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Companies and their backers are starting to show more signs of acceptance of valuation cuts in ‘down round’ financing
...Leading operators include United Airlines, Alaska Airlines and Delta Air Lines....
...The transport ministry said on Thursday that it made the decision after inspections of the three 737 Max 9 jets operated by low-cost carrier Lion Air and checks with the US Federal Aviation Administration...
...This is set to be a record-breaking year for air travel. Some 4.7bn people are expected to take to the skies in 2024, according to the International Air Transport Association....
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...This compares with global air passenger volumes, which are only likely to exceed pre-pandemic levels this year, according to trade group Airports Council International....
...US federal regulators have temporarily grounded some Boeing 737 Max planes in American airspace after a section of an Alaska Airlines jet blew out in mid-air....
...ringing out and missiles hitting the cockpit, you’re half-minded to check your own screen for damage....
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...Nevertheless train operators including LNER and Avanti on the East and West Coast lines, respectively, warned of disruption and urged passengers to check before travel....
...ECB vice-president Luis de Guindos told Le Monde in an interview published on Tuesday that this was now a “fait accompli” as long as price pressures remained in check....
...Air and sea routes offer some alternatives but currently the risks associated with delivering aid by plane or ship make this perilous....
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...News of United’s discovery, which was first reported by the trade publication The Air Current, hit Boeing’s shares further....
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Loss of air pressure → Lots of cash pressure
...The DMA, a sweeping set of rules unveiled in March 2022, aims to keep in check the market power of six “gatekeepers”: Alphabet, Amazon, Apple, ByteDance, Meta and Microsoft....
...The planes were grounded following a mid-air blowout of a plugged door in the middle of an Alaska Airlines flight on Friday....
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Investigators locate door plug that blew out of 737 Max aircraft
International Edition