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  • India's Jet Airways posts record quarterly net profit Saturday, 6 Feb 2016 | 6:20 AM ET

    NEW DELHI, Feb 6- India's Jet Airways Ltd said on Saturday its December quarter net profit rose more than seven times, with sharply lower fuel costs helping the carrier post a third consecutive quarterly gain following a series of losses. Jet, India's second largest carrier by market share, said net profit in the October-December period rose to 4.67 billion...

  • The change in the Pentagon's plan for the $391 billion weapons program defers orders for 45 Air Force jets, compared with last year's plan, while accelerating orders for the Navy and Marine Corps models of the aircraft, the sources said. It calls for the Navy and Marine Corps to buy 64 F-35C jets, which can take off and land on aircraft carriers, over the next five...

  • SEATTLE, Feb 5- Washington state lawmakers voted down a bill on Friday that would have linked $8.9 billion in state aerospace industry tax breaks to Boeing Co employment levels.

  • Feb 5- The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, registered a new all-time low for the ninth straight session on Friday as concerns of slow global demand outweighed gains for the large-vessel segment. Average daily earnings for capesize vessels, which typically transport 150,000- tonne...

  • Feb 4- The chief executive officer of LAN Airlines will pay a $75,000 fine to settle charges that he authorized improper payments to Argentina union officials to persuade them to ease their demands in a labor dispute, the U.S. Securities and Exchange Commission said on Thursday. According to the SEC, Cueto authorized wiring $1.15 million to a Virginia brokerage...

  • TORONTO, Feb 4- Amid fears of a bubble in condominium prices in Canada's largest cities, developers say they are shifting from building condos to high-rise rental apartments, as institutional investors look for assets with steady cash flow. The result is, not only more rental units on offer in cities like Vancouver and Toronto, but a slowdown in the supply of new...

  • SANTIAGO, Feb 4- An Italian consortium, including construction company Astaldi Spa, is close to securing a contract to build the world's largest telescope in the Chilean desert, project owner the European Southern Observatory said on Thursday. The consortium includes major Italian builder Cimolai and subcontractor the EIE Group, as well as Astaldi.

  • Baltic index slips below 300 points to record new low Thursday, 4 Feb 2016 | 10:18 AM ET

    Feb 4- The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, slipped below 300 points on Thursday, to an all-time low. And that creates very tough conditions for shipping, "said Frode Morkedal, Managing director at ship brokerage firm Clarksons Platou Securities. Average daily earnings for capesize vessels,...

  • *China needs top notch waste management technology. FRANKFURT, Feb 4- Beijing Enterprise is buying German waste management company Energy from Waste for 1.4 billion euros as China sets about tackling its pollution and waste recycling problems. China set a target to spend about $16 billion between 2013 and 2016 to improve sewage disposal and garbage treatment...

  • *China needs top notch waste management technology. FRANKFURT, Feb 4- Beijing Enterprise has struck a deal to buy German waste management company Energy from Waste for 1.4 billion euros as China sets about tackling its huge problems with pollution and recycling more of its waste. China set a target to spend about $16 billion between 2013 and 2016 to improve...

  • *Airlines set for battle to serve Iran market. PARIS/ DUBAI, Feb 4- An economic battle is likely for dominance of the skies over the Gulf after Iran decided to invest $27 billion in an airline fleet capable of taking on the region's supercarriers. By ordering dozens of long-distance European jets last month after the lifting of sanctions, Iran is positioning Tehran...

  • Feb 3- Top U.S. airlines United and Delta have offered to re-assign certain flight crew concerned about contracting the Zika virus from routes to Latin America and the Caribbean, the companies told Reuters on Wednesday. Delta Air Lines Inc has also let flight attendants and pilots switch assignments since Jan. 17, and "a small number of crew members have swapped...

  • DELTA AIR LINES HAS LET CREW OPT OUT OF FLIGHTS TO LATIN AMERICA AND CARIBBEAN IF WORRIED ABOUT ZIKA VIRUS SINCE JAN. 17- SPOKESMAN.

  • Feb 3- Delta Air Lines Inc on Wednesday said President Ed Bastian would replace Richard Anderson as chief executive in May, a long expected move that will see one of the most successful and outspoken leaders in the airline industry retire. The Atlanta- based carrier said in a news release that Anderson will retire as CEO effective May 2 and become Delta's...

  • Feb 3- United Airlines has offered to re-assign pregnant flight attendants concerned about contracting the Zika virus from routes to Latin America and the Caribbean, according to a memo seen by Reuters. "We have immediate concern about our members' health," said Sara Nelson, international president of the Association of Flight Attendants-CWA, when asked for...

  • NEW YORK— Richard Anderson, who oversaw Delta Air Lines' transformation into one of the world's most profitable airlines, will retire this May. His right-hand man, airline president Ed Bastian, will take over as CEO, the Atlanta- based airline said Wednesday. Delta also purchased a 49 percent ownership stake in Virgin Atlantic to gain much-needed access to London...

  • UPDATE 1-British Airways to resume flights to Iran Wednesday, 3 Feb 2016 | 12:20 PM ET

    LONDON, Feb 3- British Airways will resume direct flights from London to Tehran from July, renewing links with the Iranian capital after sanctions were lifted. The British airline followed Air France-KLM in confirming its intention to restart flights to Tehran after Iran curbed its nuclear programme in return for the lifting of U.S., EU and United Nations...

  • British Airways to begin flying to Iran from July 14 Wednesday, 3 Feb 2016 | 10:22 AM ET

    Feb 3- British Airways will begin direct flights from London's Heathrow airport to Tehran from July 14, International Consolidated Airlines Group SA said on Wednesday. The company, which operates British Airways and Iberia Airlines, said it would will launch the route as a six-per-week service before moving to daily flights from winter 2016..

  • Baltic index falls to a further record low Wednesday, 3 Feb 2016 | 9:14 AM ET

    Feb 3- The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, tumbled to another fresh low on Wednesday on worries about vessel oversupply and slowing global demand. Average daily earnings for capesize vessels, which typically transport 150,000- tonne cargoes such as iron ore and coal, decreased by $47 to...

  • MADRID— A large cargo ship that went adrift last week in the Bay of Biscay is nearing the northern Spanish port of Bilbao following a towing operation that has lasted days. The crew on the Panama- registered vessel was evacuated after issuing a distress call last Tuesday. Authorities had feared it would run aground in southwestern France.