Alstom makes TGV high-speed trains Brussels has knocked down a proposed French-German rail merger, designed to help Europe compete with China. The EU's competition commission blocked the tie-up, saying uniting France's Alstom with the rail arm of Germany's Siemens would lead to higher prices. The firms had said the merger would create an
Mergers
Panalpina’s largest shareholder rejects DSV takeover bid
On Monday, Panalpina’s largest shareholder, the Ernst Göhner Foundation, said it does not support the non-binding proposal from Denmark-based rival DSV to purchase the Swiss forwarding giant. About two weeks ago, Panalpina’s board said that “according to its fiduciary duties,” it would review the proposal with its professional advisers. The offer,
Boeing strikes aircraft deal with Brazil’s Embraer
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
Lufthansa’s Eurowings says Air Berlin plane transfer almost done
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
Mazda vows to stay independent despite deeper ties with Toyota
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
Nigerian Airlines Merger: Operators kick against minimum benchmark of fleet to 20 Planes
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
U.S. truck firms accelerate into the merging lane
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
Maritime shipping industry could consolidate further
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
How Airlines are reacting over Airbus takeover of Bombardier CSeries and how it shook status quo
... 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 ...