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...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...
...But it already has a large UK operation that builds the wings for its larger commercial aerospace programmes and analysts believe it will not be keen to add another....
...United chief executive Scott Kirby earlier this week said he was reconsidering a large order for the Max 10, the largest Max variant that is also awaiting FAA certification....
...Kirby said the problems with the Max-9 meant United, one of Boeing’s biggest customers, was rethinking a large order for Boeing’s newer, larger Max 10 aircraft, production of which is running years behind...
...Attorney-general Merrick Garland noted that Apple’s net income — which was $97bn in 2023 — “exceeds the GDP of more than 100 countries”, in large part because of the success of the iPhone....
...The company’s operating businesses, which span the BNSF railroad, Geico insurer and aircraft parts maker Precision Castparts, reported a 41 per cent rise in profits to $10.8bn....
...United Airlines and Air India have also placed large orders recently with the flagship US manufacturer....
...His capital-intensive strategy contrasts with market leader NetJets, which sells fractional ownership where customers pay for the jets....
...Blade plans to use Helijet to start a helicopter service between Seattle and Vancouver, two large tech industry hubs where it eventually expects a high willingness to try the nascent EVA technology....
...Its sales rebounded 29 per cent from a year earlier to $2.3bn as global air travel picks up and airline demand for new aircraft booms....
...Delta is also trying to reduce the time aircraft are out of service for maintenance....
...Law enforcement officers found large volumes of data that had been taken from Apple when they searched his California residence in 2018....
...But it will now focus first on aircraft equipped with a more luxurious four-seat cabin for wealthy buyers and private-jet operators such as NetJets....
...The SpaceJet programme, which received investment from large Japanese companies including Toyota, Sumitomo, Mitsui and other Mitsubishi group companies, represented a high-profile national endeavour to return...
...Most of the category leaders — NetJets, VistaJet and XO (both owned by Vista Global Holding), Wheels Up, Flexjet and their ilk — offer versions of both fractional aircraft ownership and jet-card subscriptions...
...For several years, for instance, these companies have shipped large quantities of industrial materials and equipment on ships from Russia through the port of Douala in Cameroon....
...AIG has gone through several bouts of restructuring since its $185bn taxpayer rescue during the 2008 financial crisis, selling businesses in areas from consumer finance to aircraft leasing....
...So has NetJets, which has reported the highest demand for flying in its near 60-year history and is investing about $2.5bn in 100 new aircraft....
...Berkshire’s many operating companies, which include ice cream purveyor Dairy Queen, the Geico insurer, and private jets operator NetJets, nonetheless had a banner year....
...Affixed to the belly of the Perseverance rover, the small aircraft arrived on the red planet in February 2021. Within the defence industry, the company is known for its unmanned drones....
...The modified aircraft will keep its four conventional turbines, while a fifth engine, adapted for hydrogen, will be mounted on the rear fuselage. The number of technical challenges are large....
...Goldman bankers traditionally eschewed ostentation, and when the chief executives used private aircraft they rented them from NetJets....
...AIG has been undergoing bouts of restructuring since its $185bn taxpayer rescue during the 2008 financial crisis, selling off assets in areas such as aircraft leasing and consumer finance....
...A version of this article was first published by Nikkei Asia on March 8. ©2022 Nikkei Inc. All rights reserved....
...US airlines reported in recent earnings calls that business travel was running at about 60 per cent of pre-pandemic levels for United and Delta and only 40 per cent for large corporations flying on American...
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