Rental and Leasing Services
Verizon-backed Redbox launches streaming service
Mar 15, 2013 09:40 EDT
In a challenge to instant video leader Netflix, telecom giant Verizon and rental group Redbox have launched a streaming video service for US customers.
Air Lease orders 10 Boeing 777-300ERs
Feb 28, 2013 18:12 EST
US aircraft leasing firm Air Lease Corporation has ordered 10 long-haul Boeing 777-300ER aircraft in a deal valued at $3.2 billion at current list prices, the companies said Thursday.
Battered by Sandy, AIG posts $4 bn Q4 loss
Feb 21, 2013 17:48 EST
US insurance giant American International Group on Thursday said it swung into loss in the 2012 fourth quarter, taking a pummeling from superstorm Sandy and a unit sale.
Russia's IFC buys 32 Bombardier CS300 jetliners
Feb 20, 2013 17:00 EST
Russian leasing company Ilyushin Finance Co. inked a deal Wednesday to buy 32 Bombardier CS300 aircraft for $2.56 billion, with an option to buy 10 more jets, the Canadian manufacturer announced.
Avis locks up Zipcar for $500 million
Jan 02, 2013 12:44 EST
US car rental giant Avis announced plans Wednesday to buy the popular auto-sharing service Zipcar in a deal valued at $500 million.
ACG orders 60 Boeing 737 MAX airplanes
Jan 02, 2013 09:10 EST
US aerospace and defense giant Boeing said Wednesday it had won an order from leasing company Aviation Capital Group for 60 of its new 737 MAX jetliners.
AIG raises $6.45 bn in final stake sale of AIA
Dec 18, 2012 03:49 EST
Asian insurer AIA said Tuesday that US giant American International Group (AIG) had sold its remaining stake in the firm, raising $6.45 billion and completing an exit that started two years ago.
AIG raises $6.45 bn in final stake sale of AIA
Dec 17, 2012 22:47 EST
Asian insurer AIA said Tuesday that US giant American International Group (AIG) had sold its remaining stake in the firm, raising $6.45 billion and completing an exit that started two years ago.
AIG sells plane leasing firm ILFC to Chinese investors
Dec 09, 2012 21:19 EST
American insurance company AIG said it will sell up to 90 percent of its plane leasing firm ILFC to a group of Chinese investors, in a deal that values ILFC at $5.28 billion.
Chinese in talks to buy aircraft leaser ILFC
Dec 07, 2012 13:30 EST
US government-controlled insurance group AIG said Friday it was in talks to sell a majority stake in International Lease Finance Corporation (ILFC) to a consortium of Chinese companies.
Television tops for US online video viewing: NPD
Sep 27, 2012 01:46 EDT
Online video fans in the United States prefer big screen televisions to computers when it comes to viewing, according to a report released Tuesday by NPD Group.
US car hire firm Hertz to buy Thrifty for $2.3 bn
Aug 27, 2012 04:20 EDT
US car rental giant Hertz will acquire its former competitor Dollar Thrifty for $2.3 billion, the two companies announced on Monday.
AirAsia X to further expand fleet
Aug 09, 2012 01:29 EDT
The long-haul arm of budget carrier AirAsia said Thursday it would add six leased aircraft to its fleet as it pushes to build up its presence in the Asian region.
Accomplice theory gains ground after Bulgaria bomber autopsy
Jul 22, 2012 14:01 EDT
The possibility that the suicide bomber who blew himself up on a bus full of Israeli tourists in Bulgaria had an accomplice was gaining ground on Sunday after an autopsy on the attacker.
Hunt for accomplice after Bulgaria bomber autopsy
Jul 22, 2012 10:15 EDT
An autopsy on a suicide bomber who killed five Israeli tourists and a bus driver in Bulgaria show he was different from an "Arab-looking" suspect cited by witnesses, a doctor said on Sunday.
Boeing says Kuwait lessor to buy 20 of its 737 MAX planes
Jul 10, 2012 14:17 EDT
Boeing on Tuesday said Kuwaiti aircraft leasing company ALAFCO had committed to buy 20 of the US planemaker's future single-aisle 737 MAX planes worth a combined $1.9 billion.
Airbus hits back against Boeing with firm orders for A350
Jul 10, 2012 13:23 EDT
Airbus struck back at rival Boeing in the battle for plane orders at the Farnborough airshow on Tuesday, revealing a surprise multi-billion-dollar firm deal for the future A350.
Boeing wins $9.2 bn order for 100 planes
Jul 10, 2012 07:30 EDT
US planemaker Boeing on Tuesday announced a commitment to sell 100 upgraded single-aisle 737 planes worth a combined $9.2 billion (7.5 billion euros) to leasing group GECAS.
Sign of the times as rental video winds up in Canada
Apr 18, 2012 14:17 EDT
Canada's last major video rental chain is ending distribution, as an outmoded service once offered at ubiquitous neighborhood outlets is replaced by online streaming and self-service kiosks.
Asia fills aviation funding gap amid Europe's woes
Mar 04, 2012 02:58 EST
Capital-starved airlines worldwide are turning to Asian lenders to fund their ambitious fleet upgrades as the industry's traditional streams of financing in the West dry up, experts say.
