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JES International Holdings plans to sell its shipbuilding business to Hong Kong Victo International for an initial US$500,000 in cash and a potential top-up after a year.

SINGAPORE Technologies Engineering's aerospace arm, ST Aerospace, has clinched four pilot training contracts worth about S$23 million...

GROUNDHANDLER SATS reported a net profit of S$60.6 million for Q3 FY16, up from S$53.7 million a year ago, partly due to lower expenditure.

[MOSCOW] Russia's top automaker Avtovaz, controlled by Renault-Nissan, on Friday asked shareholders to help save it from bankruptcy as losses in 2015 tripled from the year before...

NET profit of transport operator ComfortDelGro grew by 6.5 per cent to S$301.9 million for the financial year 2015 as revenue grew in its transport businesses.

[BANGKOK] Thai Airways International Pcl will continue to ground 10 Airbus A340s it hasn't been able to sell because flying the four-engine planes isn't worth it, even after fuel prices...

[SAN FRANCISCO] Alphabet Inc's self-driving project is advertising dozens of jobs on its website with a special focus on manufacturing expertise...

[SAN FRANCISCO] Uber Technologies Inc. said it will pay US$28.5 million to settle claims that a US$1 "safe rides fee" charged to riders was misleading because its background checks on...

[JAKARTA] Indonesia is upgrading security at its 192 airports to guard against possible terrorist attacks, weeks after a deadly bombing and shooting assault by Islamic State militants in downtown...

COMMENTARY

AVIATION is a strong driver of growth, jobs, trade and mobility for the world's economy. ...