Bloomberg PT Garuda Maintenance Facility AeroAsia, a unit of national carrier PT Garuda Indonesia, plans to raise as much as $300 million in an initial share sale to fund setting up of a new unit in an island near Singapore and expand overseas. GMF AeroAsia, which conducts maintenance, repair and overhaul of aircraft for 170 customers, will offer between 20 ...

Reuters Etihad Airways has delayed the appointment of its new group chief executive to late 2017 with the hiring of a new boss nearly finalised, the airline said on Monday. In May, Abu Dhabi’s Etihad appointed executive Ray Gammell as interim Group CEO to replace veteran CEO James Hogan who left on July 1. At the time, Etihad said it ...

Bloomberg Already under pressure from discounters at home, major US airlines are facing a tighter squeeze abroad as low-cost rivals ramp up service across the Atlantic. At American Airlines Group Inc., a measure of trans-Atlantic fares just plunged 9.1 percent, the most since right after the recession ended in 2009, as European budget carriers such as Norwegian Air Shuttle ASA ...