Business Transportation

  • SAO PAULO, Jan 12- The Brazilian government is drafting a decree to allow 100 percent foreign ownership of local airlines, a Transportation Ministry spokesperson said on Thursday, a move that could attract investors to a recession-beaten industry. Newspaper Valor Econômico, citing three unnamed aides to President Michel Temer, earlier on Thursday reported...

  • PARIS, Jan 12- Qatar Airways said on Thursday it was seeking guarantees from a potential new engine supplier after delays to Airbus jet deliveries, but said Boeing was ahead of schedule on its latest version of the 777, leaving scope to bring those jets forward. Qatar Airways remains in talks with CFM International about supplying engines for an upgraded order...

  • Will Delta's Trump bump continue?

    The “Fast Money” traders weigh in on Delta Air Lines, with the stock up 15 percent since Election Day.

  • Citi Bikes are getting outfitted with laser lights to improve rider safety.

    Citi Bikes will be outfitted with laserlights to give cars and pedestrians an oncoming traffic warning, The Verge reports.

  • LONDON, Jan 12- British Airways "mixed fleet" cabin crew, who make up around 15 percent of BA's total cabin staff, are to stage a 72- hour pay strike from Thursday next week, their union Unite said. Crew who serve as part of BA's mixed fleet, who have poorer terms and conditions than some longer-serving staff, rejected a pay offer shortly before Christmas and staged a 48-...

  • The four-year deal, ratified on Dec. 1, is retroactive to Jan. 1, 2016. The No. 2 carrier by passenger traffic said net income fell to $622 million in the quarter ended Dec. 31 from $980 million a year earlier. Share prices were down industry-wide in afternoon trading, suggesting traders had looked forward to a strong showing in the company's unit revenue outlook, said...

  • LONDON, Jan 12- British Airways "mixed fleet" cabin crew, who make up around 15 percent of BA's total cabin staff, are to stage a 72- hour pay strike from Thursday next week, their union Unite said. Crew who serve as part of BA's mixed fleet, who have poorer terms and conditions than some longer-serving staff, rejected a pay offer shortly before Christmas and staged a 48-...

  • DUBAI, United Arab Emirates— A major shareholder in Saudi airline Flynas says the discount carrier has reached a deal to buy $8.6 billion worth of planes from European plane-maker Airbus. Saudi billionaire Prince Alwaleed bin Talal's Kingdom Holding Company announced the deal Thursday, though it did not say how many aircraft or what type were involved.

  • PARIS, Jan 12- Qatar Airways is seeking strict guarantees as it talks to CFM International about supplying engines for a revamped order for Airbus narrow-body jets, which it expects to finalise "soon", its chief executive said on Thursday. CFM exclusively supplies engines for the competing Boeing 737 aircraft, which Qatar Airways has also ordered.

  • PARIS, Jan 12- Qatar Airways and others may soon re-introduce fuel surcharges because of a recent rebound in oil prices, the head of Qatar Airways said on Thursday. "We had to lower because oil prices were going down, but now we are starting to put prices up because oil prices are starting to go up," said Qatar Airways Chief Executive Akbar Al Baker, speaking after...

  • PARIS, Jan 12- Qatar Airways is in discussions with French-American engine maker CFM International about supplying engines for a revamped order for Airbus narrow-body jets that it expects to finalise "soon", its chief executive said on Thursday. Qatar Airways Chief Executive Akbar Al Baker acknowledged that his airline had received attractive prices when it...

  • Stocks to Watch: January 12, 2017

    Apple, Delta and Disney stocks are making headlines this Thrusday morning on Wall Street.

  • *Ships exposed through GPS systems, have limited back-up. *Cyber insurance typically doesn't cover jamming, property damage. LONDON, Jan 12- Shipping companies grappling with the threat of cyber attacks on vessels are finding insurance policies often fall short, officials involved in both industries say, a risk that could feed through into global prices.

  • SINGAPORE/ NEW DELHI, Jan 12- India's SpiceJet is set to seal an order for at least 90 new 737 jets from Boeing, two sources said on Thursday, as the low-cost carrier targets an expansion to tap into the South Asian nation's booming air travel market. The announcement for the 737 MAX aircraft- which includes at least 42 of the narrowbody jets SpiceJet had previously...

  • SINGAPORE/ NEW DELHI, Jan 12- India's SpiceJet is set to seal an order for at least 90 new 737 jets from Boeing, two sources said on Thursday, as the low-cost carrier targets an expansion to tap into India's booming air travel market. An agreement with SpiceJet, which has a current fleet of 40 planes, would be a much-needed boost for Boeing in India, as its rival Airbus has...

  • *Flights from Australia to Bali from Sat 21 Jan under review. SYDNEY/ JAKARTA, Jan 12- Indonesia has cleared Tigerair Australia to operate flights from Bali to Australia until Monday, allowing around 2,000 stranded passengers to return home, the airline said on Thursday. "After consultation with the Indonesian Government, Tigerair Australia has been granted...

  • Jan 12- United Continental Holdings Inc expects to cut some management employees as a part of its larger restructuring program. "While we don't have an exact figure now, a small number of our management team will be affected by reductions," said spokeswoman Megan McCarthy in a statement. Bloomberg earlier reported the staffing cuts.

  • Jan 12- United Continental Holdings Inc expects to cut some management employees as a part of its larger restructuring program. "While we don't have an exact figure now, a small number of our management team will be affected by reductions," said Mike Bonds, executive vice president of human resources, in a letter to employees last week. Bloomberg first reported the...

  • *Tigerair says it has approvals to fly to Bali until March 25. SYDNEY/ JAKARTA, Jan 12- Tigerair Australia on Thursday accused Indonesia of failing to honor an agreement allowing it to fly to Bali, a day after hundreds of the budget airline's passengers were stranded in the holiday destination due to a bureaucratic technicality. Tigerair flights from Melbourne,...

  • Elaine Chao testifies before a Senate Commerce Science and Transportation Committee confirmation hearing on her nomination to be transportation secretary on Capitol Hill in Washington, U.S., January 11, 2017

    The incoming Trump administration is looking to "unleash the potential" of private investors to boost the national transportation networks.

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