For many Guineans, the scenes that played out were a blast from the not-so-distant past: A military officer in dark glasses and fatigues on television dissolving the government and the constitution, unauthenticated videos of a disheveled-looking, apparently overthrown president, gunfire on the streets of Conakry. The trouble for the West African nation is that the failure to make the most ...
Read More »Lufthansa seeks bailout deal before Merkel exits office
Bloomberg Deutsche Lufthansa AG is seeking to secure a deal on how Germany will wind down its investment in the airline before Angela Merkel’s government leaves office, a moment that could see a less sympathetic coalition sweep to power. The comments by Chief Executive Officer Carsten Spohr amount to an admission that his previous deadline of repaying the remainder of ...
Read More »Qantas to test new routes as countries reopen again
Bloomberg Qantas Airways Ltd is likely to fly to several new overseas destinations next year after pushing ahead with plans to resume international flights from December. “We’ll probably try a lot of new routes internationally as certain borders open up,†Chief Executive Officer Alan Joyce said at a virtual business conference on Tuesday, without giving any specific destinations. Prior to ...
Read More »Ryanair ends talks with Boeing on 737 Max order over price
Bloomberg Ryanair Holdings Plc ended negotiations with US planemaker Boeing Co on a major follow-on order for 737 Max aircraft after failing to agree on pricing. Talks on the higher-capacity Max 10 single-aisle jets ended after 10 months, Ryanair said in a statement. Europe’s largest low-cost carrier has ordered 210 of the smaller Max-8200 already, with deliveries spanning the next ...
Read More »Ikea faces shortages in UK, Ireland amid supply crunch
Bloomberg Ikea is experiencing product shortages in the UK and Ireland as transport issues and the availability of raw materials compound supply problems. Issues with shipping, raw materials, and sourcing and production have added to the impact of the Covid-19 pandemic on global supply chains, the Swedish furniture retailer said on its UK and Irish websites. The company is experiencing ...
Read More »Philippine Air aims to complete restructuring this year
Bloomberg Philippine Airlines Inc expects to emerge from Chapter 11 bankruptcy before the end of the year, with a leaner fleet and fewer destinations as a recovery in travel demand isn’t likely in the next few years, President Gilbert Santa Maria said. Majority owned by billionaire Lucio Tan, the carrier filed for Chapter 11 bankruptcy in New York on Septmber ...
Read More »Airbus plane deliveries slide in August
Bloomberg Airbus SE jetliner deliveries declined last month, according to people familiar with the matter, as an annual summer manufacturing lull impacted build rates. Toulouse, France-based Airbus handed over about 40 aircraft in August, down from 47 in July, according to the people, who asked not to be named before official figures are made public. The tally would take the ...
Read More »North Korea may stage first military parade under Biden
Bloomberg North Korea could hold a military parade this week as it celebrates a national anniversary, Yonhap News Agency reported, an event that would mark the first major public display of its weaponry since US President Joe Biden took office. Given the status of preparation, leader Kim Jong Un’s regime may stage the event at night and have it coincide ...
Read More »South Korea launches first ballistic missile from submarine
Bloomberg South Korea has successfully test-launched a missile from a submarine, stepping up its strike capabilities and joining a small list of seven other countries to demonstrate the technology. South Korea last week fired the missile from its 3,000-ton Dosan Ahn Chang-ho submarine, a defense ministry official who asked not to be named said on Tuesday. The official spoke after ...
Read More »Suu Kyi’s allies in Myanmar declare war against junta
Bloomberg A shadow government comprising of ousted lawmakers loyal to Myanmar’s detained civilian leader Aung San Suu Kyi declared war against the military regime that seized control of the country seven months ago. In a speech posted on social media on Tuesday, the acting president of National Unity Government, Duwa Lashi La called on citizens to revolt against the junta ...
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