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...Since then, as well as agreeing to buy Presidio, it has made a series of large investments including buying snack company Shearer’s Foods. CD&R and BC Partners declined to comment....
...Minneapolis-based Castlelake is a specialist lender with a focus on aircraft leasing, providing financing for large airlines including United Airlines and Turkish Airlines that is secured against their planes...
...Leahy said that in recent years CD&R had “never really been able to do a consumer deal”, adding: “They’ve all been retail deals and also we’ve never really done a leisure or consumer services deal.”...
...Since the C919’s inaugural commercial flight in May last year, only five aircraft have come into service domestically, all of them delivered to majority state-owned China Eastern Airlines....
...It is also working on a shorter-range hydrogen-powered aircraft expected to enter service in 2035....
...Over the past 10 years the size of its buyback scheme dwarfs both its R&D spend and the buyback schemes from peers, adding up to a total of $658bn, according to data from S&P Global....
...CD&R bought MFG for £500mn nearly a decade ago....
...“Each aircraft will be returned to service only after completion of full maintenance and safety inspections,” said Ben Minicucci, the airline’s chief executive, in a statement....
...There are 215 Max 9 aircraft in service globally, according to data from aviation consultancy Cirium....
...The airline said its technical operations team will fix the problem “to safely return the aircraft to service”....
...Five out of six crew members are missing from a Japan Coast Guard aircraft that collided with a Japan Airlines passenger jet at Tokyo’s Haneda airport, officials said....
...Société Générale: Shares in the French financial services group rose 4.5 per cent after it announced a deal with Saham Group to sell Société Générale Marocaine de Banques and La Marocaine Vie in a transaction...
...Finally, Indonesia remains heavily dependent on the import of goods and services....
...It has brought in a retired Navy admiral, Kirkland H Donald, to review its quality management systems....
...lump sum that includes those purchases alongside “personal usage of corporate aircraft, relocation expenses [and] employee recognition gifts”....
...US transportation secretary Pete Buttigieg has said no grounded Boeing Max aircraft would return to service until they are safe as the plane maker’s chief executive disclosed that the blowout on a flight...
...The 171 Max 9 jets grounded after the Alaska incident are expected to return to service soon....
...A global order backlog of almost 15,000 aircraft will take many years to fulfil....
...Becker cited RSM’s own history as a reason for not wanting to follow suit. For 12 years until 2011, the firm — then known as RSM McGladrey — was part of the publicly listed tax preparer H&R Block....
...Today’s moves come a few weeks after the EU fined Apple more than €1.8bn for stifling competition from rival music streaming services in a long-running case dating from 2021....
...Even before a door panel blew off an Alaska Airlines 737 Max 9 aircraft mid-flight in January, Boeing had been the subject of a string of safety and operational controversies in its commercial aircraft division...
...Turkish Airlines has ordered more than 200 Airbus aircraft as part of a “milestone” agreement worth tens of billions of dollars to boost Istanbul’s role as an international hub and bolster Turkey’s already...
...Val Miftakhov, chief executive of Anglo-American start-up ZeroAvia, which has received £15mn in grants to develop hydrogen-electric aircraft engines, said the UK excelled in early R&D....
...Pencil in Airbus’s current pre-R&D profit per plane, which Sash Tusa, partner at Agency Partners, puts at €10mn across all lines. The project would make a respectable IRR of 14 per cent....
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