May, 2022

• 15 May

  Boeing faces FAA’s request for 787 data to resume deliveries

  

    Bloomberg Boeing Co has been told by US regulators that it needs to submit more documentation in order to resume deliveries of its 787 Dreamliner jet, according to people familiar with the request, signalling it may face a further delay before the Federal Aviation Administration signs off on its inspections and repairs to the plane. The FAA notified the ...

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• 15 May

  China’s C919 jet completes first pre-delivery test flight

  

    Bloomberg A Chinese rival to Boeing Co’s 737 Max and Airbus SE’s A320neo narrowbody aircraft completed its first pre-delivery test flight, according to a CCTV report. The C919 jet developed by Commercial Aircraft Corp of China Ltd was test flown for about three hours ahead of its delivery to its first customer soon, the report said. The narrowbody plane ...

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• 15 May

  Toronto airport’s wait times to worsen amid staff shortages

  

    Bloomberg Canadians travelling through Toronto Pearson International Airport are facing lengthy wait times and the situation is likely to worsen in coming weeks. The airport is being hit with a double whammy of staffing shortages and longer processing times due to public health screening measures, according to Greater Toronto Airports Authority spokesperson Tori Gass. The Covid-19 measures can double ...

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• 15 May

  Auckland airport to start its new expansion phase

    Bloomberg New Zealand’s busiest airport will start a new phase of expansion when construction of a transport hub begins next month. Auckland International Airport will invest NZ$300 million ($189 million) in the project, which will allow undercover pick-up and drop-off for cars and buses adjacent to the existing international terminal, CEO Carrie Hurihanganui said. Adjoining land has been set ...

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• 15 May

  Cathay cash burn improves as curbs eased

    Bloomberg Cathay Pacific Airways Ltd expects cash burn to drop to less than $64 million a month within “the next few months” as Hong Kong gradually rolls back some of the world’s strictest, and longest Covid-19 curbs. “The recent adjustments to the government’s travel restrictions and quarantine requirements will help facilitate the gradual resumption of travel activities and the ...

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• 15 May

  Finland tells Russia of Nato plan, downplays Turkey concerns

  

  Bloomberg Finnish President Sauli Niinisto phoned Russian President Vladimir Putin to say the Nordic country plans to seek Nato membership in the near term. The conversation with Putin “was direct and straight-forward and it was conducted without aggravations,” he said in a statement. The move would be a “mistake because there are no threats to Finland’s security,” Putin told his ...

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• 15 May

  G-7 blames North Korea arms push for health emergency

  

  Bloomberg Foreign ministers of the Group of Seven (G-7) industrialised nations blamed North Korea’s push for weapons of mass destruction for the humanitarian situation in the country, as state media reported more than 170,000 new cases in a worsening fever outbreak. In a joint statement following a meeting in northern Germany, the G-7 ministers expressed their grave concern about the ...

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• 15 May

  Asean stops short of calling out Russia

  

  Bloomberg A summit with Southeast Asian leaders organised and hosted by President Joe Biden concluded at the White House with a group statement that omitted any condemnation of Russia’s invasion of Ukraine. The nations participating in the summit, called the Association of Southeast Asian Nations or Asean, issued a statement calling for the “immediate cessation of hostilities” in Ukraine. The ...

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• 15 May

  Guinea military rulers ban political protests

  

    Bloomberg Guinea’s military rulers banned all protests in the West African nation, days after announcing a three-year transition to democracy. Opposition political and civil-society groups in the world’s top exporter of bauxite have rejected the timeline, saying that it was adopted without consultation and say they will continue with demonstrations. “Any breach of these guidelines will result in legal ...

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• 15 May

  Biden’s midterm hopes bedeviled by ‘economy in distress’

  

  Bloomberg President Joe Biden’s hopes for a political reset have been overwhelmed by an unrelenting series of economic setbacks, adding to the challenges Democrats face as they court exhausted voters ahead of the crucial midterm election in November. US gasoline prices are at historic highs. Inflation in April exceeded consensus forecasts. Technology stocks have plummeted, taking retirement accounts with them. ...

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