GO
Loading...

Transportation

More

  • KUALA LUMPUR, Oct 15- Malaysian Airline System Bhd, the loss-making airline hit by two separate jet disasters this year, said on Wednesday the buyout offer from its major shareholder is fair and minority shareholders should accept the offer. MAS's directors recommended the move after its audit committee, under the advice of independent adviser AmInvestment...

  • *Order would be Airbus's largest by number of planes. NEW DELHI/ PARIS, Oct 15- Indian budget airline IndiGo has agreed to buy 250 A320 planes from Airbus, a purchase that could be worth nearly $26 billion and rank as the largest single order of jets from the European planemaker. India's biggest airline is expanding aggressively as it seeks to win more market share in...

  • COPENHAGEN, Oct 15- Denmark and its maritime industry are lobbying to get the top position at the International Maritime Organization, a United Nations body that wields great influence over global shipping through its regulations, industry sources said. The current secretary general of the IMO, Koji Sekimizu, is due to step down at the end of next year, and...

  • COPENHAGEN, Oct 15- Denmark and its maritime industry are lobbying to get the top position at the International Maritime Organization, a United Nations body that wields great influence over global shipping through its regulations, industry sources said. The current secretary general of the IMO, Koji Sekimizu, is due to step down at the end of next year, and...

  • PARIS, Oct 15- Europe's Airbus has won European safety approval that would allow its new A350 long-haul passenger jet to fly almost any commercial route, sources familiar with the matter said. EASA and Airbus declined to comment. Reuters reported on Sept 30 that European regulators, having granted the main airworthiness or' type certificate' approval for...

  • *Order would be Airbus's largest by number of planes. NEW DELHI/ PARIS, Oct 15- Indian budget carrier IndiGo has agreed to buy 250 single-aisle A320neo aircraft from Airbus SA, the companies said on Wednesday, potentially marking the largest number of jets ever sold by the European planemaker in a single order. IndiGo has a fleet of 83 Airbus A320s and has ordered or...

  • China shares close up, led by airlines and brokerages Wednesday, 15 Oct 2014 | 3:07 AM ET

    SHANGHAI, Oct 15- China shares closed higher on Wednesday, shrugging off weaker-than-expected inflation data as investors bought into airlines, brokerages and pharmaceutical companies. The CSI300 of the leading Shanghai and Shenzhen A-share listings rose 0.7 percent. China's producer price index in September fell 1.8 percent from a year earlier, versus a...

  • SHANGHAI, Oct 15- Chinese stock markets rose on Tuesday, with major indexes lifted by airline stocks and pharmaceuticals, but analyst said sentiment remained cautious given signs of continued pressure on producer pricing power and weakness in overseas markets. The CSI300 index of the largest Shanghai and Shenzhen A-share listings was up 0.6 percent, while...

  • CSX beats, citing U.S. economy for freight boost Tuesday, 14 Oct 2014 | 5:17 PM ET
    CSX freight lines run through center city Philadelphia

    CHICAGO, Oct 14- No. 3 U.S. railroad CSX Corp on Tuesday reported a rise in third-quarter profit, beating forecasts and predicting double-digit growth for 2015 as it moved more freight on its network due to a growing U.S. economy. CSX reported earnings per share of 51 cents, up from 45 cents a year ago and beating the 48 cents expected by Wall Street analysts.

  • CHICAGO, Oct 14- No. 3 U.S. railroad CSX Corp on Tuesday reported a rise in third-quarter profit, beating forecasts and predicting double-digit growth for 2015 as it moved more freight on its network due to a growing U.S. economy. CSX reported earnings per share of 51 cents, up from 45 cents a year ago and beating the 48 cents expected by Wall Street analysts.

  • NEW YORK, Oct 14- South Korea- based Asiana Airlines Inc has agreed to pay $55 million to settle allegations in a U.S. class action that it conspired with other airlines to fix rates for shipping air cargo, according to court papers filed on Tuesday. The proposed settlement, which requires the approval of a judge, was filed in U.S. District Court in Brooklyn.

  • Oct 14- Gulfstream Aerospace Corp, a unit of General Dynamics Corp, said it had launched two new business jets, the G500 and G600, and signed agreements for orders of up to 70 aircraft from Flexjet LLC and Qatar Airways. Dallas- based Flexjet LLC, a provider of fractional jet ownership and leasing services, will order up to 50 aircraft, including the 16- seater G450, the...

  • Oct 14- Gulfstream Aerospace Corp, a unit of General Dynamics Corp, said it had launched two new business jets, the G500 and G600, and received orders for up to 70 aircraft from Flexjet LLC and Qatar Airways. Dallas- based Flexjet LLC, a provider of fractional jet ownership and leasing services, will order up to 50 aircraft, including the G450, the G500 and G650,...

  • The Indiegogo projects that will 'shock' you Tuesday, 14 Oct 2014 | 9:38 AM ET

    Crowdfunding campaigns are taking wearables to the next level, including a habit breaking tracker and a voice controlled smart bracelet.

  • SINGAPORE, Oct 14- Indian low-cost carrier IndiGo is close to placing a large order worth billions of dollars for a variety of aircraft and could reach a decision as early as 2015, a senior aviation analyst and several industry sources said. IndiGo, India's largest airline by market share, could pick up a combination of regional planes that can seat up to 100...

  • BOSTON, Oct 13- Emergency crews in protective gear removed five passengers with flu-like symptoms from a commercial airliner that arrived at Boston's Logan Airport from Dubai on Monday, but U.S. health authorities said the possibility of Ebola was "exceedingly low." Massachusetts Port Authority spokesman Matthew Brelis said none of the ill passengers had...

  • *VIX at highest close since June 2012. NEW YORK, Oct 13- U.S. stocks dropped more than 1 percent on Monday, with the S&P 500 closing below a key technical support level, as declines in energy and airline shares led a late-day selloff. The CBOE Volatility index ended at 24.64, its highest close since early June 2012.

  • *Luxottica shares tumble as new CEO set to leave. Shares in German lender Commerzbank rose 2.3 percent after sources told Reuters preliminary talks with the European Central Bank have given the bank no reason to believe its capital will fall below stress test requirements. Air France-KLM gained 1.9 percent and Lufthansa climbed 1.6 percent as Brent crude...

  • The fire forced the evacuation of the FAA control center in Aurora, Illinois on Sept. 26. Operations were slowly returned to near normal at O'Hare International Airport and Chicago Midway International Airport in the days after the fire by shifting nearly 200 workers and responsibilities to other sites, the FAA has said. Harris Corp, the FAA telecommunications...

  • *Luxottica shares tumble as new CEO set to leave. PARIS, Oct 13- European stocks paused on Monday following their steep three-week sell-off, with shares in airlines bouncing back as oil prices extended their slide on ample supply. Air France-KLM gained 3.4 percent and Lufthansa climbed 3.3 percent as Brent crude sank below $88 a barrel, its lowest level in almost...

Contact Transportation

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    To learn more about how we use your information,
    please read our Privacy Policy.
    › Learn More