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Analysis-With SAS deal, Air France-KLM sets stage for battle over Portugal's TAP

Air France-KLM's decision to take a stake in Scandinavia's SAS airline offers a taste of its potential approach for the next big airline takeover battle in Europe: the fight to resuscitate Portuguese carrier TAP. Portugal's government said last Thursday it plans to sell at least a 51% stake in state-owned TAP, after the cabinet approved the legal framework for the privatisation process. Europe's national carriers have struggled to compete with low-cost airlines like Ryanair...
United States Joanna Plucinska Tim Hepher Sergio Goncalves James Halstead Sharon Singleton
Source: yahoo.com

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Jet engine maker CFM says suspect parts found in its own repair shops

PARIS (Reuters) -Jet engine maker CFM International said on Wednesday the number of engines suspected of containing falsely documented parts from a UK distributor had risen to 126, including 16 inside its own workshops after it inadvertently bought them indirectly. CFM, owned by GE Aerospace and France's Safran, issued the status report as it received documents turned over by AOG Technics on the order of a British judge, and said there had so far been no reports of any operational impact. ...
United Kingdom France General Chris Reese Jose Zamora Yrala Tim Hepher Ge Aerospace
Source: yahoo.com

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