- Quest Specialty Chemicals expands into automotive aftermarket refinishes.
Huron Capital Partners LLC announced that its portfolio company, Quest Specialty Chemicals, Inc., has recapitalized Matrix System Automotive Finishes, Inc. in partnership with Matrix' management and combined the business with Quest's wholly-owned subsidiary, Raabe Company LLC. Founded in 1983, Matrix is the largest independent supplier of automotive aftermarket refinish coatings ......
- Air Products Acquires Ashland Semi Business
Air Products and Chemicals Inc. has signed a definitive agreement to acquire the electronic chemicals business of Ashland Specialty Chemical Co., a division of Ashland Inc., the companies said today. The cash transaction is valued at approximately $300 million. Air Products expects the acquisition, which is still subject to regulatory ......
- Russia to establish new aircraft corporation with defence minister as chair of the board.
AIRLINE INDUSTRY INFORMATION-(C)1997-2006 M2 COMMUNICATIONS LTD Russian defence minister Sergei Ivanov is to be chairman of the board of a new state-controlled aircraft corporation. The aim of the new organisation, named United Aircraft Corporation, is reportedly to reinvigorate the Russian aviation industry. According to the Russian news services Interfax, ITAR-Tass ......
- Airbus Industrie authorises airline
approaches.
AIRLINE INDUSTRY INFORMATION-(C)1997-2000 M2 COMMUNICATIONS LTD The board of European aircraft manufacturer Airbus Industrie has authorised its management to approach airlines about their interest in the proposed A3XX superjumbo jet aircraft. The decision was made by a meeting of the board on 8 December and the board said that management ......
- Duma objects to Russian airlines buying foreign
aircraft.
AIRLINE INDUSTRY INFORMATION-(C)1997-2001 M2 COMMUNICATIONS LTD The State Duma (lower house of parliament) in Russia has asked Mikhail Kasyanov, the prime minister, to protect local aircraft manufacturers from competition by foreign companies. A letter written to the prime minister calls for an investigation into a deal between Aeroflot, the Russian ......
- National Airlines receives approval for reorganisation
plan.
AIRLINE INDUSTRY INFORMATION-(C)1997-2002 M2 COMMUNICATIONS LTD US Bankruptcy Court Judge Linda Riegle has approved National Airlines' reorganisation plan filed under Chapter 11 bankruptcy protection. The agreements filed in court on Monday (4 March) were negotiated between the Las Vegas-based airline and its creditors, which include Harrah's Entertainment Inc and the ......
- New airline to be set up by China Eastern Airlines and AVIC I.
AIRLINE INDUSTRY INFORMATION-(C)1997-2008 M2 COMMUNICATIONS LTD China Eastern Airlines Corp, in conjunction with aircraft manufacturer China Aviation Industry Corp I (AVIC I) have announced that they have been granted approval to launch a new airline company. The new joint venture, Xingfu Airlines Co Ltd, will be based in Xi'an Xianyang ......