After FedEx and UPS failed to deliver some presents in time for Christmas last year, the two package carriers improved their performance this holiday season. FedEx delivered more than 99 percent of express packages as promised on Dec. 22 and Dec. 23, according to shipment tracker ShipMatrix. The improved performance comes after delays by FedEx and UPS last year...» Read More
SAN FRANCISCO, July 17- FedEx Corp was indicted on Thursday for shipping packages from illegal online pharmacies despite repeated warnings from U.S. drug enforcement officials, according to a court filing. FedEx allegedly gained at least $820 million from the conspiracy, the filing said, and could be fined up to twice that amount.
WASHINGTON, July 17- American air carriers have agreed to avoid flying through airspace near Russia's border with Ukraine after a Malaysia Airlines plane carrying 295 people crashed in the area on Thursday, the U.S. Federal Aviation Administration said.
NEW YORK, July 17- Insurance on the Malaysian airliner brought down over Ukraine on Thursday is likely to pay out relatively quickly, provided that the cause of the crash is firmly determined, but observers say insurance for the loss of 295 lives and other liability will likely be complex and lengthy.
VICE PRESIDENT BIDEN SAYS MALAYSIA AIRLINES JET WAS SHOT DOWN, "NOT AN ACCIDENT, BLOWN OUT OF THE SKY".
WASHINGTON, July 17- U.S. airlines have voluntarily agreed to avoid airspace near the Russia- Ukraine border, the Federal Aviation Administration said on Thursday. The agency said it consulted U.S. airlines after learning of the crash of a Malaysia Airlines flight from Amsterdam to Kuala Lumpur.
The Malaysian Airlines flight that crashed on Thursday morning in Ukraine was flying in open air space, Eurocontrol authorities said.
UKRAINIAN STATE SECURITY CHIEF ACCUSES TWO RUSSIAN MILITARY INTELLIGENCE OFFICERS OF INVOLVEMENT IN DOWNING OF MALAYSIAN AIRLINE, SAYS THEY MUST BE PUNISHED FOR THIS "CRIME".
MOSCOW, July 17- Russian airline Transaero said on Thursday it would avoid using Ukrainian airspace following the crash of a passenger airliner in eastern Ukraine.
A strike on New York's Long Island Rail Road has been averted after a tentative agreement was reached, a labor union said on its website.
NEW YORK, July 17- U.S. stocks hit session lows on Thursday following news of a Malaysian Airlines jet crash near the Ukraine- Russia border. Malaysia Airlines said it lost contact with a passenger jet that took off from Amsterdam earlier in the day and was headed to Kuala Lumpur, Malaysia's capital.
BRASILIA, July 17- Brazilian planemaker Embraer SA will sign a deal on Thursday to sell 60 E-190 commercial passenger jets to two Chinese airlines, two diplomatic sources told Reuters, asking not to be named because the deal had not been formalized.
*Wizz Air has grown to be biggest low-cost carrier in eastern Europe. Organic expansion in the region and as far afield as Moscow, Tel-Aviv or Dubai is set to continue while a new phase of growth is likely to come from Wizz Air exploiting the difficulties of state-backed regional airlines that are struggling to survive.
Expanding middle classes in Asia and emerging markets such as Latin America have boosted travel demand and helped airlines bounce back from losses since the 2008-2009 downturn.
July 16- Dubai's Emirates could buy an additional 60 to 80 Airbus A380s if the four-engined superjumbo were revamped with more fuel-efficient engines by 2020, the airline's Chief Executive Tim Clark said, according to the Financial Times.
NEW YORK, July 16- Google Inc's Street View cars have captured the world's roads, highways and back alleys for years. Google cars fit with air monitors have taken millions of readings along the streets of Boston, New York and Indianapolis over the past two years as part of a program run by the non-profit Environmental Defense Fund to help reduce methane emissions.
Tesla's new electric car to go on sale in 2017 and compete with BMW's 3 Series sedans.
MUMBAI, July 16- Indian budget airline IndiGo has picked six lead managers for its initial public offering, which could be worth up to $400 million, three people involved in the deal said.
FARNBOROUGH, England, July 16- Chinese low-cost airline 9 Air has placed an order for CFM International engines worth $3.7 billion at list prices, including spare engines and a long-term service agreement, French aerospace group Safran said on Wednesday.
FARNBOROUGH, England, July 16- Safran said an order from China's Hainan Airlines to supply CFM International engines to power 50 Boeing 737 MAX 8 planes will be worth $1.3 billion at list prices. The carrier announced the commitment to buy the narrow-body planes at Farnborough Airshow earlier on Wednesday.
FARNBOROUGH, England, July 16- Myanmar's Myanma Airways has signed a deal with ATR for six new-generation ATR 72-600 s and taken options for six additional aircraft, the turboprop planemaker said on Wednesday.
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