Yesterday, at 1:30 p.m. Tokyo time, a long-standing desire of Carlos Ghosn was fulfilled. Ghosn’s life work, the Renault-Nissan Group, can be called World’s Largest Automaker, for the first half of the year, at least. The man who had similar urges, Volkswagen’s Martin Winterkorn, now lives in infamy. His company
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Delta, Air France-KLM, Virgin Atlantic, and China Eastern announce a billion-dollar mega-deal
Delta and China Eastern have each purchased 10% of Air France-KLM. While Air France-KLM has purchased Virgin Group's 31% stake in Virgin Atlantic. Developing Story - On Thursday, Delta Air Lines and China Eastern Airlines announced that they have each purchased 10% of Air France-KLM. Delta and China Eastern's stake in Air France-KLM
ONLINE-SHOPPING ENERGIZES UPS IN SECOND QUARTER
DALLAS (AP) -- If you buy diapers online later this year, UPS begs you to avoid placing the order right around Thanksgiving or Christmas. To drive home the point, the company with the big brown trucks will impose special surcharges for shipments during peak holiday weeks. UPS executives gave more details about
Ethiopian Airlines signs up for $651.4m B777Fs aircraft
Ethiopian Airlines has announced a deal to purchase two Boeing 777 freighter aircraft in Paris, France as it continues to expand rapidly its cargo operations. The deal is valued at $651.4m at list prices and follows on from an order for ten B737 Max 8 passenger aircraft announced recently. The freighter
Air France-KLM acquire 31% of Virgin Atlantic
British tycoon Richard Branson is to sell his majority ownership of Virgin Atlantic. The French-Dutch airline Air France-KLM announced Thursday it was taking a 31 percent state in Britain’s Virgin Atlantic for 220 million pounds ($287 million, 246 million euros). The deal which would last for at least 15 years is worth
UK Car Production Slumps 14% In June
Help! Slow Air Liberalization Is Hurting Africa’s Aviation – ICAO
The slow pace of implementation of the liberalization of air transport in Africa, otherwise known as Yamoussoukro Decision, has led to an adverse effect on the development of civil aviation in the continent, President, International Civil Aviation Organisation (ICAO), the global aviation regulatory body, Dr. Olumuyiwa Bernard Aliu, has said. The Yamoussoukro
Grab, Uber rival in Asia raising $2.5bn in new financing
Southeast Asian ride-hailing firm Grab said Monday it expects to raise $2.5 billion in financing, mostly from China’s Didi Chuxing and Japan’s Softbank, as it strengthens its lead over rival Uber. Didi, China’s ride-hailing leader, and mobile giant SoftBank will invest up to $2.0 billion while $500 million is expected to
Nigeria’s Innoson Motors to export 400 locally made vehicles to Mali
Nigeria's Charge‘d Affair in Mali, Yara Abdulsalam, says an indigenous motor manufacturing company, Innoson Motors, has signed MoU with a Malian firm to export 400 locally made vehicles to Mali. Abdulsalam made the announcement on Friday in Abuja when he led a delegation of businessmen from Mali to visit the Foreign Affairs
