PDP COURT HEARING OVER PRO-WIKE FACTION SUIT ADJOURNED TO JAN 14.(PHOTO).
PDP court hearing over pro-Wike faction suit adjourned to Jan 14 The Federal High Court in Abuja on Friday adjourned the hearing of a suit by the pro-Wike faction of the PDP challenging the Ibadan National Convention until January 14, 2026. The adjournment followed a motion by the opposing faction, led by Kabiru Turaki, seeking the recusal of Justice Joyce Abdulmalik over alleged bias. The court held the motion was not yet ripe for hearing, as some parties had not been served. The suit involves disputes over party leadership recognition, access to PDP headquarters, and INEC’s acknowledgment of party representatives. A related counter-suit by the Turaki-led faction was also adjourned to January 16.
Alaska Air Group Inc {ALK.N} said today monday that it would buy Virgin America Inc {VA.O} for $2.6 billion to become tthe top carrier on the U.S West Coast and compete more effectively with larger airlines.The deal appears to end what Alaska Air Chief Executive Officer Brad Tilden called a hard fought competition to purchase Virgin America.JetBlue Airways Corp {JBLU.O} had also made an offer for the offshoot of billionaire Richard Branson's London based Virgin Group,which had become famous for its mood lighting and media rich entertainment on flights.According to Deutsche Bank analyst Michael Linenberg wrote in a recent research note that,The deal would create the fifth largest U.S airline after a decade of mergers that have shrunk the industry to a handful of companies.The top four control more than 80 percent of the U.S travel market.Virgin America accounts for about 1.5 percent of U.S domestic flight capacity,while Alaska Air and its Horizon Air subsidiary account for 5 percent.Shares of Alaska Air were down 4.6 percent at $78.22 in morning trading,while Virgin America jumped 40 percent to $54.47.That was still below the $57 percent share bid,which represents a premium of about 86 percent from Virgin America's stock price before reports in March that the airline was considering a sale.More photos below.
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