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Boeing’s 737 Max may not fly until early 2020, says Barclays

Bloomberg Boeing Co’s troubled 737 Max jets are unlikely to return to service until early 2020 as regulatory authorities in the US and Europe remain divided and the planemaker has yet to submit its finalised software fix planned for this month, according to Barclays. In a note lowering forecasts for the company, analyst David Strauss estimated the company’s free cash ...

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Hermes remains bullish on greater China

Bloomberg Hermes International says growth in greater China remains rapid despite months of protests in the luxury shopping hub of Hong Kong. A “slight acceleration” in mainland China will offset the impact from store closures in Hong Kong, which was most significant in August, Hermes Chief Financial Officer Eric du Halgouet said on a conference call. “Globally, our performance in ...

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Spirit’s 2020 rebound plan includes charging for larger seats

Bloomberg Since taking the reins at Spirit Airlines Inc this year, Ted Christie has overseen a 38 percent share decline and a deteriorating financial outlook. But just wait for next year as the discounter steps up efforts to squeeze more revenue out of travellers. “Nobody’s satisfied with the performance to date and I am certainly among that group,” Spirit’s chief ...

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