Lufthansa close to deal with IBM for IT infrastructure unit

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BERLIN/FRANKFURT - German airline Lufthansa is close to a deal to sell its IT infrastructure unit to IBM, including an outsourcing agreement for the services, as part of a shake-up of its technology activities, it said on Wednesday.

Boeing and Chinese partner to make jet fuel from 'gutter oil' 8:28am BST

BEIJING - Aircraft makers Boeing and Commercial Aircraft Corp of China have launched a joint pilot project to turn used cooking oil into jet fuel.

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After huge jet orders, budget airlines eye rich seam of aircraft leasing 21 Oct 2014

SINGAPORE/PARIS - From Scandinavia to Southeast Asia, low-cost airlines have ordered record numbers of planes in recent years, redefining the jet industry. Now they plan to lease out scores of their new planes, re-ordering the aviation business all over again.

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Airbus offers long-range version of A321neo, targets Boeing 757 21 Oct 2014

- Airbus Group NV said on Tuesday that it has begun offering airlines a long-range version of its A321neo jetliner, aimed at replacing Boeing Co's 757 jetliner, a long-range single-aisle jet that is no longer in production.

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Lufthansa pilots threaten more strikes as long haul hit 21 Oct 2014

FRANKFURT/BERLIN - Lufthansa pilots threatened to call further strikes this week after the latest stoppage in a dispute over retirement benefits grounded two-thirds of its flights on Tuesday.

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Air France KLM, Delta, Alitalia offer concessions to settle EU probe 21 Oct 2014

BRUSSELS - Skyteam alliance partners Air France KLM , Delta Air Lines and Alitalia have offered to give up slots at three airports and made other concessions to try to settle an EU antitrust investigation, the European Commission said on Tuesday.

GKN says on track for growth in 2014 21 Oct 2014

LONDON - British engineering company GKN said it was on track for growth in 2014 after posting a 6 percent rise in third quarter profit, driven by strong performances in its aerospace and automotive units.

Lufthansa says strike results in 1,511 cancelled flights 20 Oct 2014

FRANKFURT - Lufthansa has cancelled 1,511 flights as a result of a strike being held by pilots that runs until midnight on Tuesday, a spokesman for the airline said on Monday.

Pilots extend Lufthansa strikes to long-haul flights 20 Oct 2014

FRANKFURT - German pilots union VC called a strike at Lufthansa on Oct. 21 targeting the airline's long-haul flights, in addition to strikes for the carrier's short and mid-length routes announced for Monday and Tuesday.

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The $40 billion jet buying spree - IndiGo's big bet 19 Oct 2014

NEW DELHI/PARIS - Almost four years ago a handful of people gathered in Airbus sales chief John Leahy's spacious country house outside Toulouse and argued long into the evening over curry and cigars.