Bloomberg The second fatal crash of a Boeing Co. 737 Max aircraft in less than five months is creating a new hierarchy in aviation safety. Thrusting to the top: China. Three days after an Ethiopian Airlines jet crashed, killing all 157 people on board, country after country ignored assessments by the US Federal Aviation Administration that the plane is safe ...

Bloomberg A pilot shortage for one. A cash crunch for another. And now the Boeing Max crisis. As Indian airlines ground plane after plane, passengers can expect to pay a lot more. Airfares for domestic travel may rise by 20 percent heading into the annual school break, a prime time for families to travel, according to an online booking firm. ...

Bloomberg Inditex SA fell the most in 2019 after the Spanish owner of the Zara apparel chain reported the weakest earnings growth in five years, showing it’s not immune to the retail malaise that has burdened rival Hennes & Mauritz AB. Even a more generous dividend policy unveiled on Wednesday failed to stem the decline. The shares fell as much ...

Emirates business The International Air Transport Association (IATA) called on governments and the air cargo industry to focus on three priorities to accommodate the expanding demand for air cargo and ensure the economic and social benefits of aviation can be maximised. The three priorities are: Accelerating the speed of process modernisation; Implementing and enforcing global standards; and keeping borders open ...

DUBAI / WAM Dubai-based master developer Nakheel is heading back to MIPIM, the leading real estate exhibition held at Palais des Festivals in Cannes, France, for the fourth year. The developer will showcase plethora of real estate investment opportunities — including newly-launched residential projects — collectively worth more than $15.8 billion. Nakheel, which first represented Dubai at MIPIM in 2016, ...

Bloomberg Boeing Co. grappled with more groundings of its most important airliner as operators from Brazil to South Korea idled the 737 Max following a second deadly crash, throwing the US manufacturer deeper into crisis. In a sign that the tragedy in Ethiopia, which killed everyone on board, threatens to become a commercial fiasco for Boeing, launch customer Lion Air ...

RIYADH / WAM Etihad Airways, the national airline of the United Arab Emirates, and Saudi national flag carrier, Saudi Arabian Airlines, announced positive growth in traffic since their codeshare partnership began in November 2018. Jointly, Etihad and Saudia have flown over 16,000 guests across the partnership, solidifying the airlines’ commitment to growing inbound business and tourism in their respective markets. ...

DUBAI / Emirates Business Emirates on Tuesday announced the launch of a second daily flight from Dubai (DXB) to London Stansted (STN) starting July 1. The additional flight means that Emirates customers will now have 11 daily flight options to and from three London airports. As with the first, the second daily flight to Stansted will also be operated by ...

ABU DHABI / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, extended a financial contribution to the talent centre at Dar Zayed for Family Care (DZFC), an organisation dedicated to the care of orphans. In line with the Fund’s 2019 corporate social responsibility (CSR) agenda, the endowment seeks to support DZFC in ...

RED SEA COAST / WAM The UAE, represented by the Emirates Red Crescent (ERC), implemented six water projects in six villages in Dhubab District on Yemen’s Red Sea Coast, adding to the number of villages benefitting from its new water projects, which now totals 12. The six water projects included the restoration of artesian wells in Al Watan, Al Jafer, ...