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  • LONDON, June 2- The shareholders of Middle East container shipping group United Arab Shipping Company back the company's merger talks with German rival Hapag-Lloyd although there has not yet been a vote to approve a deal, UASC said on Thursday. If a deal is reached it will create a group with an estimated combined enterprise value of around 7 billion to 8 billion...

  • *Norway widens ban of Airbus H225 helicopter. OSLO, June 2- The European Aviation Safety Authority on Thursday grounded Airbus H225 LP and AS332 L2 Super Puma helicopters following the discovery of metal fatigue in the gearbox of a Super Puma that fatally crashed in Norway on April 29. The Super Pumas, a workhorse of the offshore oil industry, were banned from...

  • DUBLIN, June 2- Airlines around the world expect to agree by the end of 2016 on the best way to quickly recover data from the so called' black boxes' on every plane that record flight information and help shed light on the causes of air disasters. The black box recorders from EgyptAir MS804 are still being sought two weeks after it disappeared over the Mediterranean...

  • The company is testing out its pizza on a bus service, which allows customers to receive their orders upon arriving at their stop.

  • DUBLIN, June 2- The International Air Transport Association called on Thursday for countries with tight currency exchange rate controls including Venezuela and Nigeria to release $5 billion worth of local ticket sales revenues owed to foreign airlines, or risk losing their services. IATA said on Thursday that airline revenues worth $5 billion were...

  • DUBLIN, June 2- Airlines should make more money than previously expected this year, the International Air Transport Association said on Thursday, helped by low oil prices and work by airlines to fill planes and drive ancillary revenues. IATA, representing over 260 airlines accounting for 83 percent of global air traffic, is now forecasting they will make a...

  • *Global airline net profits seen at $39.4 bln in 2016. DUBLIN, June 2- Global airlines should make more money than previously expected this year, the International Air Transport Association said on Thursday, helped by low oil prices and work by airlines to fill planes and drive ancillary revenues. IATA said it forecast net profit of $39.4 billion for the industry...

  • DUBLIN, June 1- Canada's Bombardier Inc believes it has turned the corner with its troubled CSeries jet programme and is confident of posting further wins on top of a recent major order from Delta Air Lines, its chief executive said. Interviewed at a meeting of global airlines in Dublin, Alain Bellemare declined to say when the Canadian company might come up with...

  • OSLO, June 1- Norwegian investigators looking into the cause of a fatal North Sea helicopter crash have sent a recommendation to European air safety authorities about a possible safety issue with the model's gearbox, they said on Wednesday. Since then the helicopter model, a workhorse of the oil industry, has been grounded for commercial flights in Norway and...

  • OSLO, June 1- Norwegian investigators looking into the crash of an Airbus H225 Super Puma helicopter in April that killed 13 people have sent a safety recommendation to European safety authorities regarding the model's gearbox, they said on Wednesday. "Recent metallurgical findings have revealed features strongly consistent with fatigue in the outer race...

  • DUBLIN, June 1- Canada's Bombardier Inc believes it has turned the corner with its troubled CSeries jet program as it prepares to enter service and is confident of posting other wins such as a recent major order from Delta Air Lines, its chief executive said. Interviewed at a meeting of global airlines in Dublin, Alain Bellemare declined to say when the Canadian...

  • MOSCOW, June 1- The Russian Economy Ministry said on Wednesday that it has selected VTB Capital to organise privatisation of 25 percent minus one share of shipping company Sovcomflot.

  • MOSCOW, June 1- The Russian Economy Ministry said on Wednesday that it has selected VTB Capital to organize privatization of 25 percent minus one share of shipping company Sovcomflot.

  • SAO PAULO, June 1- Brazilian planemaker Embraer SA said on Wednesday it would stop producing Legacy 650 executive jets in China, ending a 13- year joint venture at a factory in Harbin amid weak demand for private aircraft in the country. Embraer said it remained committed to serving Chinese demand for commercial and executive aircraft and supporting local...

  • MOSCOW, June 1- Russia's largest shipping company Sovkomflot plans to issue U.S. dollar-denominated Eurobond to repay its existing debts, a banking source told Reuters on Wednesday. Sovkomflot has mandated Citi, J.P. Morgan, ING, Sberbank CIB and VTB Capital to arrange the issue, according to the source.

  • DUBLIN, June 1- Finnair is considering adding more narrowbody A321 jets to its fleet as it attracts more passengers from Asia, its chief executive said, adding the airline was only seeing a small impact on travel demand from recent attacks. "We are currently looking for some additional ones," Pekka Vauramo, CEO of Finland's state-controlled carrier, said in an...

  • Juno takes on Uber, gives drivers equity

    Talmon Marco, Juno co-founder and CEO, provides insight to his new ride sharing service.

  • World’s Longest Tunnel Opens

    Switzerland's Gotthard Base Tunnel formally opens today, with a route length of 57.09 kilometers (35.5 miles) it is the world's longest and deepest traffic tunnel.

  • BEIJING/ SINGAPORE, June 1- China seized a tanker and detained several people last month, including one employee of Swiss trading house Gunvor, as part of a probe into suspected tax evasion on imported oil, Chinese and trading industry officials said. "Gunvor itself has not been formally notified of any investigation involving the company," a Geneva- based...

  • HOUSTON/ LONDON, May 31- Four tankers carrying over 2 million barrels of U.S. crude are stuck at sea and cannot discharge at a Caribbean terminal because Venezuela's PDVSA has not yet paid supplier BP Plc, according to two sources and Thomson Reuters vessel tracking data. The cargoes are part of a tender Petroleos de Venezuela, known as PDVSA, awarded in March to BP...

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