News
Consortium In Talks To Buy 81 Pct Of ILFC
A private consortium is seeking to raise a USD$2.1 billion syndicated loan to back the purchase of an 81 percent stake in US insurer AIG’s aircraft leasing unit ILFC, banking sources said on Thursday. AIG said in D...
JAL May Sue Government Over Landing Slots
Japan Airlines is reserving the right to sue the Japanese government for allocating rival ANA more landing slots at Haneda airport, raising the prospect of an unprecedented battle that could batter the nation’s air...
Korean Air To Buy Boeings Worth USD$3.77 Bln
Korean Air Lines said on Thursday it would buy KRW3.98 trillion won (USD$3.77 billion) worth of aircraft from Boeing. The South Korean flag carrier said in a regulatory filing that the purchase would include five Boeing ...
Airbus Faces A380 Decisions After Orders Drop
Airbus is poised to review its A380 superjumbo after a drop in orders and has not ruled out shaving output of the world’s largest airliner while waiting for the economy to recover. Despite aggressive marketing, sal...
The Ritz-Carlton Tianjin Opens in China
The Ritz-Carlton, Tianjin, the newest luxury hotel in North East China opened its doors officiallytoday to bring unparalleled luxury service and accommodation to Tianjin – ‘The Port of the Emperor’. The art deco style...
Iberia To Return To Profit In 2014
Iberia will return to profit next year for the first time since 2010, Willie Walsh, the chief executive of parent IAG said. The Spanish airline became unprofitable in all markets, including long-haul, following its merge...
