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.
April 27, 1989 |
United Airlines ordered $15.74 billion worth of airplanes Wednesday, the biggest order by an airline in U.S. commercial aviation history, and handed Boeing Co. its largest single chunk of business ever. The order by United, which has lagged behind its competitors in acquiring new aircraft and has lost business as a result, is for 370 Boeing jets. It includes 120 firm orders and 130 options on Boeing 737 aircraft and 60 firm orders and 60 options for Boeing 757s. Stephen M. Wolf, chairman and president of the airline and UAL Inc., its parent, acknowledged at a news conference in Chicago that United had lost ground in the marketplace and said the purchase marks a commitment to "grow and compete in vigorous fashion.
April 11, 1989 |
A new South Korean airline with plans for service to Europe and North America announced Monday a deal worth about $1 billion to buy nine Boeing Co. jetliners and take options on seven more. Including the new agreement with fledgling Asiana Airlines, Seattle-based Boeing has announced orders for 110 jetliners worth $8.7 billion so far this year. Asiana, based in Seoul, began operations within South Korea on Dec. 23. It said it will use its new jets to expand to other Asian markets and eventually to North America and Europe.
May 25, 1990 |
Japan Air Lines, which already owns more Boeing 747s than any other airline in the world, Thursday placed firm orders for 20 of the latest 747-400s and took options on 34 more in a transaction that could ultimately be worth $9.34 billion. If all of the options are exercised, the last of the planes would delivered in 1999. JAL has already taken delivery of five 747-400s and is awaiting delivery of 15 others from an earlier order. The orders will give an important boost to the U.S.
February 5, 2013 |
Air Lease Corp., the Century City aircraft-leasing firm, has placed a $9-billion order for Airbus jetliners. The deal, based on aircraft list price, includes an order for 25 A350 XWB wide-body passenger jets, which compete with Boeing Co.'s grounded 787 Dreamliner. Air Lease also ordered 14 smaller A321neos. Airbus announced the deal Monday. "The A350 XWB family is becoming the industry benchmark for efficiency in the long haul segment, and the A320neo family is ideal for airlines operating short-to-medium-haul missions," Air Lease Corp.
July 23, 2000 |
Airbus Industrie is about to make the riskiest gambit in its long war against Boeing Co.--betting against tough odds that it can build the world's biggest jetliner and supplant its American rival as the No. 1 commercial jet builder. The European consortium could announce this week at the Farnborough Air Show in Britain the first firm orders for its all-new, 550-seat airliner known as the A3XX, officials say. Already several airlines have publicly stated interest in buying the double-deck flying behemoth but none have plunked down the hard cash to begin the program.
July 11, 2002 |
An oil and gas investment operation that claimed it would benefit from rising energy prices after Sept. 11 has been ordered to repay $1.3 million to 65 investors, the Securities and Exchange Commission said Wednesday. In a settlement filed Monday in federal court in Los Angeles, Texon Energy Corp. and Lonestar Petroleum Corp. did not admit or deny guilt. The SEC said it is unclear whether the companies, which are in receivership, have enough assets to repay the investors fully.
CALIFORNIA | LOCAL
March 6, 1997 |
A Calabasas-based construction company was ordered to pay $20,000 in restitution to five former employees, whom prosecutors said the company failed to pay adequately for a publicly funded earthquake repair job. Ande Contractors Inc. executives entered a plea of no contest Tuesday in Los Angeles Municipal Court to five counts of failing to pay prevailing wages to workers on a Northridge earthquake-recovery construction project. The defendants also were placed on three years' probation.
June 12, 1998 |
Harrison Digicom Inc.'s Saigon ETMC unit received a contract to assemble and deliver 3,000 Avicom laptop computers to VCP Ltd., Ho Chi Minh City, Vietnam. Terms weren't disclosed. Harrison Digicom, a Costa Mesa provider of telecommunication services, said it will deliver the computers by the end of the year. The company also said it may sign an agreement with VCP to distribute for Avicom laptop computers.
July 26, 1997 |
A defunct Huntington Beach investment firm that has been accused of swindling elderly clients of $25 million in an oil-lease scam has been ordered to pay $122,197 to a Lakewood woman. An arbitration panel for the National Assn. of Securities Dealers found that Pacific Coast Financial Services Inc., its owners and a subsidiary defrauded Winifred Brown, an 80-year-old legally blind widow, of most of her savings. The award is to be paid by Pacific, its Beacon Energy Inc.