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  • June 1- Etihad Airways on Monday issued it strongest rebuttal yet of claims that it received market-distorting subsidies, saying it is required to repay loans and that its U.S. competitors have a "condescending" view of non-U.S. law. The comments by the Abu Dhabi- based carrier mark its latest move to deter the Obama administration from revisiting aviation...

  • FAIRFIELD, Conn.— In a public lobbying campaign with little precedent, leading businesses in Connecticut urged the legislature Monday to pull back from a proposed budget that boosts taxes for the second time in four years. General Electric Co., Aetna Inc. and the Travelers Companies Inc. criticized a budget deal hammered out over the weekend by Gov.

  • On Friday, a Korean man was confirmed as China's first case after traveling to the country via Hong Kong with Asiana Airlines Inc. None of 64 people quarantined after contact with the man tested positive, state media reported. In Hong Kong, 299 people died from SARS and tourism dropped almost 90 percent during the worst-hit months. Korean Air Lines Co Ltd closed...

  • The new CEO of Malaysia Airlines said the ailing carrier could break even by 2018 after cutting staff, selling surplus aircraft and refurbishing its international fleet. The remaining 14,000 employees have been offered jobs in a new company that is being set up to take over the legacy Malaysia Airlines business. The former chief executive of Ireland's Aer...

  • Malaysia Airlines 'technically bankrupt': CEO Monday, 1 Jun 2015 | 4:04 AM ET

    The newly appointed chief executive of loss-making Malaysia Airlines said on Monday that the carrier is "technically bankrupt."

  • EU's Juncker skeptical over planned German car toll Monday, 1 Jun 2015 | 2:44 AM ET

    BERLIN— The head of the European Union's executive Commission says it has "significant doubts" as to whether Germany's plan for a highway car toll to raise money from foreign drivers complies with EU law. Germany's parliament in May approved the toll plan, a much-criticized pet project of the smallest party in Chancellor Angela Merkel's governing coalition.

  • Homeless Atlantic oil cargoes deepen global glut Monday, 1 Jun 2015 | 1:00 AM ET

    *WAF, North Sea differentials hit multi-year lows. LONDON, June 1- A shadowy build up of oil has intensified in the Atlantic Basin with homeless cargoes of crude turning into unintentional floating storage- another sign the global surplus has some way to go before clearing. Off the coast of West Africa and in the waters of the North Sea, vessels holding millions of...

  • NEW DELHI, June 1- Prime Minister Narendra Modi's reformist, but hard-up government has begun a splurge on road and rail building that analysts say could remove doubts over whether economic growth in India really is overtaking China. Having roughly doubled spending allocations for roads and bridges in fiscal 2015/ 16, and raised the rail budget by a third, Modi...

  • *But brand and cost challenges facing Malaysia Airlines are huge. SINGAPORE/ KUALA LUMPUR, May 31- New CEO Christoph Mueller's plans for troubled Malaysia Airlines- including a new brand, a smaller fleet and one third less staff- are widely seen as a promising blueprint for a fresh start. He has also already impressed in his new job with his micromanaging ways,...

  • SAO PAULO, May 29- Panama's Copa Airlines plans to expand its route network out of Latin America despite the challenges it currently faces in Brazil, the region's biggest market, the company's chief executive officer said on Friday. The carrier, a subsidiary of Copa Holdings SA, sees further potential in a business model built on linking small and mid-sized Latin...

  • PARIS, May 29- Air France faces its second safety investigation in as many weeks after pilots were forced to recover in mid-takeoff after entering the wrong data into the computer of a cargo jet, airline and safety officials said. The mistake over the plane's weight was discovered when the Boeing 777 freighter accelerated too slowly while starting off down the...

  • The Federal Aviation Administration said four pilots reported a green laser illuminating their aircraft in flight at about 8,000 feet over Long Island between 9:30 p.m. and 10 p.m. Thursday. Another report involved a green laser beamed at a Sun Country Airlines plane at 11:30 p.m., about 14 miles southwest of John F. Kennedy International Airport, the FAA...

  • BILLINGS, Mont.— U.S. transportation officials are extending an order for railroads to notify states about shipments of hazardous crude oil shipments. Trains hauling crude from the Bakken region of North Dakota and Montana have been involved in multiple fiery derailments in recent years, including a 2013 derailment that killed 47 people in Lac-Megantic,...

  • OMAHA, Neb.— Union Pacific has furloughed about 900 railroad workers because shipping demand has been weaker than expected. Union Pacific Corp. spokesman Aaron Hunt said the recent furloughs were also part of the railroad's effort to align its workforce with the current market. The number of shipments Union Pacific has been delivering so far this year is down...

  • The project includes developer Skanska USA Inc., architecture and engineering company HOK and financial firms Morgan Stanley and Citigroup Inc. The work is expected to be completed by 2021 at a cost of $3.6 billion, according to the Port Authority's capital plan. "For too long, LaGuardia has been the stepchild of our region's airports compared to JFK and Newark...

  • LONDON— Ireland's parliament on Thursday voted in favor of selling off the country's share in the Aer Lingus airline as part of a 1.4 billion euro takeover bid by International Airlines Group, the parent company of British Airways. But Walsh's bid must still clear many hurdles, and needs backing from low-cost carrier Ryanair, the largest shareholder of Aer...

  • Railroad bridge fire and collapse ruled accidental Thursday, 28 May 2015 | 12:00 PM ET

    INTERNATIONAL FALLS, Minn.— Canadian National Railway officials are working around the clock to rebuild an old wooden railroad bridge that burned and collapsed near Minnesota's northern border. Koochiching County Sheriff Perryn Hedlund says officials started removing debris from the bridge and three train cars hours after the bridge caught fire and then...

  • The best hurricane forecasting model isn't American Thursday, 28 May 2015 | 11:13 AM ET
    A satellite image of Hurricane Earl (left) and Tropical Storm Fiona in the Atlantic Ocean on Aug. 31, 2010.

    Europe has the best hurricane forecasting model, for a variety of reasons, including funding. The U.S. could catch up if it was organized better.

  • Want to travel at the speed of sound? It’s happening Thursday, 28 May 2015 | 9:51 AM ET
    A rendering of a Hyperloop by Hyperloop Transportation Technologies.

    Hyperloop, the transportation brainchild of Tesla boss Elon Musk, which plans to take you from San Francisco to Los Angeles in 30 minutes, could be be free to use.

  • ABOARD THE EMPIRE BUILDER, May 28- Its passengers are mostly silver-haired retirees, oil-field workers and a few young families gazing out the windows of Amtrak's least-profitable and third-longest line, rumbling from Chicago through eight states and on to the American West Coast. A coach ticket between Spokane, Washington and Williston, capital of North...

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