Delta Air Lines , the world's biggest carrier, is in talks to invest in struggling Japan Airlines Corp and become its top shareholder, Japanese media said on Friday.
All Nippon Airways Co said it plans to issue shares to raise up to $1.9 billion to shore up its battered finances and buy five more of Boeing Co's long-delayed Dreamliners.
Global airlines were warned on Tuesday of significant falls in traffic due to the outbreak of swine flu, and their shares took another hit on fears that the fallout could be at least as bad as that of the 2003 SARS crisis.
Japan's Nikkei stock average rose 0.5 percent on Thursday, a day after closing at its lowest in nearly four months, with exporters leading the market higher after the dollar climbed above 93 yen for the first time in six weeks.
The weaker yen boosted tech shares such as Kyocera Corp as well, while automakers such as Honda Motor Co gained on short covering.
But inve...
As Brazil becomes one of the world?s major players in investment
opportunity, airlines are vying to offer new flights and routes.
American Airlines launched service from Miami (MIA) to Recife (REC) and
Salvador da Bahia (SSA) on Nov. 2 and to Belo Horizonte (CNF) on Nov.
4. Delta Air Lines inaugurated daily flights from Atlanta (ATL) to Rio
de Janeiro (GIG) and Manaus (MAO) in late November, alo.....
Boeing Co. has been swamped with compensation demands after it announced the third major delay in six months of its new 787 Dreamliner plane.
All Nippon Airways Co. (ANA) said on Thursday it had suspended all flights using 14 Q400 aircraft made by Canada's Bombardier Inc after the Canadian government said the craft must be inspected.
Plagued by a series of safety lapses, Japan Airlines is putting together an exhibition of wreckage from a 1985 plane crash in what top executives said was a big push to raise awareness about safety among its employees.
