Bloomberg Airlines could come under further financial pressure should Boeing Co. go ahead with a production halt of the grounded 737 Max, with any prolonged delays in jet deliveries raising their operating costs. Carriers are paying higher rates to lease planes to make up for the loss in capacity, while delays to their expansion plans are holding back revenue growth, ...

Bloomberg Embattled Hong Kong Airlines had seven of its planes seized by the city’s Airport Authority after it failed to make some payments, deepening concerns about the future of a carrier whose financial difficulties nearly cost it its flying license. The seizure was made in accordance to the Airport Authority Ordinance, the government body said in an email on Tuesday, ...

Bloomberg Vancouver-based Harbour Air just flew an all-electric commercial aircraft—for five minutes. The neon green and indigo blue seaplane took off from the Fraser River in Richmond, British Columbia as a small crowd cheered from the dock. The propeller aircraft, a six-passenger de Havilland DHC-2 Beaver prototype, was powered by a magniX magni500 electric motor and piloted by Harbour Air ...

Bloomberg Hudson’s Bay Co. Chairman Richard Baker may scrap an offer to take the struggling retailer private after regulators delayed a vote on the deal following complaints from a minority shareholder. The investor group that controls the owner of Saks Fifth Avenue is “evaluating next steps, including terminating the transaction,” according to a memo sent to advisers. The group plans ...

Bloomberg Online shoppers are getting fewer discounts on toys this holiday season, despite an effort by retailers to start sales earlier to offset a shorter shopping season. Toys were discounted on average 15-18% this year compared to average drop in pricing of 31% last year, UBS analyst Arpine Kocharyan wrote in a note, citing e-commerce trends tracked by Adobe Inc. ...

Abu Dhabi / WAM The UAE on Monday announced AED55 million ($15 million) for school supplies that will support 400,000 students in Sudan. The monetary aid, provided by Abu Dhabi Fund for Development (ADFD), covers educational necessities, including classroom equipment. ADFD, in cooperation with the Sudanese government, supervised the delivery of the first shipment of school supplies that covers the ...

Bloomberg Boeing Co. dropped the most in nearly two months on news that the company is weighing a temporary production halt for the grounded 737 Max. With regulatory approval for the jet’s return increasingly likely to slip beyond January, Boeing’s board is considering whether to slow already-pared output of its best-selling jet, a person familiar with the matter said. Some ...

Bloomberg Oil steadied near a three-month high on cautious optimism that a preliminary trade deal between the US and China will support global fuel consumption. Futures held near $60 a barrel in New York after settling at the highest since September 16. While the partial trade deal leaves most of the tariffs built up over the 20-month conflict in place, ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, has announced its “Etihad Airways” mobile application is now available on the HUAWEI AppGallery — the official app store preloaded on all HUAWEI& HONOR smartphones and tablets — enabling 390 million global monthly active users in more than 170 countries and regions to manage their journeys with ...

ABU DHABI / WAM Hub71 kicked off a partnership with Endeavour UAE to boost its offering to global scale-ups. The partnership began with a two-day retreat at Hub71 in Abu Dhabi on October 22-23. This partnership comes weeks after Mubadala Capital’s ventures arm announced two new Mena funds with a combined worth of $250 million, further catalysing Abu Dhabi as ...