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Egypt buys 24 Lockheed Martin F-16s
Lockheed Martin is to sell 24 F-16 jet fighters to Egypt in a $3.2 billion deal, a company spokesman said Dec. 29.
The Egyptian Air Force is the fourth largest F-16 operator in the world, according to defense industry reports.… Continue reading
Japan Air Lines bankruptcy in January 2010?
Creditors of debt-ridden Japan Airlines would incur losses of some 700 billion yen (US$7.6 billion) if the struggling carrier enters a bankruptcy process, a report said on Wednesday.
The state-backed body overseeing JAL’s restructuring, Enterprise Turnaround Initiative Corp (ETIC), had… Continue reading