Safran makes an offer for Collins Aerospace’s flight control systems business

Safran makes an offer for Collins Aerospace’s flight control systems business

LONDON, July 21 (Reuters) – French aerospace group Safran (SAF.PA) said on Friday it had made a cash offer to buy the flight performance and control businesses of Collins Aerospace in a deal valued at $1.8 billion to become a leader in critical cockpit functions. Safran said the purchase would be accretive to earnings per … Read more

Focus: Shifting trends in travel demand bedevil US airlines

Focus: Shifting trends in travel demand bedevil US airlines

A general view of Philadelphia International Airport in Philadelphia, Pennsylvania, U.S., June 17, 2023. REUTERS/Tom Brenner/File Photo CHICAGO, July 21 (Reuters) – Consumers continue to splurge on air tickets. But travel patterns are shifting so often, partly due to work-life changes wrought by the pandemic, that airlines must constantly adapt on booking plane seats and … Read more

Analysis: Stock sale frenzy foretells US IPO market comeback

Analysis: Stock sale frenzy foretells US IPO market comeback

Signage for TXO Energy Partners is seen at the New York Stock Exchange (NYSE) to celebrate their IPO in New York City, U.S., January 27, 2023. REUTERS/Andrew Kelly Acquire Licensing Rights NEW YORK, June 21 (Reuters) – A flurry of stock sales by companies points to a likely wave of initial public offerings launching come … Read more