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- Edition: 1431
Headlines
Contents Etihad may buy 24% of Jet Airways
Etihad Airways is likely to buy a stake of about 24 percent in Jet Airways for about US$297 million later this week, a senior official in India's civil aviation ministry said.
Investigators still unable to find cause of 787 fire
Further testing still has not found the cause of a battery fire aboard a Boeing Co 787 Dreamliner in Boston earlier this month, the National Transportation Safety Board said, reported Reuters.
AMR seeks court nod for $750m in aircraft financing
American Airlines parent AMR Corp is asking a bankruptcy judge to let it arrange for US$750 million in financing to buy as many as four Boeing 777-323ER jets later this year, reported Dow Jones Newswires.
Fraport interested in new Istanbul Airport
German airport operator Fraport is interested in expanding in the Turkish market and will study the bidding process for Istanbul's planned new airport, a spokesman said, reported Dow Jones Newswires.
Cosco expects large 2012 loss
China Cosco Holdings, the country's largest shipping company by fleet size, said it expects to report a large net loss for 2012, marking the second year of losses in a row and an imminent downgrading of the status of its yuan-denominated A shares by the
CMA CGM sells stake
in terminal business
CMA CGM, the world's third-largest container shipper, is to sell a 49 percent stake in its Terminal Link division for US$535 million to China Merchants Holdings (International).
Indonesia's logistics costs to rise by 3%
Indonesian Logistics Association (ALI) has predicted that logistics costs in the country will increase by about three percent this year following a rise in port fees resulting from port operators' service expansion, reported The Jakarta Post.
Cargotec to appoint new CEO from Finnair
Finnish cargo-handling equipment maker Cargotec said its new chief executive would be Finnair's Mika Vehvilainen, the man credited with leading a turnaround at the airline.
Former EADS Co-CEO may return as chairman
Philippe Camus, who helped found European Aeronautic Defence & Space Co (EADS), has supporters for a bid to return as the Franco-German company's chairman, as it implements a shareholding shake-up, French newspaper Le Figaro reported, citing sources
| | EasyJet chairman to step down in summer
EasyJet chairman Mike Rake will step down this summer, the budget airline said, ending a fight by its founder and largest investor to oust him because of his expanding role as deputy chairman of Barclays, reported Reuters.
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