Singapore public transportation operator SMRT Corp Ltd is considering an 800 million pound ($1.3 billion) takeover bid for unlisted British taxi company Addison Lee, Sky News said on Saturday.
Transportation
Lufthansa cancels flights due to pilots strike; train stoppage strands millions
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.
The $40 billion jet buying spree - IndiGo's big bet
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.
Japan to roll out aerospace hope with first commercial jet in half a century
Mitsubishi Aircraft will roll out Japan's first commercial jet in more than 50 years on Saturday, amid doubts its ambition to sell more than 2,000 of the planes can match reality in the market segment.
Virgin Australia buys out Tiger Australia joint venture for nominal A$1
Loss-making budget airline Virgin Australia Holdings Ltd (VAH.AX) will buy full control of its ailing 60 percent-owned Tiger Australia Airways business for just A$1, signaling plans to cut a bloated fleet that has hobbled turnaround efforts.
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Air France-KLM is pressing ahead with expansion of its low cost brand in France and has a back-up plan if a deadlock with pilots continues, its Chairman and Chief Executive Officer Alexandre de Juniac said in an interview published on Sunday.
Airbus took a step on Friday toward opening a second plant in China by signing a letter of intent with Chinese authorities to set up a cabin completion center for its wide-body A330 jets.
European planemaker Airbus (AIR.PA) still plans to deliver its first A350 wide-body plane to launch customer Qatar Airways this year, but is aware that it is working for a "demanding" customer, its chief executive said on Friday.
British engineering company Rolls-Royce (RR.L) said airline Norwegian (NWC.OL) had selected its engines to power nine Boeing (BA.N) Dreamliner aircraft and signed up for a long-term maintenance and servicing contract worth $440 million.
Mexico's Grupo Aleman, which owns the airline Interjet, on Wednesday said it has agreed to buy Oceanografia, the bankrupt oil services company at the center of a loan scandal that cost Citigroup more than $500 million.
Boeing Co (BA.N) on Thursday announced plans to raise output of 737 jetliners beyond its already blistering production pace, saying global demand for new aircraft justifies it.
The president of Emirates airlines [EMIRA.UL] said on Thursday that demand for flights to Africa from Asia has fallen due to concerns over the Ebola virus.
Airbus (AIR.PA) looks set to win European safety certification for its newest airliner, the A350, on Tuesday, people familiar with the plans said.
Venerable old airlines Lufthansa (LHAG.DE) and Air France (AIRF.PA) know the smart money is in the low-cost market –Ryanair (RYA.I) raised its forecasts again on Thursday - but powerful labor unions are keeping them from the bounty.
