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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 18 Jun 2019 | 11:29 PM

AirAsia to convert 253 orders for Airbus A320neo planes to larger A321neo

PARIS: AirAsia Group has decided to convert 253 orders for Airbus' A320neo planes to the larger A321neo model, making AirAsia the world's largest customer for the A321neo, but is not yet ready to order the new longer-range version.

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 08 Apr 2019 | 12:00 AM

SAM ramps up production

GEORGE TOWN: SAM Engineering & Equipment (M) Bhd (SAMEE) is ramping up production at its facilities in Penang and Singapore this year to fulfil its RM3.1bil order book.

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%.

Business 28 Dec 2017 | 2:05 PM

Airbus seals RM22bil AerCap order for 50 A320neo planes

PARIS: European planemaker Airbus sealed on Thursday a formal order from AerCap for 50 Airbus A320neo planes, in a deal worth an estimated US$5.4bil (RM21.95bil) at list prices.

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