JAL's CEO to step down under board pressure

Article Abstract:

Toshiyuki Shinmachi, JAL of Japan is to step down as President and Chief Executive Officer in a management reshuffle. The airlines has experienced some safety mishaps whch has reduced customer support and market share. Haruka Nishimatsu has been appointed as Mr. Shinmachi's successor.

Japan, Executive changes & profiles, Officials and employees, Appointments, resignations and dismissals, Company Profile, Nishimatsu, Haruka, Shinmachi, Toshiyuki

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Virgin to purchase stake in Malaysian air carrier

Article Abstract:

Virgin Group Ltd. announced it will purchase a stake in Malaysia's start-up airline Fly Asian Xpress Sdn. Bhd., also known as FAX. Virgin Group declined to discuss the size or value of the stake. FAX intends to adapt the low-cost airline model to apply to long-haul flights.

Strategy & planning, Financial management, Securities issued, listed, Malaysia, United Kingdom, Planning, Company investment, Investments, Securities, Company securities, Company business planning, Virgin Group Ltd.

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Korean Air to buy 25 Boeing planes

Article Abstract:

Korean Air is purchasing 25 airplanes from Boeing Co., at a value of $5.5 billion. The addition of these planes will help Korean Air achieve its objective of becoming one of the world's top airlines.

Contracts & orders received, Facilities & equipment, Contracts & orders let, Guided Missiles, Space Vehicles, Parts, United States, South Korea, Equipment and supplies, Contracts, Aerospace industry, Contract agreement, Boeing Co., BA, Korean Air Lines Company Ltd.

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