May, 2019

• 11 May

  US pilot unions get subpoenas for Boeing 737 Max documents

  

  Bloomberg Pilots’ unions at Southwest Airlines Co, United Continental Holdings Inc and American Airlines Group Inc received federal grand jury subpoenas for documents relating to Boeing Co’s grounded 737 Max. The Southwest Airlines Pilots Association was given until May 24 to comply with the demand from the US Justice Department’s criminal division, union President Jon Weaks said. The Air Line ...

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• 11 May

  Delta Air Lines to test free Wi-Fi on some US routes

  Bloomberg Delta Air Lines Inc will provide free Wi-Fi on some domestic flights starting from May 13, testing a plan to make the offering a standard feature. The pilot programme will include about 55 daily flights of varying length and across economy and premium cabins, Delta said. Passengers will be notified ahead of time by email if they’re on such ...

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• 11 May

  Garuda defends financials of 2018 amid regulator scrutiny

  

  Bloomberg PT Garuda Indonesia defended the validity of its 2018 finances after a regulator raised questions about how the national carrier accounted for certain transactions, including with a startup technology company. The airline booked revenue of $211.9 million from PT Mahata Aero Teknologi, its annual report showed. The contribution helped Garuda to report a net income of $809,846 last year ...

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• 11 May

  Manufacturing defect caused F-35’s first crash, says GAO

  

  Bloomberg The crash of a US Marine Corps F-35 that temporarily grounded the entire fleet of next-generation jets in 2018 was caused by a manufacturing defect in a fuel tube made by a United Technologies subcontractor, according to congressional investigators. The defect “caused an engine fuel tube to rupture during flight, resulting in a loss of power to the engine,” ...

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• 8 May

  Oil slips near 5-week low as trade fear offsets supply risk

  

  Bloomberg Oil traded near a five-week low as concern over supply losses from Iran to Russia were offset by high American stockpiles and fears that if US-China trade talks fail it could dent global demand. Futures erased earlier gains to fall as much as 0.5 percent in New York after a 1.4 percent plunge. Russian tankers continue to hold Urals ...

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• 8 May

  UAE, Uzbekistan activate strategic partnership pact

  

  DUBAI / WAM Joint task forces comprising representatives of the governments of the UAE and Uzbekistan held a four-day series of meetings and workshops to discuss 17 areas of cooperation in modernising government work. The workshops’ agenda falls within the framework of an official visit of a high-level Uzbek government delegation to the UAE, aimed at activating a strategic partnership ...

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• 8 May

  Abu Dhabi hotel revenues surge 16% in first quarter

  Abu Dhabi / WAM The latest figures released by the Department of Culture and Tou-rism — Abu Dhabi for emirate’s hospitality sector reveal that total hotel revenues for the emirate for Q1 of 2019 have increased by more than 16 percent compared to the same period in 2018. In total 1,291,482 visitors were guests of Abu Dhabi’s 169 hotels and ...

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• 8 May

  Bahrain plans first bond since $10 billion lifeline

  

  Bloomberg Bahrain is planning to return to international bond markets this year for first time since the kingdom’s Gulf allies pledged a $10 billion package to help repair its finances and support its currency, according to people familiar with the matter. Government officials are in talks with banks for a possible issuance in the second half of the year and ...

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• 8 May

  Trade war wiped out $21bn for materials investors in two days

  

  Bloomberg How bad is the trade war for materials investors? How about nearly $21 billion lost in two days. The S&P 500 Materials Index fell about 3.2 percent against the close after President Trump threatened to raise tariffs on billions of dollars of imports from China. The total value lost for the index totalled about $21 billion, according to Bloomberg ...

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• 8 May

  UAE embassy in Colombia launches first edition of its e-newspaper in Spanish

  

  BOGOTA / WAM The UAE Embassy in Colombia launched the first edition of its bi-annual Spanish-language e-newspaper, titled, “Darna.” The newspaper is aimed at introducing the Colombian community to the UAE’s cultural, social and economic achievements. Salem Rashid Al Owais, UAE Ambassador to Colombia, said that the embassy aims to reach out to private companies, the local business community, and ...

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