Business Transportation

  • GOVERNMENT TO REMOVE CAP ON TAKE-OFFS AND LANDINGS AT NEWARK LIBERTY AIRPORT IS GREAT NEWS.

  • Emirates has ordered 142 of the A380s, of which 75 are in operation, and has used the aircraft to ease runway constraints at its Dubai hub. I think they will continue producing this aircraft, "Sheikh Ahmed told reporters at a travel conference in Dubai. Abu Dhabi- owned rival Etihad has bought stakes in several other airlines including India's Jet Airways, Air Berlin...

  • TORONTO, April 26- Canada's main stock index rose on Tuesday as higher oil prices supported energy stocks, while financial sector and materials stocks also advanced, offsetting losses for railway stocks. The Toronto Stock Exchange's S&P/TSX composite index was up 28.00 points, or 0.20 percent, at 13,823.99, shortly after the open. Seven of the index's 10 main...

  • NAIROBI, April 26- The Kenya Airline Pilots Association issued a two day strike notice to Kenya Airways on Tuesday, demanding the immediate resignation of Chief Executive Mbuvi Ngunze and criticising his turnaround strategy. "This will be the first step towards recovery of Kenya Airways," the association said in a statement. Kenya Airways is one of the largest...

  • DETROIT- April 26- The automotive and tech companies pursuing the driverless car share a utopian belief: Autonomous vehicles will benefit society, eventually saving most of the nearly 33,000 people each year killed in road accidents in America alone. "If the situation was reversed, and we had automated vehicles today and someone proposed to let people drive...

  • "These things are crawling all over my city" in tests, "but I had to come to Austin to ride in one," said Liccardo. And so behind the technology display here in Austin was something as formidable as the technology but far less noticed: Google is mounting a lobbying and public-relations campaign across America to win acceptance for "autonomous vehicles," as they're...

  • WASHINGTON, April 26- Alphabet Inc's Google unit, Ford Motor Co, the ride-sharing service Uber and two other companies said on Tuesday they are forming a coalition to push for federal action to help speed self-driving cars to market. Sweden- based Volvo Cars, which is owned by China's Zhejiang Geely Holding Group Co, and Uber rival Lyft also are part of the...

  • The U.S. budget carrier said net income grew 45.6 percent from a year ago to $199 million, or 59 cents per share. Analysts on average were expecting 53 cents per share, according to Thomson Reuters I/B/E/S. New York- based JetBlue also said that it paid on average $1.17 per gallon of fuel in the quarter, down 43 percent from a year ago, in part because it was not locked into...

  • April 26- JetBlue Airways Corp on Tuesday reported a first-quarter profit above analysts' estimates as cheap fuel and revenue from new checked bag fees and first-class seats added to its bottom line. The U.S. budget carrier said profit grew 45.6 percent from a year ago to $199 million, or 59 cents per share. Analysts on average were expecting 53 cents per share,...

  • *Tripoli- based NOC is internationally recognized as sole exporter. BENGHAZI, Libya, April 26- A government based in eastern Libya shipped its first cargo of crude on Monday in defiance of authorities in the capital Tripoli, a bold move that could deepen the divisions that have brought chaos since the fall of Muammar Gaddafi. The eastern government has set up its...

  • Excluding special items such as lease termination costs, profit rose by 2 percent to $72.3 million, or $1.01 per share, compared with the average analyst estimate of 96 cents, according to Thomson Reuters I/B/E/S. "The pricing environment remains very competitive, but we aren't just sitting passively by," Chief Executive Bob Fornaro said in a news release.

  • BEIJING, April 26- China Southern Airlines said on Tuesday its subsidiary Xiamen Airlines has signed a 5.5 billion yuan order with Boeing Co for buying 10 B737 jets. According to Boeing's last forecast issued in August 2015, China will need 6,330 planes over the next 20 years, a 5 percent rise from its previous year's forecast. In December, Xiamen Air had agreed to...

  • Canada's biggest railroad, which reported a 4.3 percent fall in first-quarter revenue, said it now expected 2016 adjusted earnings per share to match last year's C $4.44. Reduced freight volumes due to a slump in oil prices, a string of bankruptcies in the coal industry and increased competition from trucks have been weighing on railroad operators in Canada...

  • DUBAI, April 25- Qatar Airways is speaking to Boeing to secure substitute aircraft after further problems were discovered with the Airbus A320neo, the airline's chief executive said on Monday. The Gulf airline could walk away from between four and six aircraft orders that have yet to be delivered after problems affected the A320s hydraulics and software,...

  • Solar powered plane 'Solar Impulse 2', piloted by Swiss adventurer Bertrand Piccard, flys over the Golden Gate bridge in San Francisco, after a flight from Hawaii

    Solar-powered aircraft, Solar Impulse 2 has finished the ninth leg of its round-the-world trip over the weekend, after being grounded in Hawaii.

  • DUBAI, April 25- Qatar Airways is speaking to Boeing to secure substitute aircraft after further problems were discovered with the Airbus A320neo, the airline's chief executive said on Monday.

  • SINGAPORE, April 25- Falling Iraqi oil exports have eased a huge traffic jam of tankers waiting to load crude at the Iraqi port of Basra, with queuing times falling by about a third this month, shipping data showed. Iraq typically cuts Basra exports whenever there is a backlog of ships waiting to load. Delays to load Basra heavy crude have fallen to an average of 11-12...

  • Montreal, April 24- Reports that Bombardier Inc is involved in launching an airline in Iran are inaccurate, the Canadian planemaker said on Sunday, although it confirmed it was in talks for sales as its executive chairman visited the country to drum up business. Bombardier Executive Chairman Pierre Beaudoin led a delegation of company aviation and rail...

  • *Wave of China electric vehicle start-ups. BEIJING/ DETROIT, April 25- Tomorrow's cars will be all-electric, self-driving, connected to high-speed communications networks... and free. "Tesla's a great company and has taken the global car industry to the EV era," Jia said in an interview at the Beijing headquarters of his Le Holdings Co, or LeEco.

  • *China's technology currently lags U.S., Europe. BEIJING, April 23- In the race to develop self-driving cars, the United States and Europe lead in technology, but China is coming up fast in the outside lane with a regulatory structure that could put it ahead in the popular adoption of autonomous cars on its highways and city streets. China's top-down approach could...

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