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Business Transportation

  • *Ryanair has set sights on Germany. FRANKFURT, Jan 10- Ireland's Ryanair has overtaken Lufthansa as Europe's biggest airline by passenger numbers after the German carrier on Tuesday reported a meager 1.8 percent rise in the number of people it flew in 2016.. Lufthansa is expanding its Eurowings budget brand to try and regain market share lost in Europe and it is...

  • Jan 10- Southwest Airlines Co said on Tuesday it expected smaller decline in fourth-quarter unit revenue, a closely watched metric, citing an improvement in average fares for U.S. flights booked at the last minute. The No. 4 airline by passenger traffic said it expects unit revenue to be down 3-4 percent for the quarter, compared with its December forecast of a...

  • Jan 10- Southwest Airlines Co said on Tuesday it expected a smaller decline in fourth-quarter unit revenue, a closely watched metric, citing an improvement in average fares for U.S. flights booked at the last minute. The No. 4 airline by passenger traffic said it expects unit revenue to be down 3-4 percent for the quarter, compared with its December forecast of a...

  • *May consider listing on either HK, Singapore or Tokyo bourse-CEO. Vietnam's only privately owned airline may consider listing on either the Singapore, Hong Kong or Tokyo bourses, CEO Nguyen Thi Phuong Thao, the nation's first female billionaire, told Reuters in an interview on Tuesday. "VietJet hopes to become Vietnam's first company to successfully go to the...

  • HO CHI MINH CITY, Jan 10- VietJet, Vietnam's only private airline, has the financial backing it needs to finance the country's biggest ever aircraft order from both Airbus and Boeing, its founder and chief executive, Nguyen Thi Phuong Thao, said. VietJet, which is expanding its international routes, announced in May last year that it had ordered 100 Boeing 737 MAX 200...

  • Ford Mustangs go through assembly at the Ford Flat Rock Assembly Plant August 20, 2015 in Flat Rock, Michigan.

    Carmakers used the Detroit Auto Show to talk up their U.S. production, likely reacting to Trump’s all-hours tweets, an analyst said Tuesday.

  • DETROIT, Jan 9- General Motors Co Chief Executive Mary Barra says often that the auto industry will change more during the next decade than it has in the past half-century, as she highlights how GM will keep up. In 2016, it has invested nearly $1 billion to buy a self-driving car technology startup, Cruise Automation; invested $500 million into ride services...

  • MILAN/ PARIS, Jan 9- Alitalia and its shareholders presented their latest business plan to Italy's government on Monday, paving the way for crunch talks with unions over up to 2,000 job cuts that could decide the future of the struggling carrier. Italy's flag carrier approved on Dec. 22 a short-term financing deal and a new strategy, including job cuts, that allowed...

  • LONDON, Jan 9- A European Union proposal to impose a levy on ships over their greenhouse gas emissions risks undermining the sector's global efforts to tackle the issue, the UN shipping agency's chief said on Monday. The proposals will go to a plenary vote in February and the EU's three law-making bodies- member states, the European Commission and the European...

  • DOHA, Jan 9- Saudi Arabia appointed a new chairman of Saudi Arabian Airlines by royal decree on Monday in a management shake-up. Ghassan bin Abdulrahman al-Shabal was appointed chairman of the board of directors of the state-owned airline, said Saudi state news agency SPA. SPA said representatives of the finance, economy and civil service ministries and the...

  • The government is due to get commitments from banks over the next two weeks for a $3 billion loan to back the $35 billion airport project, while the exhibition center is estimated to require total financing of around $7 billion, they said. The $3 billion loan for the airport expansion is split between a $2 billion conventional tranche and a $1 billion- equivalent,...

  • Alphabet's Waymo is "closer to scaling our technology to potentially millions of people every day," said John Krafcik, the CEO.

  • DETROIT, Jan 8- Google unveiled its latest self-driving system in a Chrysler Pacifica minivan during a Sunday preview ahead of the Detroit auto show, saying the technology is more reliable and affordable. The announcement came from John Krafcik, head of Google's Waymo unit, whose search for partners to develop and install the company's autonomous driving...

  • LAS VEGAS, Jan 8- Automotive suppliers and automakers are expanding alliances to develop self-driving car technology that can serve multiple automakers, as the race to put such vehicles on the road separates companies that can go it alone from those that need help sharing the financial and technical burdens. "What's going on in the industry right now is like a...

  • LAS VEGAS, Jan 8- Automotive suppliers and automakers are expanding alliances to develop self-driving car technology that can serve multiple automakers, as the race to put such vehicles on the road separates companies that can go it alone from those that need help sharing the financial and technical burdens. "What's going on in the industry right now is like a...

  • LAS VEGAS, Jan 8- Automotive suppliers and automakers are expanding alliances to develop self-driving car technology that can serve multiple automakers, as the race to put such vehicles on the road separates companies that can go it alone from those that need help sharing the financial and technical burdens. "What's going on in the industry right now is like a...

  • ISTANBUL, Jan 7- A snowstorm forced the closure of Turkey's key shipping straits and sweeping flight cancellations on Saturday, while hazardous roads left many drivers stranded overnight in Istanbul, a city of 15 million people. The Bosphorus strait, which runs through Istanbul, and the Dardanelles strait further south were closed to transit shipping due to...

  • ISTANBUL, Jan 7- A snowstorm forced the closure of Turkey's key shipping straits and sweeping flight cancellations on Saturday, while hazardous roads left many drivers stranded overnight in Istanbul, a city of 15 million people. The Bosphorus strait, which runs through Istanbul, and the Dardanelles strait further south were closed to transit shipping due to...

  • MEXICO CITY, Jan 6- A consortium including a construction company controlled by billionaire Carlos Slim has clinched the terminal project at Mexico City's new $13 billion airport, Mexican officials said on Friday. The construction arm of Slim's Grupo Carso and his majority-owned FCC submitted a bid of 84.8 billion Mexican pesos for the project, which is due to...

  • Five cents

    The Dow Jones industrial average came within 0.37 points of reaching 20,000 on Friday, but that doesn't tell the whole story.

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