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...The suspected sale of falsely documented parts which has affected a small portion of older engines sold by CFM, the GE-Safran joint venture, has added to the challenges for engine makers....
...Comac is highly reliant on western suppliers for key components including engines supplied by the Franco-American venture CFM International and auxiliary power units supplied by US-based Honeywell, making...
...The company is expected to announce shortly the names of airlines that have agreed to fly with the engines....
...Honda’s local venture announced it was suspending manufacturing for the rest of March, following similar shutdowns by Toyota and Suzuki’s local units....
...Africa’s most successful carrier has worked around the obstacle by partnering with other airlines through joint ventures and acquiring stakes....
...His comments follow strong words from bosses at rivals United Airlines and Alaska Airlines. The comments illustrate the growing frustration in the airline industry with Boeing. 5....
...Alex Irving, analyst at Bernstein, said SAS had missed out by not being part of a large network or global joint venture and so had been left as a “subscale airline”....
...AmexGBT was spun off into a joint venture in 2014 by American Express, and the company went public via a merger with a blank cheque company backed by Apollo Global Management in 2022....
...The safety issues linked to AOG’s parts relate to the CFM56 engine, which is made by CFM International, the joint venture between France’s Safran and GE of the US....
...Four big carriers — American Airlines, United Airlines, Delta Air Lines and Southwest Airlines — together control about 80 per cent of the market....
...The Gulf state’s airlines have continued services to Tel Aviv even as other carriers cancelled flights, underscoring the interest in maintaining the relationship with Israel....
...We’re also entering the thick of the earnings season with US companies picking up the pace, notably tech ventures Tesla, Intel, Netflix, IBM and Seagate....
...Airlines and hotels are sniffing around too, for replacements for products that do not have stringent safety needs, he added....
...The catalyst for all of these ventures was his time studying at the University of Oxford’s Saïd Business School....
...Delta has a joint venture with Latam and was among shareholders that provided funds towards a $5.4bn cash injection as part of a restructuring last year....
...The company left that segment more than a decade ago when it pulled out of a joint venture with Pratt & Whitney of the US....
...Tata is also seeking regulatory permission to merge Vistara, its airline joint venture with Singapore Airlines, into Air India....
...Late to the party Japan is betting on semiconductors via a joint venture by government-backed Rapidus and IBM....
...Union leaders in Argentina’s aviation industry have said they will fiercely resist incoming President Javier Milei’s plans to privatise state airline Aerolíneas Argentinas....
...At the same time, they are forming EV battery joint ventures with non-unionised companies where workers are paid less than unionised counterparts....
...Up and down the high street, if shoppers do venture into a store, it’s getting harder to find decent service....
...The Mavericks have a 50 per cent stake in their arena, the American Airlines Center, which it shares with local NHL franchise the Dallas Stars....
...Rolls-Royce left the market for single-aisle aircraft more than a decade ago when it pulled out of a joint venture with Pratt & Whitney of the US....
...But for now the sector is still reliant on venture capital for its financing as profitability can't be guaranteed....
...Although the airline industry is already trying to mitigate its environmental impact in terms of its operations, “we as an airline community have to do more than we’ve done in the past”, he added....
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