LISBON, Portugal— The Portuguese government says it has agreed to buy 50 percent of the country's carrier TAP Air Portugal for 1.9 million euros. Prime Minister Antonio Costa, Planning and Infrastructure Minister Pedro Marques and Finance Minister Mario Centeno were at the ceremony in Lisbon. On Jan. 7, the Cabinet announced it was annulling the concessions to...» Read More
First comes China. Could Japan be a draw for e-hailing enabled companies?
United CEO Oscar Munoz had a heart attack sometime in the past 24 hours and is currently in a Chicago hospital, Dow Jones reported Friday.
UNITED AIRLINES- INFORMED BY CEO OSCAR MUNOZ'S FAMILY THAT HE WAS ADMITTED TO THE HOSPITAL ON THURSDAY; WILL PROVIDE FURTHER DETAILS AS APPROPRIATE.
Oct 16- United Continental Holdings Inc Chief Executive Oscar Munoz suffered a heart attack and is in a Chicago hospital, The Wall Street Journal reported on Friday. He replaced Jeff Smisek, who resigned because of internal and federal investigations into the carrier's relationship with the Port Authority of New York and New Jersey. The probes have focused on...
CNBC's Phil LeBeau details U.S. Airways' change to American, and whether commuters have any reason to worry.
Oct 16- United Airlines Chief Executive Oscar Munoz suffered a heart attack and is in a Chicago hospital, CNBC reported, citing Dow Jones.
The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 1.4 percent, to 3,534.07, while the Shanghai Composite Index gained 1.6 percent, to 3,391.35 points. Underscoring how market sentiment has improved, Friday's trading volume in Shanghai hit a six-week high. Shares of Air China, China Eastern and China Southern Airlines surged, after...
Ford Motor's China JV will recall roughly 220,000 Kuga sports-utility vehicles over potential fuel leakages, China's quality watchdog said.
Commuters in North Carolina saw heavy delays on Thursday after a truck carrying 3,100 pounds of live chickens crashed on a local highway.
Cities around China are carving out tracts of land for school parks - dubbed "education factories" - designed for hundreds of thousands of students.
Oct 14- Delta Air Lines Inc on Wednesday forecast a buyer's market for used widebody planes, raising concern about Boeing Co's ability to command prices for new aircraft when airlines can buy old ones on the cheap. In particular, he said leases of used A330-200 aircraft from Airbus Group SE would be five times cheaper than new ones. He said decade-old 777-200...
Commuters in Rochester, New York saw heavy delays on Monday after a truck carrying heads of cabbage overturned on Interstate 490.
The three biggest firms-- Maersk Line A/S, Mediterranean Shipping Company, and CMA CGM S.A.-- have 35 percent of the world market, the report said. There were now 32 such countries, up from 22 in 2004. Most are small island states such as Kiribati, Micronesia and Samoa. But the list also includes Iceland, Qatar, Iraq, Latvia, Eritrea, Montenegro and Cambodia.
NEW YORK, Oct 14- Delta Air Lines Inc on Wednesday said it will put the brakes on its expansion of flight capacity in 2016, in a move to fill up more planes and sell more seats at higher fares. In morning trade, shares of the Atlanta- based airline rose 2.4 percent after Delta also posted higher-than-expected adjusted profits of $1.38 billion, up 36 percent from a year...
CNBC's Jim Cramer made his remarks after the airline posted better-than-expected earnings.
Oct 14- Delta Air Lines Inc expects the United States and Brazil to reach an aviation deal that removes restrictions on flights between the countries in the next year, the airline's president told investors on a call Wednesday. A so-called "Open Skies" deal would allow Delta and its airline partner Gol Linhas Aereas Inteligentes SA to apply for immunity from...
DELTA EXPECTS TO APPLY FOR IMMUNITY FROM ANTITRUST LAW WITH BRAZILIAN AIRLINE PARTNER GOL AFTER COUNTRIES REACH AVIATION DEAL-DELTA PRESIDENT.
DELTA AIR LINES EXPECTS UNITED STATES AND BRAZIL TO REACH DEAL REMOVING FLIGHT LIMITS BETWEEN THE COUNTRIES IN NEXT YEAR- DELTA PRESIDENT.
NEW DELHI/ SINGAPORE, Oct 14- Air India's new chief is betting an' open door' policy will help defuse years of soured relations with the flag carrier's more than 20,000 staff, paving the way for potentially painful change at the loss-making airline. Ashwani Lohani, a 56- year-old engineer and tourism bureaucrat with no experience running an airline, describes his...
India has drafted regulations for ride-hailing companies, including Uber and its domestic rival Ola.