SAN FRANCISCO— FedEx Corp., the latest company accused in a federal probe involving illegal online pharmacies, says it will fight the charges that it knowingly shipped drugs to people who lack valid prescriptions.» Read More
The licence for New Kansai International Airport, which will be bundled with the operating rights for smaller Osaka International Airport, should fetch at least 2 trillion yen, Keiichi Ando, the chief executive of the government-owned New Kansai International Airport Co, told reporters.
But we also shouldn't worry too much, "says Phil Derner, founder of the aviation enthusiast website NYC Aviation. Then you would say there's a systemic problem here, but each event is unique, "said Jon Beatty, president and CEO of the Flight Safety Foundation, an airline industry-supported nonprofit in Alexandria, Virginia, that promotes global aviation safety.
He noted that the FAA ban came on the heels of last week's downing of a passenger jet by a missile in eastern Ukraine. Obama says that before lifting the ban, the FAA worked with Israel on a "checklist of concerns and mitigation measures" to ensure the safety of U.S. airlines. The FAA said the ban was imposed out of concern for the risk of planes being hit by Hamas rockets.
JetBlue CEO Dave Barger, discusses JetBlue's position in the airline industry, and consolidation in the space.
JetBlue CEO Dave Barger, shares his view of geopolitical events around the world, and additional security costs to the airline industry.
WASHINGTON— Nearly 300 passengers perish when their plane is shot out of the sky. Less than one in 2 million flights last year ended in an accident in which the plane was damaged beyond repair, according to the International Air Transport Association.
CNBC's Phil LeBeau reports an Air Algeria flight is missing in the Mali region of Africa. Also, the FAA has lifted its ban on U.S. flights into Tel Aviv, Israel.
CNBC's Phil LeBeau speaks to Duff Watson, the man who was denied boarding a Southwest Airlines flight after a tweet he made.
Royal Caribbean Chairman and CEO Richard Fain, says the Caribbean is still the company's most successful market, despite a tough year.
LAS VEGAS— Passenger traffic at McCarran International Airport has climbed up 1.3 percent compared with a year earlier. Data released Thursday show nearly 3.7 million people arrived and departed from the Las Vegas airport in June. The number of passengers flying domestically was up 1.8 percent, while international traffic was up 9.2 percent for the month.
The FAA's ban, imposed out of concern for the risk of planes being hit by Hamas rockets, became a hot button topic in both U.S.-Israeli diplomacy and Washington politics. Chicago- based United Airlines is set to resume service to Tel Aviv with a 4:45 p.m. eastern flight from Newark, New Jersey.
ANCHORAGE, Alaska— A tourist railway in Alaska is set to resume operations after a derailment injured 23 people. White Pass and Yukon Route Railroad Chairman John Finlayson said the company plans to resume service Friday. Two vintage locomotives and four passenger cars derailed Wednesday on the railroad's most popular route to White Pass Summit.
BERLIN— Air France and Germany's two largest airlines on Wednesday canceled more flights to Tel Aviv because of safety concerns amid the fighting between Israel and Hamas. The European Aviation Safety Agency late Tuesday said it "strongly recommends" that airlines refrain from operating flights to and from Tel Aviv.
WASHINGTON— The Federal Aviation Administration has lifted its ban on U.S. flights in and out of Israel.
*Israel rejects comparisons with Ukrainian disaster. *Israel offers desert airport as alternative. JERUSALEM, July 23- Israel tried on Wednesday to get U.S. and European commercial flights to Tel Aviv restored after some carriers suspended services, insisting its main airport there was safe despite being targeted by Palestinian rockets.
Discussing the FAA's extended ban on U.S. flights to and from Tel Aviv, Israel, and whether politics are involved, with Peter Brookes, The Heritage Foundation, and CNBC's Michelle Caruso-Cabrera.
Jon Medved, is the founder and CEO of Israel-based investment company OurCrowd. He provides perspective on the business side of things in the country.
The FAA has extended its ban on U.S. flights to and from Tel Aviv, Israel, for up to another 24 hours. CNBC's Phil LeBeau provides the details of the ban.
The Department of Transportation has proposed new safety rules for moving crude oil and ethanol by rail. CNBC's Morgan Brennan looks at how this influencing rail stocks.
US aviation authorities on Wednesday extended a ban on US airlines flying to Israel's Ben Gurion International Airport for another 24 hours.