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Bloomberg Southwest Airlines Co is frustrated with the financial beating it’s taking from the grounding of Boeing Co’s 737 Max. But the carrier is ready to grab more of the single-aisle planes that eventually will make up the majority of its fleet. Parking its 34 Max jets since mid-March and missing out on new deliveries has shaved $225 million from ...

Bloomberg Philippine Airlines Inc is expected to name a new president on Monday, replacing Jaime Bautista, who abruptly quit the post last month. Gilbert Santa Maria, who was chief operating officer of IBEX Global Solutions Plc, tops the list of nominees, according to two people familiar with the matter, who declined to be identified because the decision has yet to ...

Bloomberg Just Eat Plc said it’s in talks to be acquired by Dutch delivery company Takeaway.com NV. The UK firm confirmed a Sky News report on the discussions and added that there’s no certainty whether an offer will be made and on what terms, according to an emailed statement. Takeaway.com could make an offer for Just Eat and will have ...

Bloomberg A fight between two billionaire co-founders is threatening to hurt one of the world’s most successful airlines. Rakesh Gangwal, 65, is accusing partner Rahul Bhatia, 59, of corporate-governance transgressions at Indian budget airline IndiGo and wants his powers curbed. Bhatia denies the allegations, and there’s no sign yet that the disagreement is affecting financial performance of the airline, operated ...

Bloomberg Mexico City’s airport authority settled a dispute with builders on an 85 billion peso ($4.45 billion) contract for the terminal at a new Mexico City airport that President Andres Manuel Lopez Obrador canceled a month before taking office. Grupo Aeroportuario Ciudad de la Mexico will pay 14.2 billion pesos, equivalent to 16.7 percent of the contract’s total cost, to ...

ABU DHABI / WAM The UAE on Saturday announced a $50 million donation to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), as part of its commitment to supporting the Palestinian people. With this donation, UNRWA will provide health services to Palestinian refugees —mothers and children — implement educational programmes to ensure the ...

Bloomberg US President Donald Trump opened another chapter in the trade war with China, ordering his top trade negotiator to pressure the World Trade Organization (WTO) to crack down on countries the US doesn’t think should be allowed to declare themselves developing nations. Trump singled out China in a memo to US Trade Representative Robert Ligh- thizer, saying that “the ...

Bloomberg Oil finished higher for the week after a volatile trading session that pitted gnawing doubts about global demand against supply threats from the Middle East and beyond. Futures gained 0.3 percent in New York and ended the week up 1 percent, reversing from last week’s steep loss. Oil turned higher after Mexico’s state-run oil company said crude output fell ...

ABU DHABI / WAM As of December 2018, a total of 1,088 licences have been issued for the nuclear sector in the UAE, according to Federal Authority for Nuclear Regulation’s 2018 Annual Report. Official statistics showed that as of December 2018, FANR issued 483 new licences, 459 licence renewals, and 146 licence amendments to conduct activities using radiation sources in ...

DUBAI / Emirates Business The deadline for technology start-ups to enter this year’s international AED100,000 Futurism Programme, a zero-equity accelerator initiative of Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism), closes on July 31. The annual Futurism Programme aims to boost technology innovation within the tourism industry ecosystem and further position Dubai as a leading international technology hub for ...