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Boeing jumps after FAA clears repair plan for return of 737 Max

Bloomberg Boeing Co jumped after regulators signed off on repairs that would end a temporary grounding of newer 737 Max models, clearing the way for the planemaker to resume deliveries of a jetliner crucial to its financial turnaround. The planemaker sent two service bulletins to 737 Max operators, providing instructions to repair a flight-deck electrical issue that sidelined 106 Max ...

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Vietnamese agency seeks airport in disputed island

Bloomberg Vietnam’s Civil Aviation Authority is proposing the construction of an airport in the disputed Spratly Islands, Thanh Nien newspaper reported. The aviation agency seeks to include a Spratlys airport in the transport ministry’s 2021-2030 master plan, Thanh Nien reported, citing the proposal sent to the ministry. The aviation agency’s May 10 proposal also includes airports on non-disputed islands of ...

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Canada Goose falls on spending plans

Bloomberg Parka maker Canada Goose Holdings Inc struck an upbeat tone for the coming year, with plans to add 10 stores, launch a footwear line and spend more on marketing, all while forecasting record revenue. With no tourism recovery in sight and spending plans putting pressure on margins, investors flinched. The Toronto-based company reported fourth-quarter earnings that beat analysts’ forecasts, ...

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