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Nidec and Embraer receive approval for joint venture to develop Electric Propulsion System

WIL BALDWIN October 5, 2023

Kyoto, Japan, October 6, 2023 - Japan’s Nidec Corporation (OTC: NJDCY) and Brazil’s Embraer (NYSE: ERJ) welcome the unconditional approval from all necessary regulatory authorities for the establishment of their joint venture, Nidec Aerospace LLC.…

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AirAsia Group Welcomes Dr. Stanley Choi as Substantial Shareholder

WIL BALDWIN February 28, 2021

AirAsia Group Berhad (Kuala Lumpur: 5099.KL) is pleased to announce that Dr. Stanley Choi Chiu Fai has joined the Group as a substantial shareholder via his wholly-owned entity Positive Boom Ltd. on 18 February 2021.…

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British Airways Plans to Sell Shares and Avoid Bailout

WIL BALDWIN July 26, 2020

British Airways is scrapping all its Boeing 747 jumbo jets. It’s cutting capacity to prepare for years of weak demand for air travel. Now Reuters sources say owner IAG has a plan to get its…

GSV Bids $2.5 Billion for Malaysia Airlines

WIL BALDWIN April 7, 2020

FILE PHOTO: A Malaysia Airlines plane is seen at Kingsford Smith International Airport in Sydney KUALA LUMPUR (Reuters) - Privately held Golden Skies Ventures (GSV) has made a $2.5 billion offer to fully take over…

United Airlines to Present at Morgan Stanley 7th Annual Laguna Conference

WIL BALDWIN September 8, 2019

CHICAGO, Sept. 6, 2019 /PRNewswire/ -- United Airlines will present at the Morgan Stanley 7th Annual Laguna Conference on Thursday, Sept. 12. United Airlines' President Scott Kirby will present at the conference beginning at 12:15 p.m. PT / 3:15 p.m. ET. The live webcast will…

Brookfield, GIC to Buy Railroad Owner Genesee & Wyoming

WIL BALDWIN July 1, 2019July 1, 2019

July 1 (Reuters) - Canada's Brookfield Asset Management Inc and Singaporean sovereign wealth fund GIC on Monday agreed to buy U.S. freight railroad owner Genesee & Wyoming Inc for about $6.4 billion in cash. Brookfield…

United Technologies & Raytheon to Create Defense Giant

WIL BALDWIN June 10, 2019June 14, 2019

United Technologies, Raytheon to create $120 billion aerospace and defence giant (Reuters) - United Technologies Corp agreed on Sunday to combine its aerospace business with U.S. contractor Raytheon Co and create a new company worth…

JetBlue Adds New Livery Dedicated to the Boston Bruins

WIL BALDWIN May 13, 2019May 13, 2019

BOSTON--(BUSINESS WIRE)-- JetBlue (NASDAQ: JBLU), Boston’s largest airline and the Official Airline of the Boston Bruins, today revealed a brand new livery dedicated to Boston’s professional hockey team and six-time Stanley Cup winner. The Airbus…

WestJet To Be Taken Private In C$3.5 Billion Cash Deal

WIL BALDWIN May 13, 2019May 13, 2019

(Reuters) - Canada's WestJet Airlines Ltd said on Monday it will be acquired by private equity firm Onex Corp in an all-cash deal for C$3.53 billion ($2.63 billion). Including debt, the deal is valued at…

Airbus Shares Take Off After Bumper Beijing Order

WIL BALDWIN March 26, 2019March 26, 2019

FILE PHOTO: The Airbus logo is pictured at Airbus headquarters in Blagnac near Toulouse, France, March 20, 2019. REUTERS/Regis Duvignau PARIS (Reuters) - Airbus shares rose on Tuesday after the European planemaker won a deal…