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Avolon to focus on integrating CIT

  Bloomberg Avolon Holdings Ltd., the plane-leasing business of China’s acquisitive HNA Group, is focused on integrating CIT Group Inc.’s aircraft assets following the $10 billion takeover and will consider more purchases only after 2017, Chief Executive Officer Domhnal Slattery said. The acquisition, announced last week, expands Avolon’s lineup to 910 aircraft including planes on order and propels it to ...

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Air passengers with Samsung Note 7 face fines in USA

  Bloomberg Airline passengers who try to carry Samsung Electronics Co. Note 7 smartphones on flights will have them confiscated and may face fines under an emergency U.S. order that significantly expands restrictions on the devices linked to almost 100 incidents of overheating and fires. The devices won’t be allowed aboard passenger or cargo aircraft even if they’ve been shut ...

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US tries to revive Syria peace plan with fresh talks

  Lausanne / AFP Pessimistic envoys from the United States, Russia and Syria’s neighbours met on Saturday in Switzerland as Secretary of State John Kerry tried to revive hopes of a ceasefire for the war-torn country. The talks marked Kerry’s first encounter with his Russian opposite number Sergei Lavrov since a US and Russian-sponsored truce collapsed last month amid a ferocious ...

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