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Business

Aircraft distributorship to boost DRB-HICOM earnings

DRB-HICOM Bhd, which has won a three-year rights to distribute the Russian-made I>BE-200/Iamphibious plane, expects the deal to contribute significantly to its bottom line, said group chairman Tan Sri Mohd Saleh Sulong.

Business

MAS set for reboot?

AT a recent townhall meeting, the senior management team at Malaysia Airlines (MAS) was told of a plan to reset the airline.

Business

Aircraft distributorship to boost DRB-HICOM earnings

DRB-HICOM Bhd, which has won a three-year rights to distribute the Russian-made I>BE-200/Iamphibious plane, expects the deal to contribute significantly to its bottom line, said group chairman Tan Sri Mohd Saleh Sulong.

Business

Boeing, Lockheed, Sikorsky eye $15B helicopter win

WASHINGTON (AP) - Executives at Boeing Co. and Lockheed Martin Corp. said Tuesday they expect the Air Force to remain on schedule for awarding a disputed $15 billion helicopter contract, although they don't anticipate official word until the end of December.

Business

KKR nears partial exit from RM8.35bil helicopter firm

KUALA LUMPUR: KKR & Co is nearing a deal to exit part of its stake in Weststar Aviation Services Sdn Bhd, South-East Asia’s biggest provider of helicopters for the offshore energy industry, people with knowledge of the matter said.

Business

KKR nears partial exit from Weststar

KUALA LUMPUR: ?The private equity firm is in advanced talks to sell a portion of its 40% Weststar holding to the company’s controlling shareholder, businessman Tan Sri Syed Azman Syed Ibrahim, people with knowledge of the matter said.

Business

Lockheed looks past oil slump for gain from Sikorsky deal

CHICAGO: Lockheed Martin Corp knew falling oil prices would dent drillers’ demand for heavy-lift Sikorsky helicopters as it paid US$9bil for the storied manufacturer last year. It just didn’t anticipate the extent of the crude collapse, chief executive officer Marillyn Hewson said in an interview.

Corporate News

Chinese investment into M'sia to exceed US$2bil

KUALA LUMPUR: Investments from Chinese companies into Malaysia is expected to exceed US$2bil this year driven by the establishment of the Malaysia-China Kuantan Industrial Park, said Chinese Ambassador to Malaysia Dr Huang Huikang.

Business

Centre to service fighter jets set up

IRKUT Corp will establish a maintenance centre for servicing SUKHOI fighter jets in Malaysia by 2006, according to president Alexey I. Fedorov.

World

Mexico Pemex blast death toll rises to 32, cause unclear

MEXICO CITY (Reuters) - The death toll from an explosion at the Mexico City headquarters of Mexican state oil company Pemex has risen to 32, but the cause of the incident is still unclear, the company said on Friday.