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Lufthansa trims expansion plans as profit miss hits stock

Bloomberg Deutsche Lufthansa AG is paying the price of chasing market share in its own backyard as the cost of integrating jets from collapsed rival Air Berlin Plc weighs on earnings. Lufthansa shares fell 9.5 percent, the biggest intraday drop in more than 2 years, after the German carrier’s latest results missed analyst estimates, forcing it to trim expansion plans ...

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Airline black boxes are a throwback in a world of cloud data

Bloomberg Once again, the world is transfixed with an undersea search to solve the mystery of why an airliner plunged into the ocean. With images of the years-long unsuccessful search for Malaysia Airlines Flight 370 still fresh, the Indonesian government has dispatched 34 boats and more than 800 military and civilian personnel in search of a Lion Air plane that ...

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New UAE decree aims to attract investments

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, issued a Decree-Law No. (19) of 2018 on Foreign Direct Investment (FDI) which aims to promote and develop the country’s investment environment, and attract foreign direct investment in line with the national development policies. In accordance with Article II, the decree-law aims to consolidate the country’s position ...

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