Dec 12- Insurer American International Group is in talks to sell its jet-leasing finance business to AerCap Holdings NV, according to reports. Netherlands- based AerCap, the world's largest independent aircraft lessor, may team up with other bidders for International Lease Finance Corp, the reports said.» Read More
WASHINGTON, Aug 1- A leak in Exxon Mobil's nearly 70- year-old Pegasus pipeline, which spilled thousands of barrels of crude oil in a small Arkansas town in March, was caused by an original manufacturing defect according to an initial review, U.S. regulators said on Thursday.
SINGAPORE, Aug 1- Garuda Indonesia has delayed the launch of its first direct Jakarta- London service by six months due to the capital's ageing airport in another example of creaking infrastructure hitting business in Southeast Asia's largest economy.
FRANKFURT/ DOHA, July 31- A Qatar Airways 787 Dreamliner grounded last week amid reports of a problem with an electrical panel in the aircraft has resumed flying, the airline said on Wednesday. The jet, known as A7-BCB, landed in Frankfurt 20 minutes behind schedule at 2:00 pm after an almost six-hour flight from Doha, and passengers reported a normal flight.
HONG KONG, July 31- China's largest bulk shipper, China COSCO Holdings Co Ltd, may sell some of its $1.6 billion in property assets to avoid a delisting after it flagged a first-half loss, weighed down by a global shipping industry slump.
Stock picker Martin Sass told CNBC that airlines "are in a seminal change to profitability, finally." He likes one stock in particular.
Chrysler posted a 16 percent rise in second-quarter earnings and its CEO said he expects stronger numbers in the second half—though results are still expected to miss targets.
*India's FIPB gives conditional approval- official. NEW DELHI, July 29- India's foreign investment regulator gave conditional approval on Monday for a $379 million deal by Abu Dhabi's Etihad Airways to buy a stake in Jet Airways Ltd, paving the way for more deals in the country's domestic aviation sector.
PARIS/ SINGAPORE, July 29- Boeing has asked airlines to inspect up to 1,200 aircraft across its fleet to gather data on Honeywell emergency beacons that have come under scrutiny following a fire on a parked 787 Dreamliner two weeks ago.
NEW DELHI, July 29- India's foreign investment regulator gave conditional approval on Monday to a $379 million deal by Abu Dhabi's Etihad Airways to buy a stake in Jet Airways Ltd, paving the way for more acquisitions in the domestic aviation sector.
PARIS, July 29- Boeing said it had asked airlines using Honeywell fixed emergency beacons to inspect the devices on most of its worldwide fleet to gather data for regulators following a recent fire on board a parked 787 Dreamliner.
Boeing named a new chief engineer for its troubled 787 Dreamliner as part of a management shake-up in its commercial airplane division.
July 26- Republic Airways Holdings Inc said on Friday it has reached a nonbinding deal to sell its Frontier unit, sparking a 5.6 percent rise in its shares. Republic did not identify the buyer but referred to it as a third party.
*Qatar Airways plane has not flown since Sunday- Flightaware. *'Minor issue, not an incident'- Qatar Airways spokeswoman.
SAO PAULO, July 26- Early signs of weakening demand for bigger business jets will keep pressure on Brazilian planemaker Embraer SA, executives said on Friday, as economic growth slows in China and competition remains fierce in the United States.
*Southwest profit fell as expenses rose. *United, Southwest, Delta, US Air see revenue growth ahead. July 25- Lower costs helped United Continental report higher-than-expected second-quarter profit on Thursday, but Southwest Airlines said its earnings fell on rising expenses and lower demand for travel.
July 25- Police raided the Canadian offices of Montreal, Maine& Atlantic Railway on Thursday in their investigation into the train crash earlier this month that destroyed the center of the small town of Lac-Megantic, Quebec, and killed 47 people.
July 25- Police raided the Canadian offices of Montreal, Maine& Atlantic Railway on Thursday as part of their investigation into a train crash earlier this month that destroyed the center of the small town of Lac-Megantic, Quebec, and killed 47 people.
July 25- American Roads LLC, the privately owned operator of the international border crossing tunnel that links Detroit to Windsor, Ontario in Canada filed for bankruptcy on Thursday, citing reduced traffic.
A train derailment shut down the Port of Tampa in Florida on Thursday morning around 1 a.m. local time, which caused no reported injuries.
July 25- The U.S. Federal Aviation Administration on Thursday instructed airlines to remove or inspect emergency beacons in Boeing Co's 787 Dreamliners, following a fire earlier this month that was traced to one of the units, made by Honeywell International Inc..
A new study by the National Highway Transportation Safety Administration found that Americans have a need for speed.
Mary Barra's success rests on whether she can make GM more competitive, profitable and live up to its potential.
GM is dropping Chevy as its primary brand for mass-market vehicles in Europe and making Opel its mainstream line.