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  • BERLIN, March 4- Qatar Airways would like to raise its stake in the owner of British Airways and Iberia at some point and may invest in other well-run airlines, its chief executive said on Wednesday. Qatar Airways bought a 9.99 percent stake in International Consolidated Airlines Group in January, aiming to forge closer ties to a company with two major European...

  • Ailing Malaysia Airlines readies for drastic overhaul Wednesday, 4 Mar 2015 | 3:49 AM ET

    KUALA LUMPUR, Malaysia— After a year of calamity, Malaysia Airlines is shrinking to survive. His new bosses hope he'll be able to pull off a similar feat at Malaysia Airlines though analysts say success is far from guaranteed because of the political baggage of being a state-owned company. At least four other major restructurings of Malaysia Airlines since 2001...

  • SAN FRANCISCO— The first set of lawsuits stemming from the crash of an Asiana Airlines flight in San Francisco two years ago have been settled, but dozens of additional cases remain after the accident that killed three Chinese teenagers and injured nearly 200 people. The settlement with 72 passengers who filed personal injury claims includes the airline...

  • New Malaysia Airlines CEO a "battle hardened" veteran Wednesday, 4 Mar 2015 | 2:48 AM ET

    HONG KONG— When the owners of embattled Malaysia Airlines went looking for a new CEO to lead its restructuring, they chose a German turnaround specialist known as "The Terminator" to take on what's been dubbed the toughest job in aviation. Christoph Mueller, 52, comes to the post fresh from a stint reviving Ireland's Aer Lingus. "The first year of a restructuring is...

  • SEOUL/ LOS ANGELES, March 4- Asiana Airlines Inc settled with 72 passengers of its flight that crashed at the San Francisco airport in 2013, a spokesman of the South Korean carrier said on Wednesday. Frank Pitre, a lawyer for the plaintiffs in the lawsuit, told the Associated Press this was the first settlement in connection with the crash, the Associated Press...

  • March 3- About 70 passengers of an Asiana Airlines Inc flight that crashed at the San Francisco airport in 2013 have reached a settlement with the airline, the Associated Press reported on Tuesday. Frank Pitre, a lawyer for the plaintiffs, told the Associated Press this was the first settlement in connection with the crash. Pitre could not immediately be reached...

  • SOME PASSENGERS OF ASIANA AIRLINES FLIGHT THAT CRASHED IN CALIFORNIA REACH SETTLEMENT WITH AIRLINE, ASSOCIATED PRESS REPORTS.

  • SAN FRANCISCO— More than 70 passengers aboard an Asiana Airlines flight that crashed in San Francisco two years ago have reached a settlement in their lawsuits against the airline, attorneys for the passengers and airline said in a court filing Tuesday. The settlement with 72 passengers who filed personal injury claims also includes Boeing Co., which made the...

  • NEW YORK, March 3- United Airlines expects to dip into its cash pile to help fund the purchase of new aircraft this year and rely less on debt financing, reflecting the U.S. airline industry's dramatic financial turnaround, the carrier's Chief Financial Officer John Rainey said in an interview. United, which had about $4.4 billion cash on hand at the end of last year,...

  • Final Glance: Airlines companies Tuesday, 3 Mar 2015 | 6:05 PM ET

    Delta Air rose$. 39 or. 9 percent, to $45.78. JetBlue Airways Corp. rose$. 31 or 1.8 percent, to $17.88. Southwest Airlines Co. fell$. 20 or. 5 percent, to $43.96.

  • Final Glance: Construction companies Tuesday, 3 Mar 2015 | 6:05 PM ET

    NEW YORK— Shares of some top construction companies were mixed at the close of trading:. Fluor fell$. 08 or. 1 percent, to $58.40. Quanta Services Inc. rose$. 04 or. 1 percent, to $28.70.

  • SINGAPORE, March 4- As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate a restructuring of the shipping industry. The New York- based private equity firm had generated "great but not spectacular" gains in its investments in clean tankers, vessels that carry...

  • SCOTTSBLUFF, Neb.— The Scottsbluff airport has joined airports in Kearney and North Platte in recommending new, one-year agreements with Great Lakes Airlines for government-subsidized flights. All three airports had initially selected Beachwood, Ohio- based Aerodynamics Inc., but in January the Transportation Department said Aerodynamics did not...

  • Mongolia, which has Russia and China as its neighbours, has large quantities of natural resources including copper, gold, silver and uranium deposits. Merkel outlined the difficulties involved in getting start-up financing for infrastructure and mining projects, and the need for infrastructure expansion in Mongolia. "Thirdly, Mongolia has big neighbours...

  • Dubai's Emirates says adds $7.6 bln to EU GDP Tuesday, 3 Mar 2015 | 10:34 AM ET

    DUBAI, March 3- Dubai's flagship airline Emirates contributes 6.8 billion euros to the European Union economy, it said on Tuesday, in an apparent response to criticism from rivals that government subsidies give Gulf carriers an unfair advantage. Emirates first flew to Europe in 1987 and since then has grown to 350 passenger flights a week from Europe, its...

  • DUBAI, United Arab Emirates— The United Arab Emirates' budget carrier flydubai, in its fifth year of operation, has turned a profit of $68 million out of total revenue of $1.2 billion last year. The company's earnings report released Wednesday shows flydubai's profits were around 12 percent higher than in 2013. The fast-growing airliner added 23 new routes last...

  • Tests conducted last month by the Federal Aviation Administration show that rechargeable batteries, also called lithium-ion batteries, consistently emit explosive gases when they overheat or short-circuit, The Associated Press has learned. In the recent tests, as well as other FAA tests last year, the buildup of gases— primarily hydrogen— led to fierce...

  • NEW YORK— At 656,000 pounds fully loaded and the length of six school buses, the Boeing 777-200 ER is hard to miss. In an age when a missing iPhone or a FedEx package can be tracked, it's unfathomable that something the size of a Boeing 777 could never be found. "The public's perception of what's acceptable has changed radically," said Todd Curtis, a former Boeing safety...

  • SYDNEY— Nearly a year has passed since Malaysia Airlines Flight 370 vanished on a flight from Kuala Lumpur to Beijing, sparking one of the most perplexing mysteries of modern times. The current phase of the search in the deep, dark and desolate waters of the Indian Ocean has failed to yield a single clue about the plane's fate. A: Crews have scoured more than 40...

  • WASHINGTON— Citing safety concerns, United Airlines on Monday became the second major U.S. airline to announce it will no longer accept bulk shipments of rechargeable batteries of the kind that power everything from smartphones to laptops to power tools. Delta Air Lines quiet stopped accepting bulk shipments of the rechargeable batteries, also called...