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...The PIF is planning, for example, to launch a new airline Riyadh Air, with a goal to fly to 100 destinations by 2030....
...It is “a big obstacle” for Ethiopian Airlines and affects “nearly all African airlines” who are not able to expand their services, Ethiopian Airlines Group chief executive Mesfin Tasew told the Financial...
...De Luis’s sister was a UN interpreter who was killed in a 2019 crash of an Ethiopian Airlines-operated 737 Max that was caused by a design flaw in the plane....
...The wreckage of the Japan Airlines plane at Tokyo’s Haneda airport is testimony to the fierceness of the blaze that consumed it on Monday evening after it collided with a smaller plane....
...The fatal crashes of a Lion Air flight in 2018 and an Ethiopian Airlines flight in 2019 led to Boeing’s 737 Max 8 planes being grounded for 20 months....
...When Icahn acquired CVR he was near the height of his powers after conducting bruising campaigns against corporate giants such as Texaco and Trans World Airlines....
...The experts found that “many Boeing employees did not demonstrate knowledge of Boeing’s enterprise-wide safety culture efforts, nor its purpose and procedures”....
...He recently won board seats at utility AEP and airline JetBlue, and continues to pressure genomics specialist Illumina after ousting some of its directors last year....
...He moved to United Airlines in 1994....
...“You’ve got very little of the old, one-market airline. And we think the same is starting to happen in Latin America.”...
...By midweek, United Airlines and Alaska Airlines had discovered loose parts on other Max 9 jets, indicating that the issue forcing flight 1282’s emergency landing wasn’t simply a freak one-off....
...government to sell next £1bn stake in NatWest Fiscal policy: Gary Lineker in £4.9mn tax battle with HMRC over freelance earnings Inflation: Inflation tests pricing power of global brands Market structures: Ethiopian...
...On Monday, ANA gave its workers an average wage increase of 5.6 per cent, the highest for the airline since 1991. Honda last month agreed to a 5.6 per cent annual pay bump, the highest since 1989....
...Some of these get announced but do not close quickly for regulatory reasons such as the planned combination of JetBlue Airways and Spirit Airlines....
...Most of Europe’s airlines look cheap these days, and Norwegian more so. On an enterprise value just two times forward ebitda, the stock trades about a third below peers....
...However, the company clearly thinks that markets are a promising enterprise, and it has nine contracted sites set to open between 2023 and 2027....
...It also paid about $450mn in compensation to customers after a door panel blew out on an Alaska Airlines flight....
...Investors had expected the Max 7 to be certified in the first half of this year before being delivered to its first customer, Southwest Airlines....
...also a serial entrepreneur, responsible for reviving Savile Row tailoring business Norton & Sons; buying, then bringing back from insolvency, the textile factory Cookson & Clegg; and creating the social enterprise...
...Amid New Orleans festivities, rainmakers wonder if the party is over for Delaware Delaware, Inc. may be the enterprise now under the most intense activist threat....
...Icahn entered public consciousness in the 1980s when he won control of Trans World Airlines using financing from junk bond king Michael Milken....
...“Financing through the capital market is a self-rescue behaviour for these enterprises,” said Chen Wei, partner at the law firm Commerce & Finance, which advised Air China on the placement....
...Sadly, a dearth of airline orders compelled Airbus to pull the plug on the jet in 2019....
...Rome has found itself in a row with European airlines, led by Ryanair, over its attempt to cap airfares after ticket prices to popular holiday islands soared over the summer....
...Both shares trade at an enterprise value-to-forward ebitda of 11.5, below the 10-year average....
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