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Boeing Co. moves into jet controls, creates new unit

Bloomberg Boeing Co. is creating a new unit that develops avionics for its commercial and military aircraft, a move that potentially pits the planemaker against suppliers such as Rockwell Collins Inc. and Honeywell International Inc. Rockwell Collins posted the biggest decline in almost six years on the news that its second-largest customer is planning a rival product lineup. Boeing Avionics ...

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Fraport refinances $235mn Turkey loan on airport revenue drop

Bloomberg Fraport AG’s Turkish joint venture is getting a loan of 200 million euros ($235 million) to repay debt for Antalya Airport after terror attacks over the past two years cut revenue, two people familiar with the matter said. The operator and its local partner will use 180 million euros to refinance an existing loan and the balance for its ...

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SoftBank fund in talks to invest $2bn in Flipkart

Bloomberg SoftBank Vision Fund, the technology investor founded by Masayoshi Son, is in talks to invest directly in India’s Flipkart Online Services Pvt, according to people familiar with the matter, after talks to fold SoftBank-backed Snapdeal into Flipkart fell apart. The fund is looking at putting between $1.5 billion and $2 billion into the largest Indian e-commerce operator within the ...

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