 20, 2009
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An executive briefing on aviation for Jan 20, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

JAPANESE SEINO TO BUY SEIBU TRANSPORTATION FOR US$221-331 BLN

TOKYO - Seino Holdings Co. (TSE:9076) announced Monday a plan to acquire freight trucking firm Seibu Transportation Co., a deal that will strengthen Seino's operations in the Kanto and Kyushu regions as well as its air cargo business.

The acquisition cost is estimated at 20-30 billion yen (US$221-331 million). With successive operating losses, the Seibu Holdings Inc. unit has ...

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