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Boeing halts 787 deliveries again, works with FAA on fix

Bloomberg Boeing Co has halted deliveries of its 787 Dreamliner just two months after restarting them as the company works to get regulatory approval for its plan to resolve previously disclosed quality issues. The planemaker is providing the US Federal Aviation Administration (FAA) with added analysis and documentation of proposed fixes for undelivered jets, according to a company statement. The ...

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US aviation officials urge crews caution over Belarus

Bloomberg US aviation officials urged flight crews operating over Belarus to exercise “extreme caution,” but stopped short of a ban on overflights of the region. The Federal Aviation Administration (FAA) issued a so-called notice to airmen in the wake of the forced diversion of an airliner carrying a political opponent of that nation’s government. The European Union’s air-safety regulator advised ...

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Best Buy boosts its forecast on ‘extraordinarily high’ demand

Bloomberg Best Buy Co boosted its full-year sales forecast after revenue soared in the first quarter, fueled by what it deemed “extraordinarily high” demand for its electronics that has continued even as the pandemic wanes. The shares rose. The big-box retailer said it now sees company-wide comparable sales rising between 3% and 6% this fiscal year. It had earlier expected ...

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Qantas dangles free trips for Covid-vaccinated travellers

Bloomberg Qantas Airways Ltd is considering giving free flight vouchers or air miles to people who’ve had Covid-19 shots, joining a growing list of businesses offering vaccination incentives to kick-start global travel. While details haven’t been finalised, fully inoculated Qantas frequent fliers might also be offered free loyalty status credits, Qantas said in a statement. The program is due to ...

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Covid-19: Myanmar suspends domestic flights as cases surge

Bloomberg Myanmar suspended some domestic flights and imposed restrictions in some townships to fight a surge in Covid cases in the past two days, the Ministry of Health and Sports said. Domestic flights between the commercial capital, Yangon, and at least five cities will be suspended for at least two weeks beginning from May 29. Myanmar Airways International-Air KBZ Group, ...

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Garuda confirms debt restructuring plans

Bloomberg Indonesia’s flag carrier PT Garuda Indonesia confirmed it is taking steps to restructure its debt and revamp its business in order to stay afloat amid the pandemic. The airline is negotiating terms with plane lessors and is talking with banks and business partners to restructure its loans, according to a stock exchange filing submitted. The coronavirus outbreak has forced ...

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US slaps sanctions on Belarus over journalist’s detention

Bloomberg The Biden administration announced it would re-impose sanctions against nine Belarusian state-owned enterprises and is developing additional penalties to target officials in the administration of President Alexander Lukashenko over the forced landing of a Ryanair Holdings Plc jetliner and the arrest of a dissident journalist. The administration has also issued a “Do Not Travel” warning to American citizens urging ...

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Hong Kong appeal board upholds police ban on Tiananmen vigil

Bloomberg A Hong Kong appeal board endorsed a decision by the city’s police to ban a candlelight vigil for victims of the 1989 Tiananmen Square crackdown. In a hearing, the Appeal Board on Public Meetings and Processions upheld the police decision to prohibit a public meeting and procession on May 30, and the assembly on June 4, according to a ...

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From UK side we still do not have basic answers: Sefcovic

Bloomberg The European Union is becoming increasingly frustrated with the UK’s unwillingness to meet its obligations on Northern Ireland and has set its sights on a proposed meeting in the week of June 7 to settle differences, Commission Vice President Maros Sefcovic told the Financial Times. Sefcovic said that he wants both sides to agree on a joint “road map” ...

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Mali defies regional bloc to name Goita interim president

Bloomberg Military Vice President Assimi Goita was appointed president of Mali’s interim government despite widespread calls for a return to civilian rule. Goita will resume the functions of president for the duration of the transition period and until elections are held, the Constitutional Court said in a statement. The decision came ahead of a high-level meeting of West African heads ...

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