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Business 08 Jul 2019 | 5:37 AM

Boeing’s 737 Max loses first customer as Flyadeal goes to Airbus

DUBAI: Saudi Arabian budget carrier Flyadeal reversed a commitment to buy as many as 50 Boeing Co. 737 Max jets, becoming the first airline to officially drop the plane since its grounding following two deadly crashes.

Business 12 Mar 2016 | 12:00 AM

Bright outlook for aerospace business

SAM Engineering targets the segment for 80% of 2017 turnover.

Business 16 Jul 2011 | 12:00 AM

JetStar to invest US$500m0il in Singapore hub and to expand fleet

SINGAPORE: Budget airline JetStar, a unit of Australia's Qantas, plans to invest US$500mil in its Singapore hub, mostly by adding seven Airbus aircraft, according to chief executive Bruce Buchanan.

Business 02 May 2019 | 12:00 AM

Saudi budget carrier Flynas plans possible Africa, Balkan hub

Dubai: Saudi Arabian budget airline Flynas LCC plans to open a hub in West Africa or the Balkans within five years to expand beyond its oversupplied domestic market, according to the airline’s chief executive officer.

Business 01 May 2012 | 12:00 AM

Air Lease orders more 787 Dreamliners worth $1.8bil

NEW YORK (Reuters) - Aircraft lessor Air Lease Corp said on Monday it had ordered eight new Boeing 787-9 Dreamliner aircraft worth $1.8 billion at list prices for lease to Vietnam Airlines.

Business 12 Apr 2012 | 12:00 AM

Boeing bears down on 737 fuel-savings target

(Reuters) - Boeing Co on Wednesday put some finishing touches on a make-over of its popular 737 aircraft as the U.S. planemaker battles with European arch-rival Airbus to deliver fuel savings to airlines hammered by near-record oil price

Business 04 Nov 2017 | 12:00 AM

SAM plans to begin ops by next year

Component maker to start commercial production of nacelle beams for Airbus

Business 08 Mar 2016 | 12:00 AM

SAM Engineering’s RM100mil expansion, including new plant

GEORGE TOWN: SAM Engineering & Equipment (M) Bhd, an aircraft component maker, is spending RM100mil over the next two years for expansion, with the bulk of the investment going into a new plant in Penang.

Business 24 Mar 2018 | 12:00 AM

Boeing and Caterpillar share prices fall by more than 5%

FEARS of a trans-Pacific trade war tore through the world’s markets with the stock prices for major exporters like Boeing and Caterpillar plunging more than 5%.

Corporate News 03 Dec 2016 | 12:00 AM

SAM set to begin ops at new plant

Facility will help it ramp up output in 2018