The two aircraft makers have been discussing for months a transaction in which a new company. Boeing has agreed on a deal that will give it control of Embraer's commercial jet business. The proposed joint venture will give the US aerospace giant a significant stake in the market for smaller passenger planes. Boeing
The BEST fare seats are seen inside an Airbus A340-300 of Eurowings, a low-cost airline and fully owned subsidiary of German Lufthansa Group, as Eurowings opens a new route from Duesseldorf to New York, in Duesseldorf, Germany, April 27, 2018. REUTERS/Wolfgang Rattay Lufthansa’s budget carrier Eurowings expects the transfer of planes from
Detroit (Reuters) - Japan’s Mazda Motor Corp on Wednesday said that while it is deepening its development and production partnership with Toyota Motor Corp, the small automaker would remain a company independent from its much bigger rival. Mazda and Toyota last week said they will build a $1.6 billion joint assembly plant
Airline operators have kicked over the proposal to benchmark the minimum planes a local airline should have in its fleet to 20. The operators, apparently miffed by the call made by Aviation Safety Round Table Initiative (ASRTI), described it as "mere talks" that does not correspond to the economies of
A transport truck passes through the Allegheny Mountain Tunnel in Somerset County, Pennsylvania, U.S. on September 3, 2017. Picture taken on September 3. The consolidation of the U.S. trucking industry is picking up speed, with big trucking companies and private equity funds scooping up smaller firms as a U.S. regulatory mandate
It's time to pull together Maersk Chief Operating Officer Soren Toft said that as growth in the shipping industry slows, merger and acquisition activity may begin to pick up again, according to a report from the Straits Times. The trend of mergers and consolidations in the maritime shipping industry in recent years
... Delta says Bombardier CSeries delivery schedule unclear ... Lufthansa says CSeries' future more sustainable after Airbus deal, expects to benefit from it ... Air Baltic says hopes Bombardier-Airbus deal does not affect pricing ... French Government, UK Business Minister welcome deal ... Boeing says Bombardier CSeries jets may face hefty duties despite Airbus deal ...