Delta Air fell $1.08 or 2.8 percent, to $38.07. JetBlue Airways Corp. fell$. 22 or 2.0 percent, to $11.06. United Continental Holdings Inc. fell $1.08 or 2.3 percent, to $44.92.» Read More
FRANKFURT/ MILAN, Feb 6- A potential deal to buy a stake in troubled Italian airline Alitalia could be the biggest test yet for Abu Dhabi- based Etihad's strategy of using stakes in ailing airlines as an easy way to expand its global footprint.
NEW YORK, Feb 5- Jack Butler, a prominent bankruptcy attorney who played an instrumental role in American Airlines' merger with U.S. Airways Group, is leaving law firm Skadden Arps Slate Meagher& Flom to become an executive at Hilco Global, a financial services company with a broad range of operations.
*European Union set to improve passenger rights next year. *Rules foresee payout of up to 600 euros for flight delay. The revised rules, which would apply across the 28 countries in the European Union, would require airlines to have staff to inform passengers about their rights, as well as laying out procedures for complaints and reimbursements.
*European Union set to improve passenger rights next year. *New rules foresee payout of up to 600 euros for flight delay. The revised rules, which would apply across the 28 countries in the European Union, would require airlines to have staff to inform passengers about their rights, as well as laying out procedures for complaints and reimbursements.
Labour groups including the transportation sector of AFL-CIO and the Air Line Pilots Association International argued that the plans are intended to take advantage of regulatory loopholes and leave safety oversight in doubt.
SEATTLE, Feb 4- Alaska Airlines is determined to remain independent and its financial results are crucial to staving off a takeover, the head of the airline said on Tuesday. "The best defense is performance," Brad Tilden, chief executive officer of Alaska Air Group, told an aerospace conference.
Feb 4- Diamond S Shipping Group Inc, which is backed by billionaire-investor Wilbur Ross, filed with U.S. regulators to raise up to $100 million in an initial public offering of its common stock. Jefferies and BofA Merrill Lynch would underwrite the offering, Diamond S Shipping said in a filing on Tuesday with the U. S Securities and Exchange Commission.
*Factory orders fall 1.5 percent in December. WASHINGTON, Feb 4- New orders for U.S. factory goods fell in December, but rose for a third straight month when the volatile transportation sector was excluded, which could ease concerns of an abrupt slowdown in manufacturing activity.
WASHINGTON, Feb 4- New orders for U.S. factory goods fell in December, but rose for a third straight month when the volatile transportation sector was excluded, which could ease concerns of an abrupt slowdown in manufacturing activity.
LONDON, Feb 4- Britain's Virgin Atlantic Airways will halt operations between Sydney and Hong Kong from May 5 because the route is no longer profitable, the company said on Tuesday.
JAKARTA, Feb 4- Indonesian flag carrier Garuda Indonesia plans a rights issue in the first half of this year, reducing the government's stake in the airline by more than 9 percent, the company's vice president told Reuters on Tuesday. Garuda will issue new shares and has appointed Bahana Securities, Mandiri Sekuritas and Danareksa as joint underwriters.
WASHINGTON, Feb 3- U.S. regulators are crafting a rule that would require all new vehicles to be able to "talk" to one another using wireless technology, which the Department of Transportation said would significantly reduce accidents on U.S. roads and alleviate traffic congestion.
US regulators may eventually require cars to be able to communicate with one another in order to avoid accidents and traffic jams.
WASHINGTON, Feb 3- U.S. regulators may eventually require cars and trucks to be able to communicate with one another in order to avoid accidents and traffic jams, the Department of Transportation said on Monday.
Airlines charges for everything ranging from booking a trip by phone to checking a bag are on the rise. USAToday reports.
ABU DHABI, Feb 2- Etihad Airways and Alitalia are in the final phase of due diligence for a possible investment by the Abu Dhabi carrier in the troubled Italian airline, the companies said on Sunday.
A Canadian National Railway train carrying fuel oil and other hazardous materials derailed and was leaking in southeast Mississippi on Friday, forcing the evacuation of nearby residents, officials said.
Security at the first Super Bowl in the New Jersey/New York area will top that of any event since 9/11.
The ruling was a win for Wilmington, Massachusetts- based Lilliputian Systems Inc, which challenged the regulation. Writing on behalf of a three-judge panel, Judge Judith Rogers said the U.S. Pipeline and Hazardous Materials Safety Administration must further explain the justification for the rule, which also applies to crew members.
Last year they ferried more than 780,000 barrels of oil a day, or about 10 percent of U.S. production, according to the Association of American Railroads. The cars are more likely to spill their hazardous cargo and catch fire, according to documents dating back to the early 1990 s, when the U.S. National Transportation Safety Board noted their repeated failure.
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