Transportation

Investors hope to get Eastern Air Lines flying again

Applications filed with the US Department of Transportation by Easter Air Lines Group Inc in order to take the long-defunct Eastern Air back to the skies again, Reuters again.


Canada's Aimia to purchase minority stake in AirAsia-Tune Group owner Think Big

Canada-based digital media firm Aimia Inc is purchasing a minority stake in Malaysia-based firm Think Big Digital Sdn Bhd, the owner and operator of AirAsia-Tune Group's loyalty program.

Russia's Yandex invests in Multiship to boost up e-commerce platform

Russian Internet giant Yandex has invested an unconfirmed amount to acquire logistics provider Multiship to provide an easier way of delivering goods to the customers of Yandex's e-commerce platform.

French carpooling site BlaBlaCar adds Podorozhniki to tap into Russian and Ukrainian markets

In its fourth expansion via acquisition, Paris, France-based carpooling site BlaBlaCar added Podorozhniki for an undisclosed sum to tap into the market of Russia and Ukraine.


Latest News

Singapore-based shipbuilder ASL Marine Holdings agreed to acquire Miclyn Express Offshore's shipyard in Batam, Indonesia for $20 million through it subsidiary PT Sukses Shipyard Indonesia.
Kotak Private Equity is purchasing a 19% stake in offshore logistics support services firm Samson Maritime from IFC and JM Financial for Rs 150 crore, sources told The Economic Times.
San Francisco, California-based online car booking service Uber planned to venture into the Asia Pacific market and start hiring staff members across 14 cities, according to an Uber representative.
Berlin, Germany-based multi-mode travel search engine GoEuro received millions in investment in a post-seed funding round from Lakestar to expand its market footprint beyond the UK, Germany, and Spain.
Google, Apple and other tech firms in Silicon Valley will be charged $1 each time their commuter shuttles will utilize the city's bus stops, Reuters reported.
In a bid to bring home the $20 million prize money in the Google Lunar X Prize competition, Penn State launched a crowdfunding campaign on Rockethub to raise $400,000 by February to build its own moon rover prototype.
Malaysia will implement a new policy that will selectively allow foreign auto makers to manufacture small passenger cars, according to the chief executive officer of a trade ministry unit.
Richmond, Canada-based global helicopter services provider CHC Group Ltd priced the initial public offering (IPO) of its ordinary shares at $10 apiece, with the offering expected to close on January 23.
Sarasota, Florida-based investment group Pebble Aviation LLC acquired Burbank, California-based air charter and cargo services provider Ameriflight LLC for an undisclosed sum, as announced by both companies on Thursday.
New York, US-based private equity firm KKR Financial Holdings will invest over $100 million in Dublin, Ireland-based helicopter unit of Lease Corporation International (LCI) to support the latter's growth plans.
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