Bloomberg A new South Korean budget carrier says it can help push air fares down by as much as 30 percent and still stay profitable in a market already crowded with six rivals. Aero K Airlines Co., backed by venture capital funds, plans to use new, fuel-efficient aircraft and a base where airport levies are at least 60 percent cheaper …

Bloomberg Regulators in India are stepping up scrutiny of Pratt & Whitney’s new jet engines as the US manufacturer tries to overcome glitches that have grounded some Airbus SE planes. The geared turbofan engines are now being inspected after as few as 350 hours of operation, down from initial plans for every 1,000 hours, Civil Aviation Minister Ashok Gajapathi Raju …

ABU DHABI / WAM The UAE has secured significant strides in areas of Artificial Intelligence (AI), with the country’s investments growing by 70 percent over the past three years, and projected to hit AED33 billion by the end of this year, according to economic analysts. The figures drive home the fact that UAE is ready to embrace AI technologies, managing …