Transportation

Turkey's Atlasjet in $3 billion provisional Airbus jet order: sources

Turkey's Atlasjet has reached a preliminary deal with European planemaker Airbus (AIR.PA) to buy around 30 aircraft worth $3 billion at list prices as it expands in eastern Europe and central Asia, two people familiar with the matter said.


Cheung Kong agrees to buy stakes worth $2 billion in aircraft for leasing

Cheung Kong Holdings Ltd (0001.HK), owned by Asia's richest man Li Ka-shing, said it had agreed to buy stakes worth $2.02 billion in about 60 aircraft as part of the property firm's push into airplane leasing.

Virgin Galactic CEO sees new spacecraft ready next year

Virgin Galactic could have a new spacecraft ready to fly by next year, the chief executive of Richard Branson's space tourism company said in an interview published on Sunday, reacting to concerns about the safety of technology used in the Virgin craft that crashed last week

Takata discloses air bags with a new flaw were made from 2008-2014

Takata Corp disclosed for the first time that it began making air bags with a recently discovered flaw as early as 2008, in a report to the U.S. National Highway Traffic Safety Administration that the agency released on Saturday.


Latest News

Washington's city council approved a bill on Tuesday regulating app-based ridesharing companies such as Uber and Lyft in the U.S. capital, a council spokesman said.
Swedish aerospace firm Saab (SAABb.ST) has finalised a $5.4 billion order to sell 36 fighter jets to Brazil, one of the most valuable defense contracts up for grabs in an emerging market.
American Airlines Group (AAL.O), United Airlines (UAL.N) and other carriers reported strong third-quarter profits on Thursday, helped by falling fuel costs, and mostly shrugged off concerns that Ebola could affect their outlook.
Singapore Airlines Ltd (SIA) (SIAL.SI) is injecting cash into money-losing Tiger Airways Ltd (TAHL.SI), signalling its resolve to persevere in the low-cost segment even after the budget affiliate bowed out of three regional markets.
Boeing said on Wednesday it had sold aircraft-related goods to Iran Air in the third quarter, marking the first acknowledged dealings between U.S. aerospace companies and Iran since the 1979 U.S. hostage crisis.
Philippine Airlines (PAL) majority owner Lucio Tan is offering to buy out minority shareholders in PAL Holdings Inc (PAL.PS), the carrier's parent company, at 1.19 pesos per share, less than a quarter of the stock's current market price, regulatory filings showed.
German airline Lufthansa (LHAG.DE) is close to a deal to sell its IT infrastructure unit to IBM (IBM.N), including an outsourcing agreement for the services, as part of a shake-up of its technology activities, it said on Wednesday.
Cabcharge Australia Ltd (CAB.AX), the country's only listed taxi payment company, said it had rebuffed an approach from FleetCor Technologies Inc (FLT.N) to buy its core payments business.
German airline Lufthansa (LHAG.DE) canceled 1,450 flights after a pilots union called for a strike on Monday and Tuesday, adding to travelers' misery after millions were left stranded by a weekend-long train drivers' stoppage.
Almost four years ago a handful of people gathered in Airbus sales chief John Leahy's spacious country house outside Toulouse and argued long into the evening over curry and cigars.
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