Airlines are shying away from buying more of the biggest jetliners produced by Boeing Co. (BA) and Airbus SE (EADSF) because of slowing passenger growth and a slump in air cargo traffic. Sales this year of the twin-aisle jets-- mainstays of intercontinental travel-- are on track to be the lowest in a decade, and their rental rates have fallen sharply, according to aircraft leasing companies. The grounding of the 737 MAX and production problems for single-aisle rival A320neo have focused...
Striking unions threatened to shut down South Africa's entire aviation industry on Sunday by extending industrial action beyond state-run South African Airways. SAA has cancelled hundreds of flights since the strike began on Friday, saying the stoppage is costing 50 million rand per day and jeopardising talks with lenders around much-needed funding, threatening its survival.
A union that called a strike at South African Airways said on Sunday it was consulting with workers on a secondary strike across the industry after talks with the state-run carrier ended without a deal. "This secondary strike will have the impact of shutting down the entire aviation sector," National Union of Metalworkers of South Africa spokeswoman Phakamile Hlubi-Majola told reporters.
Siemens AG (SMAWF) said Thursday that it has partnered with Juwi, a German renewable-energy company, to develop small-scale energy grids for the mining industry. Under the agreement, the two companies will work to develop and roll-out' microgrids' allowing the transfer of power from renewable energy sources to mines. The goal is to create a standardized solution for the industry to simplify the use of renewable energy in the sector, particularly for mine sites that operate off the grid,...
November 14, 2019 – NexTech AR Solutions the industry leader in the rapidly growing augmented reality space is pleased to announce that it has expanded its previously announced deal with Challenger Motor Freight Inc. one of the most technologically advanced logistics companies and one of the largest privately owned truckload carriers in Canada with over 1,500 trucks and 3,300 trailers.
Truckers edged back into hiring mode last month as overall logistics-sector job growth remained muted ahead of the holiday peak. Trucking company payrolls grew by 1,300 jobs in October, ending a three-month stretch of job losses, according to preliminary employment figures the U.S. Bureau of Labor Statistics released Friday.
Two of the main operators of the grounded Boeing (BA) 737 MAX jet, Southwest Airlines and American Airlines, are managing to surpass earnings expectations. But on closer inspection, Southwest's third-quarter report is much more encouraging. On Thursday, both U.S. carriers reported earnings-per-share above average forecasts by analysts.
American Airlines Group Inc. (AAL) said Thursday that the continued grounding of Boeing Co. (BA)' s 737 MAX airplanes and other operational challenges from labor contract negotiations weighed on its results and annual outlook. The carrier said it now expects the MAX cancellations will hurt its full-year pretax income by about $540 million. American's 24 Boeing (BA) 737 MAX jets have been grounded since March, crimping its growth plans.
The Turkish defense industry will not be hit by embargoes or bans on arms sales, the head of the presidency's Defense Industries Directorate was quoted as saying on Wednesday. European Union countries agreed on Monday to limit arms exports to Turkey over its offensive even as they stopped short of a bloc-wide embargo against a NATO ally.
United Airlines on Tuesday beat Wall Street estimates for quarterly profit, boosted by strong travel demand and lower fuel costs, and lifted its full-year profit forecast despite the grounding of its Boeing 737 MAX fleet. The U.S. airline now expects its 2019 adjusted earnings to be between $11.25 and $12.25 per share, compared with its previous range of $10.50 and $12.
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