Business Transportation


  • BERLIN, Sept 7- Lufthansa cancelled just under half of its long-haul flights planned for Tuesday after pilots' union Vereinigung Cockpit called an all-day strike in a long-running dispute over pay, retirement benefits and cost cuts. The union said on Monday the strike, the 13th walkout in 18 months, would affect long-haul passenger flights and cargo flights out...

  • *Long-haul flights, cargo flights from Germany affected. The union said on Monday the strike, the 13th walkout in 18 months, would affect all long-haul passenger flights and all cargo flights out of Germany from 0600 GMT to 2159 GMT on Tuesday. Lufthansa is trying to cut costs as it battles to maintain market share against budget rivals such as Ryanair, which are...

  • *CEFC buys majority stake in Pivovary Lobkowicz Group. PRAGUE, Sept 5- China's sixth largest private company CEFC added to a weeklong buying spree in the Czech Republic on Saturday, announcing deals to buy a majority stake in a top brewery group and a share in an airline company in the central European country. CEFC, which counts energy and financial services as its...

  • Baffling: Indonesia scraps $5B bullet train deal Saturday, 5 Sep 2015 | 3:23 AM ET
    Joko "Jokowi" Widodo.

    Indonesia's 11th-hour decision to scrap plans for the nation's first high-speed railway has sown confusion among top investors China and Japan.

  • PRAGUE, Sept 5- CEFC China Energy Company has acquired a 10 percent stake in airline operator Travel Service and plans to raise its stake even further, it said on Saturday. Travel Service is the second-largest shareholder in Czech Airlines, after Korean Air. CEFC said it planned to acquire a further 39.92 stake in Travel Service as part of the deal.

  • *Will "comfortably" reach 2015 adj EBIT of over 1.5 bln eur. FRANKFURT, Sept 4- Lufthansa's drive to cut costs on its European routes and invest billions in its fleet are paying off, with the German airline enjoying a better than expected summer, its chief executive told Reuters on Friday. "We have seen the strongest summer ever, business has been substantially better...

  • Lufthansa CEO sees opportunities in Iran Friday, 4 Sep 2015 | 9:22 AM ET

    FRANKFURT, Sept 4- Germany's Lufthansa is excited by the possibilities offered by the opening up of Iran, especially for its maintenance and catering divisions, the airline group's chief executive told Reuters. Carsten Spohr said he would be travelling to Iran shortly and that talks with partners had intensified. Iran and six world powers struck a deal on...

  • Airbus orders reach 754 jets after August surge Friday, 4 Sep 2015 | 5:31 AM ET

    PARIS, Sept 4- European planemaker Airbus said on Friday that it won 754 orders in the first eight months of the year, boosted by an order surge last month that included one worth $26.55 billion at list prices from Indian carrier IndiGo. Airbus delivered 397 aircraft in the period from January to August, according to its latest figures published on Friday.

  • JAKARTA, Sept 4- Japan must drop its requirement for government guarantees if it wants to stay in the race against China to build an Indonesian railway link from Jakarta to Bandung, a senior minister said on Friday. Meanwhile China doesn't require that. Indonesia scrapped plans for the nation's first high-speed railway linking the two cities at the 11th hour on...

  • Flaperon confirmed as debris from MH370: France Thursday, 3 Sep 2015 | 10:12 PM ET
    French gendarmes and police inspect a large piece of plane debris which was found on the beach in Saint-Andre, on the French Indian Ocean island of La Reunion, July 29, 2015. French prosecutor announced on Thursday that we can say with certainty that the wing part found on Saint-Andre beach was from missing Malaysia Airlines Flight MH370.

    The piece of wing found on Reunion Island has been formally identified as part of the wreckage of Malaysian Airlines flight MH370.

  • This Chinese firm will make cars for Boston's subway Thursday, 3 Sep 2015 | 7:50 PM ET
    People look at booth of CRRC during UrTran 2015 on June 16, 2015 in Beijing, China.

    China's encouraging its technology and infrastructure companies to export their skills abroad, the New York Times reports.


  • LONDON, Sept 3- EasyJet raised its full-year profit outlook on Thursday to forecast growth of up to 21 percent after a record number of August passengers turned to the British low-cost airline to get away. EasyJet said it now expected full-year profit before tax to be in a range of 675 million pounds to 700 million pounds for the year to the end of September,...

  • Train travel blocked by migrants in Europe Wednesday, 2 Sep 2015 | 1:08 PM ET
    Train travel blocked by migrants in Europe

    Five Eurostar trains were delayed for hours, with thousands stranded, reports CNBC's Wilfred Frost.

  • Trading the transports Wednesday, 2 Sep 2015 | 1:06 PM ET
    Trading the transports

    CNBC's Morgan Brennan reports on beaten up transport stocks.

  • ADDIS ABABA, Sept 2- Djibouti's relaunched national airline, now managed by a company run by the frontman of English heavy metal band Iron Maiden, is looking to remake itself as an Africa- wide air freight service, it said on Wednesday. Tiny Djibouti is sandwiched between Eritrea, Somalia and Ethiopia in the Horn of Africa, sitting strategically at the Red Sea and...

  • FAA names two new officials to lead on drone policy Wednesday, 2 Sep 2015 | 11:08 AM ET

    The agency also named FAA official Earl Lawrence as director of its UAS Integration Office, an existing position responsible for crafting new commercial drone regulations that are expected early next year. Lawrence, who joined FAA in 2010, previously led the agency's Kansas City- based Small Airplane Directorate, which is charged with regulating small...

  • China defense spending to double by 2020: Report Wednesday, 2 Sep 2015 | 10:12 AM ET
    A file photo of a military parade in front of Tiananmen Gate in Beijing.

    China is forecast to double its annual defense budget by the end of the decade, according to a study published on Wednesday.

  • Trading the transports Wednesday, 2 Sep 2015 | 8:43 AM ET
    Trading the transports

    CNBC's Morgan Brennan takes a look at several transport stocks that have benefited from the tank in oil prices.

  • Opportunity in transports Wednesday, 2 Sep 2015 | 6:54 AM ET
    Opportunity in transports

    CNBC's Morgan Brennan looks at a few select transport stocks poised for growth despite a weakening global economy.

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