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Boeing Max may be grounded in Indonesia beyond this year

Bloomberg Indonesia signalled it may ground Boeing Co’s 737 Max until next year, underscoring the challenges faced by the US planemaker as it races to get its fastest-selling jet back in the air after two fatal crashes. Even when the US Federal Aviation Administration (FAA) clears the plane, Indonesia will make its own decision after reviewing the proposed fixes, Director ...

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United Air gets bullish nod at Morgan Stanley

Bloomberg US airline investors may see the three legacy carriers perform differently in the near future, Morgan Stanley analyst Rajeev Lalwani wrote in a note. United Continental Holdings Inc is likely to see upside to earnings, while American Airlines Group Inc may observe a cost reset from labour, Lalwani said. Shares of Delta Air Lines’s has finally started getting some ...

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Formula 1 legend Niki Lauda dies at 70

Bloomberg Niki Lauda, the Austrian race-car driver who survived a near-fatal crash to win three Formula 1 world championships and went on to found his own airline, has died, German news agency Deutsche Presse-Agentur (DPA) reported. He was 70. Lauda died in his sleep surrounded by family, a family spokeswoman told DPA in a statement. He received a lung transplant ...

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