Commercial Aircraft Corporation of China (COMAC) said on Wednesday it has set up a joint venture with Russia’s United Aircraft Corporation (UAC) as part of ambitious plans to jointly develop a widebody jet. The...
Rockwell Collins Bets on Smart Jets With $6.4 Billion Deal
Rockwell Collins Inc. is making its biggest-ever acquisition in a bet that airplanes will get smarter, as everything from lie-flat seats to toilet valves send live data to in-flight crews and maintenance workers. The $6...
Rockwell broadens its reach with $6.4 billion purchase of B/E Aerospace
After two years of looking to expand, aircraft component maker Rockwell Collins Inc has struck a deal to buy aircraft interior maker B/E Aerospace Inc for $62 a share in cash and stock, the companies said on Sunday. The...
Alaska Air says making ‘good progress’ on Virgin merger review
Alaska Air Group Inc (ALK.N) was making “good progress” in talks with the Justice Department on a planned merger with Virgin America Inc (VA.O), an Alaska spokeswoman said on Friday. The Seattle-based...
Air Costa in talks with foreign airlines for stake sale
NEW DELHI: Air Costa is in “advanced stages” of discussions with foreign carriers, including those from the Gulf, for a possible stake sale, as the Vijayawada-based airline seeks to spread its wings after...
Reliance-Dassault JV to execute Rafale deal
The Anil Ambani-led Reliance group on Monday said it had tied up with Dassault Aviation to help the French company spend up to $4.51 billion that it must invest in India as part of a recent fighter jet deal it clinched...
Lufthansa says board approves full takeover of Brussels Airlines
BERLIN: Lufthansa said its supervisory board has approved plans to acquire the remaining 55-percent stake in Brussels Airlines via the exercise of a call option. Lufthansa already owns 45 percent of Brussels Airlines...
Jet plans joint venture with Air France-KLM
Jet Airways is negotiating a joint venture (JV) agreement with Air France-KLM to expand its commercial co-operation with the European airline network. Jet Airways, which is co-owned by Etihad Airways, is not a member of...
Alaska Air says merger with Virgin America still on track
Alaska Air Group Inc (ALK.N) agreed this week to give the U.S. Justice Department additional time to review its merger with Virgin America Inc (VA.O), but the deal is still on track to close in the early part of the...
Lufthansa, Air China ink route joint venture deal
BEIJING: Germany’s biggest airline Lufthansa and China’s flagship carrier Air China have agreed a route joint venture deal that will allow them to sell each other’s tickets on some routes, the...
Lufthansa, Air China to finalise joint venture on Sept. 20-source
Germany’s biggest airline Lufthansa will finalise a planned joint venture with Air China at a ceremony in Beijing later this month, rounding off over two years of negotiations, a person involved in the deal said...
Air Costa denies reports of stake sale talks with Qatar Airways
MUMBAI: Southern regional carrier Air Costa Friday denied reports that it is in talks with Qatar Airways for a stake sale. “Like every company, we are on the lookout for funds. But this news of talks with Qatar...
