December, 2020

• 10 December

  Boeing loses 23 Max orders as Virgin Australia remakes fleet

  

  Bloomberg Boeing Co lost almost half of a 737 Max aircraft order from Bain Capital’s Virgin Australia under a new agreement that also postpones the initial jet delivery by two years to mid-2023. Virgin Australia will take 25 of Boeing’s Max 10 jets to serve as the “backbone” of future domestic and short-haul international flights, Jayne Hrdlicka, the budget carrier’s ...

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• 10 December

  South Africa faces new battle with unions over airline wages

  

  Bloomberg South Africa faces a fresh battle with labour groups in its effort to revive the bankrupt state airline, offering three months of wages to employees who haven’t been paid since March. The government’s Department of Public Enterprises (DPE) and the National Union of Metalworkers of South Africa were scheduled to discuss the matter, according to a spokeswoman for the ...

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• 10 December

  Americans expected to embrace air travel: TSA

  Bloomberg Americans are expected to continue with their travel plans for the Christmas holiday with more than a million air passengers per day anticipated for several days during the holiday period, David Pekoske, administrator of the Transportation Security Administration (TSA), said during an aviation event. Americans plan to travel despite Center for Disease Control advice to stay at home and ...

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• 10 December

  American Air expands virus testing

  Bloomberg American Airlines Group is expanding pre-flight coronavirus testing in an effort to boost demand for domestic travel. At-home tests would enable passengers with negative results to avoid or shorten Covid-19 quarantines and other restrictions at US destinations with travel requirements, American said in a statement. Starting from December 9, customers started having access to tests provided by LetsGetChecked for ...

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• 10 December

  Trump set record sanctions use that Biden is likely to maintain

  

  Bloomberg The Trump administration has imposed sanctions at a record-shattering pace of about three times a day during the president’s time in office: a slew of measures targeting companies, individuals and even oil tankers tied to Iran, North Korea, China, Venezuela and Russia. President-elect Joe Biden’s team is promising a top-to-bottom review of sanctions operations, but don’t expect a significant ...

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• 10 December

  Ghana oppn alleges rigging over delayed election results

  

  Bloomberg Ghanaian opposition leader John Mahama accused the ruling party of using the military to alter the results of the election. The government denied the allegation. Claims of election rigging are unusual in Ghana, Africa’s top gold producer and one of the continent’s most stable democracies. In the last vote in 2016, Mahama conceded defeat to President Nana Akufo-Addo before ...

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• 10 December

  Germany strikes deal with EU stimulus holdouts

  

  Bloomberg Poland and Hungary have agreed on a compromise with Germany to unblock the European Union’s $2.2 trillion budget and pandemic stimulus plan, a senior government official in Warsaw said. The compromise would end a standoff that saw Budapest and Warsaw threaten to torpedo the EU’s 750 billion-euro ($909 billion) pandemic aid fund and the 2021-2027 budget over objections to ...

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• 9 December

  Stocks climb, dollar slips amid hopes for stimulus

  

  Bloomberg Global stocks climbed towards another record high as hopes for a US stimulus deal countered concern about a surge in coronavirus cases. Treasuries slipped with the dollar. Cyclical banking and energy firms led European shares higher at the opening, after equities rose in much the Asia Pacific. Britain’s pound rallied as UK Prime Minister Boris Johnson was expected to ...

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• 9 December

  China stocks face $722b overhang as share lockups end

  

  Bloomberg More than $722 billion worth of Chinese stocks will be unlocked for sale next year, testing a market where valuations are at a five-year high. That would be the largest amount since at least 2011, according to China Merchants Securities Co. It’s also equivalent to about 7% of the value of the entire Chinese equity market, data compiled by ...

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• 9 December

  Innovation will be at the heart of new era in aviation: ICAO

  

  MONTREAL / WAM Salvatore Sciacchitano, President of the International Civil Aviation Organisation (ICAO) Council, said that innovation will play a key role in the aviation sector’s recovery strategies. “Looking forward to a post-pandemic world, innovation will be at the very heart of the new era in aviation which is now dawning,” said Sciacchitano in a statement on the International Civil ...

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