STOCKHOLM/MADRID Troubled Scandinavian airline SAS said on Thursday it had signed a preliminary deal to sell a majority stake in its loss-making Spanair unit to a Spanish investor group, the latest step in a multi-pronged turnaround effort.
Pentair, Ingersoll warn conditions worsening
(Recasts lead, adds quotes, stock action, changes dateline from NEW YORK)
Embraer sees credit crunch hitting 2009 jet orders
SAO PAULO Brazil's Embraer , the world's third largest commercial jet maker, expects aircraft orders to decline in 2009 as credit dries up because of the global financial crisis, Chief Executive Frederico Curado said on Thursday.