India Renews Plan to Sell Off Air India
The Indian government is in the market to sell its stake of Air India - and on Monday set a March 17 deadline for initial expressions of interest. Indian conglomerate Hinduja Group and US-based fund…
Category: Finance News
Brazil Antitrust Regulator Gives Nod to Boeing-Embraer Deal
The Boeing logo is displayed on a screen, at the NYSE in New York BRASILIA (Reuters) - Brazilian antitrust regulator Cade on Monday approved Boeing Co's <BA> purchase of Embraer SA's <ERJ> commercial aviation division…
Delta Launches Innovative Solution for Pet Travel
Delta is ushering in a new best-in-class travel experience for pets and their owners with the exclusive launch of CarePod. The introduction of this state-of-the-art pet travel carrier, which provides many industry-leading features including real-time…
American Airlines Reports Q4 and Full-Year 2019 Profit
FORT WORTH, Texas — American Airlines Group Inc. (NASDAQ: AAL) today reported its fourth-quarter and full-year 2019 financial results, including these highlights: Fourth-quarter 2019 earnings were $0.95 per diluted share. Excluding net special items1, earnings…
Ford Expects $2.2 Billion Pre-Tax Hit Related to Pension Plans in fourth quarter
FILE PHOTO: The corporate logo of Ford is seen at Brussels Motor Show (Reuters) - Ford Motor Co <F> said on Wednesday its fourth quarter results will be hit by a pre-tax loss of about…
Boeing’s New CEO Orders Rethink on Key Jetliner Project
LONDON/CHICAGO (Reuters) - Boeing Co's new chief executive has sent the aerospace giant back to the drawing board on proposals for a new mid-market aircraft, effectively shelving in their current form plans worth $15 billion-$20…
What Air France-KLM’s Bid For Malaysian Airlines Stake Could Mean For Delta
Delta Air Lines, Inc. (NYSE: DAL) traded down 1.8% Tuesday shortly after its global affiliates announced a bid for an embattled airline. In an early round of bidding against other international airlines, Air France-KLM proposed to buy a 49% stake…
Brazil’s GOL Sees 737 MAX Flying by April, Compensation Talks Ongoing
DUBLIN (Reuters) - Brazilian low-cost carrier GOL, which has 130 of Boeing's grounded 737 MAX jets on order, expects to be flying the jet by April and hopes to secure a compensation deal within months,…
United Beats Wall Street Expectations Despite 737 MAX Delays
CHICAGO (Reuters) - United Airlines Holdings Inc <UAL> on Tuesday beat Wall Street estimates for quarterly profit and held to its 2020 profit target, with a turnaround strategy overseen by its outgoing CEO underpinning growth…
Avolon CEO Says Green Airlines Should Pay Less to Lease Planes
DUBLIN, Jan 20 (Reuters) - Airlines with the best environmental scores should pay less for leasing aircraft than more polluting competitors, the head of one of the world's top leasing companies said on Monday. The…