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Watchdog to audit FAA pilot-training standards

Bloomberg The US Transportation Department’s Inspector General is opening a new review of how regulators decided on pilot-training requirements for Boeing Co’s grounded 737 Max. The Inspector General is beginning an audit of domestic and international pilot training standards, it said in a press release. The evaluation was requested by Democratic and Republican lawmakers. The audit will focus on the ...

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Philippine carriers suspend Taiwan flights due to virus

Bloomberg Philippine Airlines Inc and Cebu Air Inc have suspended their Taiwan flights after the Southeast Asian nation expanded its travel ban on the novel coronavirus. The order temporary barring the entry and departure of foreign nationals from China, Hong Kong and Macau will also cover Taiwan, the Bureau of Immigration said. Both carriers suspended the Taiwan flights starting from ...

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Simon buying Taubman for $3.6bn to fight retail slump

Bloomberg Simon Property Group Inc agreed to buy rival US shopping-mall operator Taubman Centers Inc for about $3.6 billion, a combination that comes as e-commerce continues to roil brick-and-mortar retail. Simon will pay $52.50 a share in cash for all of Taubman’s common stock, the companies said in a statement. That’s about 51% more than Taubman’s closing share price on ...

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