Emirates, the No. 1 airline on international routes, is interested in buying the world’s leading inflight catering business from Deutsche Lufthansa AG, the head of the Dubai-based company’s Dnata services arm said.
Emirates, investing in a wide-body jet fleet including 90 Airbus SAS A380 superjumbos worth $34 billion at list prices, said financing the planes isn’t a concern and that it’s fully funded through July 2012.
An early 1970s photo in a Huntsman Corp. annual report shows a smiling young Jon Huntsman Jr. holding a dozen eggs in polystyrene packaging, an innovation that helped make a fortune for the family business.
Emirates will repay a $500 million bond due in March if it doesn’t get “attractive” terms in a refinancing deal because the biggest Arab airline is sitting on $3.4 billion of cash, President Gary Chapman said.
Huntsman Corp. reported a power failure at its Port Neches, Texas, chemical plant that caused operating unit outages across the site, according to a filing with state regulators. Power has been re-established, according to the report.
Huntsman Corp., the chemical maker acquiring Rockwood Specialties Inc.’s titanium dioxide business, is seeking permission from lenders to borrow $1.15 billion in loans to partly finance the purchase, according to two people with knowledge of the deal.
Emirates airlines’ notes have risen in the past month, regaining an advantage they enjoyed over Dubai’s sovereign bonds as the world’s biggest international carrier benefits from rising tourism and falling oil prices.