Struggling Norwegian Air Shuttle ASA said it has notified Boeing Co. that it will cancel a deal to buy nearly 100 remaining planes, and is suing over losses related to the grounding of the 737-Max and 787 engine issues. In a statement on the company’s NAS, +2.71% website late Monday,Read More →
© Reuters. An airport worker guides a Delta Air Lines Airus A319 plane on the tarmac at LAX in Los Angeles By Tracy Rucinski CHICAGO (Reuters) – Delta Air Lines Inc (NYSE:) said on Friday it will invest $1 billion over the next decade in initiatives that would limit theRead More →
© Reuters. Air cargo carriers say China demand weak despite drastic freight capacity cuts on passenger planes By Ilona Wissenbach and Joyce Lee FRANKFURT/SEOUL (Reuters) – Major air cargo carriers said they have no immediate plans to add China flights to replace the capacity lost amid steep cuts to passengerRead More →
© Reuters. By Pauline Thomas Investing.com – Here is a summary from the most important regulatory news releases from the London Stock Exchange ahead of the U.K. market open on Wednesday 29 January. Please refresh for updates for U.K. market news from the LSE’s RNS on individual U.K. shares fromRead More →
Several rockets hit the Green Zone, a heavily fortified area in Baghdad that hosts the U.S. embassy and other diplomatic missions, on Saturday after thousands of people marched in a funeral procession through Iraq’s capital for Major General Qassem Soleimani, the Iranian military leader killed in a U.S. airstrike onRead More →
By Andrew Galbraith SHANGHAI (Reuters) – Asian shares extended their New Year’s rally on Friday after Wall Street struck another record high on fresh Chinese stimulus while oil spiked after U.S. air strikes in Iraq heightened geopolitical tensions. MSCI’s broadest index of Asia-Pacific shares outside Japan () touched its highestRead More →
BEIJING (Reuters) – China Southern (NYSE:) Air Holding, the parent of China Southern Airlines (SS:), has set up a cargo company with registered capital of 1 billion yuan ($143 million), as it looks to consolidate its air cargo assets through state-led reforms. The move from December 24 was disclosed byRead More →
WASHINGTON (Reuters) – The U.S. Federal Aviation Administration (FAA) needs to improve its oversight to address maintenance issues at the 11th largest U.S. carrier Allegiant Air, a unit of Allegiant Travel Co (O:), according to a report seen by Reuters on Tuesday. The U.S. Transportation Department’s Inspector General said inRead More →
(Reuters) – A Hong Kong air transport regulator said on Saturday that it has decided against suspending Hong Kong Airlines’ license, the city’s second largest airline. The airline said on Wednesday it had drafted an “initial cash injection plan” that would allow it to make overdue salary payments on Thursday.Read More →
PARIS (Reuters) – Airline group Air France-KLM (PA:) said on Wednesday it was not necessary to buy a stake in Virgin Atlantic to expand a transatlantic joint venture with Virgin Atlantic and Delta Air Lines (N:). Air France-KLM also said in a statement it would continue final preparations toward theRead More →
© Reuters. Investing.com — Here is a roundup of regulatory news releases from the London Stock Exchange on Monday, 4th November. Please refresh for updates British Airways’ parent International Consolidated Airlines Group (LON:) said it had agreed to buy Spanish long-haul specialist Air Europa for 1 billion euros ($1.11 billion)Read More →
© Reuters. An interior view of Bombardier’s Global 7500, the first business jet to have a queen-sized bed and hot shower, is shown during a media tour in Montreal By Allison Lampert LAS VEGAS (Reuters) – New large corporate planes that can fly farther and an industry push toward sustainableRead More →
Shares of Air France-KLM on Monday nosedived on a warning over bookings, and other airlines weakened, in mostly listless European stock markets on Monday. Air France-KLM shares AF, -8.13% plunged 9% as the airline said “close-in bookings in the peak travel period are weaker than foreseen in view of softeningRead More →
SINGAPORE (Reuters) – Air China Ltd (SS:) has no plans to take over Hong Kong’s Cathay Pacific Airways Ltd (HK:), an independent director of the state-owned Chinese carrier told the South China Morning Post newspaper. “Based on what I know, I wouldn’t think that is anywhere on the agenda, noRead More →
(Reuters) – Delta Air Lines Inc (N:) reported a 39.3% rise in quarterly profit on Thursday, as the second-largest U.S. carrier benefited from higher fares and flying fuller planes. Supply constraint due to the extended grounding of the Boeing (NYSE:) 737 MAX planes is expected to help U.S. airlines thatRead More →
If the weather is too darn hot where you live, it’s also probably too darn expensive to keep your home cool in the summertime. Residents of Sun Belt states pay the most to air condition their homes during the summer, with a median cost of $292.90 per home, according toRead More →
By Yimou Lee TAIPEI (Reuters) – Taiwan’s Eva Airways (TW:) has canceled 550 more flights scheduled through mid-July as a cabin crew strike entered its 14th day, after latest negotiations on work conditions and wages broke down this week. Flight attendants at the Taiwanese airline went on strike on JuneRead More →
FedEx Corp. is offering big discounts to woo online merchants to its air network as it seeks to refashion a delivery system ill-equipped for the rise of e-commerce. The shipping giant FDX, -1.49% , which is ending an air-shipping contract with Amazon.com Inc. AMZN, -0.36% later this month, isRead More →
© Reuters. FILE PHOTO: An Airbus A320neo aircraft is pictured during a news conference to announce a partnership between Airbus and Bombardier on the C Series aircraft programme, in Colomiers near Toulouse PARIS (Reuters) – Air Lease Corporation said on Tuesday it had signed long-term lease placements for two newRead More →
© Reuters. FILE PHOTO: An Air New Zealand Boeing 777 plane taxis after landing at Kingsford Smith International Airport in Sydney WELLINGTON (Reuters) – Air New Zealand said on Monday it was ending a longstanding ban on staff having visible tattoos after facing criticism that the policy discriminated against MāoriRead More →
© Reuters. FILE PHOTO: Brazil’s Infrastructure Minister Tarcisio Gomes de Freitas attends an interview with Reuters in Brasilia SAO PAULO (Reuters) – Spanish tourism and transportation company Grupo Globalia will launch a new air carrier in Brazil, Brazilian Infrastructure Minister Tarcísio Gomes de Freitas said in a message posted onRead More →
© Reuters. FILE PHOTO: Passengers board an Air France plane at the Nantes-Atlantique airport in Bouguenais near Nantes PARIS (Reuters) – Air France-KLM will propose a voluntary redundancy scheme that would affect nearly 400 ground staff at French airports, La Tribune said on Saturday, a day after the airline postedRead More →
© Reuters. Crowds of people are seen at the Indira Gandhi International Airport in Delhi, India, MUMBAI (Reuters) – Air India on Saturday said its server system was restored after being down for more than five hours and affecting some flights across the world. “Air India System restored,” chairman andRead More →
© Reuters. Fiat Chrysler Automobiles (FCA) headquarters are seen in Turin WASHINGTON (Reuters) – The U.S. National Highway Traffic Safety Administration said Tuesday it is expanding a probe into potentially defective air bags to 12.3 million vehicles. The agency said the air bags were installed in some vehicles from modelRead More →
© Reuters. FILE PHOTO: Korean Air Lines Chairman Cho Yang-ho arrives at a prosecutor’s office in Seoul SEOUL (Reuters) – Korean Air chairman Cho Yang-ho has died, the South Korean airline said on Monday, less than three weeks after investors voted to remove him from the board in a landmarkRead More →
