newszine

Pounding rains, flash floods drench northeastern United States

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(Reuters) – Severe wind and rain in the northeastern United States left thousands without power on Tuesday, as a record-breaking heat wave ebbed and a flash flood threat moved south with the storm. A man peers from a Lower East Side apartment window as a heatwave continued to affect the region in Manhattan, New York Read More

Fitch & Moody’s cut Boeing’s debt outlook over 737 MAX crisis

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International rating agencies Fitch and Moody’s have downgraded their outlooks for Boeing from “stable” to “negative,” citing uncertainty and delays in the plane maker’s 737 MAX jets’ return to service. The revision follows Boeing’s nearly $5 billion in quarterly losses related to the grounding of the jets over two recent deadly crashes. “The MAX situation Read More

Fitch, Moody’s cut Boeing’s debt outlook to ‘negative’ on 737 MAX problems

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(Reuters) – Fitch Ratings and Moody’s lowered their outlooks for Boeing Co (BA.N) to “negative” from “stable” on Monday, citing delays in its 737 MAX jets’ return to service. FILE PHOTO: Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, U.S. July 1, 2019. Picture taken Read More

Funds managing $2 trillion urge cement makers to act on climate impact

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LONDON (Reuters) – European funds managing $2 trillion in assets called on cement companies to slash their greenhouse gas emissions on Monday, warning that a failure to do so could put their business models at risk. With the extreme weather and natural disasters associated with climate change intensifying around the world, some asset managers are Read More

British Airways suspends flights to Cairo for seven days

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British Airways says it is suspending flights to Cairo for seven days “as a precaution”. In a statement, the airline said: “We constantly review our security arrangements at all our airports around the world, and have suspended flights to Cairo for seven days as a precaution to allow for further assessment. “The safety and security Read More

China Southern Airlines to receive $4 billion capital injection

4 days ago DieselGasoil Comments Off on China Southern Airlines to receive $4 billion capital injection
FILE PHOTO: The company logo of China Southern Airlines is displayed at a news conference in Hong Kong, China March 27, 2018. REUTERS/Bobby Yip SHANGHAI (Reuters) – China Southern Airlines (600029.SS) will carry out an equity diversification plan that will involve the injection of 30 billion yuan ($4.36 billion) of capital from three investors, the Read More

American Airlines-Qantas joint venture wins final U.S. approval

4 days ago DieselGasoil Comments Off on American Airlines-Qantas joint venture wins final U.S. approval
WASHINGTON (Reuters) – The U.S. Department of Transportation (DOT) on Friday granted American Airlines Group Inc (AAL.O) and Qantas Airways Ltd (QAN.AX) final approval to operate a joint venture after a prior effort was rejected in 2016. FILE PHOTO: An American Airlines airplane sits on the tarmac at LAX in Los Angeles, California, U.S., March Read More

Grounding of 737 MAX after two deadly crashes will cost Boeing $5 billion to date

5 days ago DieselGasoil Comments Off on Grounding of 737 MAX after two deadly crashes will cost Boeing $5 billion to date
The world’s biggest plane-maker Boeing said company revenue will take a $4.9 billion hit in the second quarter due to the worldwide grounding of its 737 MAX jets after two fatal crashes. That will be the biggest quarterly loss in Boeing’s history when it reports its financial results next week. According to the company, lost Read More

Trump meets with airline CEOs over Qatar subsidy accusations

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WASHINGTON (Reuters) – U.S. President Donald Trump met on Thursday with the chief executives of major American airlines to discuss their accusations that subsidies by Qatar and United Arab Emirates are costing jobs in the United States. FILE PHOTO: A Qatar Airways Boeing 787-8 Dreamliner airplane is pictured at Leonardo da Vinci-Fiumicino Airport in Rome, Read More