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Australia’s Qantas to secure new airplanes from both Airbus and Boeing

WIL BALDWIN August 23, 2023

(Reuters) - Australia's Qantas Airways (OTC: QABSY) on Thursday announced an order for 24 widebody aircraft, the final piece of the company's jet fleet renewal program, and said the move is aimed at replacing its…

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Air New Zealand Outlines Requirements for Low Emissions Turboprop Aircraft

WIL BALDWIN December 20, 2021

By Jamie Freed - Reuters news... (Reuters) - Air New Zealand Ltd said on Tuesday it had outlined requirements to suppliers as part of plans to replace its fleet of De Havilland Canada Dash 8…

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Tesla to set up electric car manufacturing unit in southern India

WIL BALDWIN February 13, 2021

From Reuters News by By Bhargav Acharya and Aakriti Bhalla... BENGALURU, India, February 14 (Reuters) - Billionaire Elon Musk's Tesla, Inc. (Nasdaq: TSLA) will set up an electric-car manufacturing unit in the southern Indian state…

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Lockheed Martin Inks $4.4B Deal to Acquire Aerojet Rocketdyne

WIL BALDWIN December 20, 2020

From Reuters News - Reporting by Mike Stone in Washington, D.C., Editing by Greg Roumeliotis Dec 20 (Reuters) - Lockheed Martin Corp (NYSE: LMT) said on Sunday that it has agreed acquire U.S. rocket engine…

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Mercedes-Benz Berlin Plant Boss to Join Tesla

WIL BALDWIN November 11, 2020

FRANKFURT (Reuters) - The head of the Berlin engine plant run by Mercedes-Benz has defected to rival Tesla <TSLA>, German union IG Metall said on Wednesday, calling on employees to protest over his departure. IG…

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French Airbus Workers Sign Key Restructuring Deal

WIL BALDWIN October 12, 2020

FILE PHOTO: The logo of Airbus is pictured at the entrance of the Airbus facility in Bouguenais, near Nantes, France, July 2, 2020. REUTERS/Stephane Mahe/File Photo TOULOUSE, France (Reuters) - Major French unions on Monday…

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Cash-Strapped El Al Israel Airlines Raises $148 Million

WIL BALDWIN September 17, 2020

TEL AVIV, Sept 16 (Reuters) - Cash-strapped El Al Israel Airlines raised $148 million in a government-mandated share offering on Wednesday that will enable it to receive a state bailout package. In a regulatory filing…

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Delta Launches $6.5 Billion Debt Deal Backed by Frequent Flyer Program

WIL BALDWIN September 14, 2020

CHICAGO, Sept 14 (Reuters) - Delta Air Lines said on Monday it is seeking to raise $6.5 billion through new bonds and loans backed by its SkyMiles loyalty program, further bolstering liquidity to weather a…

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Air France-KLM’s Future in Doubt Without Cost Cuts – Dutch minister

WIL BALDWIN September 13, 2020

AMSTERDAM (Reuters) - Air France-KLM <AF.PA> might not survive its current crisis if the airline group cannot lower its costs, Dutch Finance minister Wopke Hoekstra said on Sunday. "The survival of Air France-KLM is not…

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VW Not Seeking Deal With Tesla – CEO Diess

WIL BALDWIN September 7, 2020

FRANKFURT, Sept 7 (Reuters) - Volkswagen's Chief Executive Herbert Diess on Monday sought to quell speculation that the world's largest carmaker, which is on a mass production push for electric cars, has plans to develop…