Good week

Middle east
 © Rex Features
CARLYLE GROUP The global alternative asset manager with a keen interest in small to medium aerospace manufacturers, including spare parts maker Chromalloy, got a $500 million boost from Mubadala Development, the Abu Dhabi government's strategic investment vehicle charged with delivering the economic diversification of the oil-rich emirate. The cash bought Mubadala new equity in Carlyle, on top of the 7.5% stake it bought in 2007.

 

Bad week

stranded passengers
 © Paul Grover/Rex Features
AIRPORTS As snow turned London Heathrow into a refugee camp and left many other European hubs in chaos, European transport commissioner Siim Kallas said he had no sympathy for airport operators because snow in western Europe is "not such an exceptional circumstance". He warned them it was time to "get serious" regarding planning for severe weather, adding he will "take a hard look" at measures to ensure they operate more effectively under such conditions.

 

 

Source: Flight International

Topics