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...Revolut has hired Inam Mahmood, former head of ecommerce partnerships at TikTok UK, to lead a sales team of about 30 people for its so-called media strategy....
...The decision to explore a sale comes as the buyout market is starting to heat up after a slow 18 months....
...A jump in sales at BCG’s AI division also partly offset a slowdown in other parts of the business last year amid a tougher economic backdrop....
...The airline said its Max 9 fleet would gradually return to service by early February....
...The supplier has not reported a profit since 2019, before the coronavirus pandemic, posting a net loss of $546mn in 2022 on sales that exceeded $5bn....
...The airline said its technical operations team would fix the problem “to safely return the aircraft to service”....
...Other companies: Blackstone, DR Horton and Alaska Air Group will report earnings before the bell....
...The conditions remain in favour of financial performance for other divisions of defence and space, and global services....
...There are 215 Max 9 aircraft in service globally, according to data from aviation consultancy Cirium....
...“Each aircraft will be returned to service only after completion of full maintenance and safety inspections,” said Ben Minicucci, the airline’s chief executive, in a statement....
...“We are taking action on a comprehensive plan to bring these aeroplanes safely back to service and to improve our quality and delivery performance.”...
...Those are the very areas now being scrutinised following Calhoun’s admission that a “mistake” led to a piece of fuselage falling off an Alaska Airlines 737 Max 9 flight last week, leaving a hole and terrifying...
...The company has been reeling since January when a door panel blew out mid-air during an Alaska Airlines flight....
...The 171 Max 9 jets grounded after the Alaska incident are expected to return to service soon....
...“The safety of the flying public, not speed, will determine the timeline for returning the Boeing 737-9 Max to service,” the FAA said....
...operated by Alaska Airlines was the consequence of a “quality escape”....
...Spirit AeroSystems, one of Boeing’s main suppliers, built the door panel that blew out of the Alaska plane....
...Boeing has withdrawn a request for a safety exemption for a new version of its 737 Max jet that would have expedited its approval, raising questions over when the plane will enter service....
...Five US carriers have raised bag fees by $5 in the past two months, starting with Alaska Airlines and JetBlue Airways in January and February, then American Airlines, United Airlines and Delta in a two-week...
...The regulator reiterated on Friday what it had said throughout the week: “The safety of the flying public, not speed, will determine the timeline for returning the Boeing 737-9 Max to service.”...
...Analysts at Melius reckon the fleet could bring in nearly $27bn in sales in 2024, about 28 per cent of forecast Boeing group sales....
...Although the FAA also cleared the grounded Max 9 jets to return to service, the intervention on the ramp-up hit Boeing’s shares....
...The Alaska Airlines incident, however, puts the whole Boeing recovery effort to date into doubt. It suggests the underlying problems in Boeing production, sales and training might not have been solved....
...And it was good, finally, that Calhoun talked about quality improvements throughout the supply chain, not only as it applies to the 737-9, the model involved in the Alaska Airlines incident....
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