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: Asia News
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…
Volkswagen to Buy 20% of Chinese battery maker Guoxuan
Volkswagen logo is seen on a Teramont X SUV displayed at the second media day for the Shanghai auto show in Shanghai HONG KONG/BEIJING (Reuters) - Volkswagen AG <VWAGY> is set to take a 20%…
Jet Airways to Sell Netherlands Business to KLM
A Jet Airways vehicle leaves the company's headquarters in Mumbai BENGALURU (Reuters) - Bankrupt Indian airline Jet Airways Ltd said it had agreed to sell its assets in Netherlands to Dutch airline KLM. If the…
Ford’s Vehicle Sales in China Tumble for Third Consecutive Year
SHANGHAI (Reuters) - Ford Motor Co's <F> China vehicle sales fell for a third consecutive year, by 26.1%, as it battles a prolonged overall sales decline in its second-biggest market that has hit demand for…
GM to Revive Hummer Name with Electric Pickups, SUV’s
Workers leave the General Motors CAMI car assembly plant where the GMC Terrain and Chevrolet Equinox are built in Ingersoll WASHINGTON (Reuters) - General Motors Co <GM> will revive the Hummer name to sell a…
China’s Bid to Challenge Boeing and Airbus Falters
BEIJING/PARIS (Reuters) - Development of China’s C919 single-aisle plane, already at least five years behind schedule, is going slower than expected, a dozen people familiar with the programme told Reuters, as the state-owned Commercial Aircraft…
United Airlines to Record $90 Million Charge Related to Hong Kong Routes
(Reuters) - United Airlines Holdings Inc <UAL> said on Tuesday it expects a non-cash impairment charge of $90 million in the fourth quarter related to its Hong Kong routes, following anti-government protests in the city.…
BOC Aviation Orders 20 More A320neo Aircraft
Singapore-based lessor BOC Aviation Limited has placed a firm order with Airbus for 20 A320neo aircraft. Up to 12 of the newly-ordered aircraft will be leased to Colombia’s Avianca Airlines. Featuring the widest single-aisle cabin…
Toyota to Build Prototype City of the Future in Japan
Akio Toyoda, president of Toyota Motor Corporation, speaks at a news conference, where he announced Toyota's plans to build a prototype city of the future on a 175-acre site at the base of Mt. Fuji…