June 11, 2012 |
Warren Buffett's Berkshire Hathaway Inc. will buy as many as 425 planes from Bombardier Inc. and Textron Inc.'s Cessna in a deal valued at $9.6 billion as the billionaire investor bets on an increase in luxury travel. The transaction covers as many as 275 Bombardier Challenger aircraft, including 100 firm orders, Berkshire's NetJets unit said Monday. The Cessna portion of the transaction consists of as many as 150 Citation Latitude jets, of which 25 orders are firm, according to NetJets.
March 2, 2011 |
NetJets Inc., the business jet operator owned by Warren Buffett's Berkshire Hathaway Inc., said it placed a record order for as many as 120 Bombardier Inc. planes in anticipation of a rebound in luxury travel. The agreement, worth more than $6.7 billion at list prices, comprises 50 firm orders and 70 options, NetJets said Wednesday. Bombardier said it's the largest business aircraft sale in the company's history. How much Columbus, Ohio-based NetJets will pay for the aircraft, which will be delivered starting in the fourth quarter of 2012, wasn't disclosed.
July 23, 2010 |
Acrobatic fighter jets, gangly robotic aircraft and menacing attack helicopters jockeyed for the spotlight at the Farnborough International Airshow in England this week. But the biggest attention-grabbers at one of the world's largest aerospace showcases were staid businessmen in gray suits ordering billions of dollars worth of passenger jets. After one of the worst years ever for the aviation industry, airlines and aircraft leasing companies went on a buying spree, announcing orders worth nearly $30 billion, or more than three times last year's tally at the Paris Air Show.
January 12, 2010 |
Dear Karen: I'm shooting educational foreign language videos. Where can I get information on pricing, Internet sales and grants? Answer: Write a simple business plan and you'll learn about all the issues you must address as a start-up business owner. Diligent research -- online and at your local library -- can help you answer questions about pricing structure, sales and funding, all of which will come up in the planning process, said Bryan Howe, chief executive of MasterPlans, a professional business planning firm based in Portland, Ore. A business plan will also make you confront important issues you might not otherwise think of, such as intellectual property protection.
August 11, 2008 |
A bus run by the same company linked to a deadly Texas crash and being used by pilgrims heading to the same festival as the 17 victims was pulled out of service because it was unauthorized to operate, officials said. The bus was removed from operation in Carthage, Mo., where members of three Vietnamese Catholic congregations in Houston were headed when their bus blew a tire and skidded off the highway, said Debbie Hersman, spokeswoman for the National Transportation Safety Board. The Federal Motor Carrier Safety Administration ordered Iguala BusMex Inc. and Angel Tours Inc. to cease commercial operations, finding that the companies posed an "imminent hazard."
July 9, 2007 |
Boeing Co. unveiled its first fully assembled 787 on Sunday to an audience of thousands who packed into its wide-body assembly plant for the plane's extravagantly orchestrated premiere. With flight attendants on stage from each airline that has ordered the jet, the giant factory doors opened wide as the plane slowly moved into view to the strains of a song composed specially for the 787, which Boeing calls the Dreamliner.