Tuesday, May 21, 2019

Ryanair profit hits 4-year low, warns of further pain

Ryanair reported its weakest annual profit in four years and said earnings could fall further as Europe suffers what Chief Executive Michael O'Leary described...

Reporter shot and killed in Mexican tourist resort

A crime reporter has been shot and killed in the beach resort of Playa del Carmen on Mexico's Caribbean coast, authorities said yesterday, the...

U.S. cancels $929 mln in California high speed rail funds after appeal rejected

The Trump administration said yesterday it was formally cancelling $929 million in previously awarded funding for California's high-speed rail program after rejecting an appeal...

Airlines face scramble to restore 737 MAX flights once regulators approve fix

Once global regulators clear Boeing Co's 737 MAX to fly again after deadly crashes, airlines which have put their fleets into mechanical hibernation since...

Boeing, aerospace group urge limits to U.S. tariffs over EU subsidies

Senior officials from Boeing Co and a U.S. aerospace trade group on Wednesday urged the U.S. government to narrowly tailor any tariffs imposed on...

Airlines should eliminate single-use plastics in five years

Airlines should get ahead of regulators by voluntarily eliminating single-use plastic within five years, the chief executive of Portuguese charter Hi Fly said, ahead...

Air taxi startup Lilium stages test ‘hover’ of 5-seater prototype

Air taxi startup Lilium has staged a successful maiden flight of a five-seater prototype that it hopes to bring into service by 2025 to...

Azeri firm targets Montenegro tourism boom with luxury resort

An Azeri company opening a 1 billion euro superyacht marina in Montenegro this month expects the project to pave the way for at least...

India’s Jet Airways sees management exodus as rescue hopes dim

The chief executive and two other senior figures at Jet Airways have quit, the Indian company said yesterday, further eroding any hopes of a...

Boeing deliveries hammered by 737 MAX groundings

Boeing Co handed over 24 percent fewer jet airplanes in the first four months of 2019 compared with the same period a year earlier...

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