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  TEHRAN / Reuters Iran urged the United States on Sunday to remove remaining obstacles to it buying passenger planes following the lifting of international sanctions and spread out the welcome mat to foreign investors as it seeks to boost its aviation sector. Iran provisionally agreed earlier this year to buy over 200 jets worth $50 billion at list prices ...

  WASHINGTON / AP So many people are registering drones and applying for drone pilot licenses that federal aviation officials said they are contemplating the possibility of millions of unmanned aircraft crowding the nation’s skies in the not-too-distant future. In the nine months since the Federal Aviation Administration created a drone registration system, more than 550,000 unmanned aircraft have been ...

  Bloomberg A spare battery overheated and created smoke in the cabin of a Delta Air Lines Inc. flight. The plane, a Boeing Co. MD-88, continued to its destination without further problems. Flight 2557 from Norfolk, Virginia, to Atlanta, carrying 143 passengers and five crew members, had just taken off when flight attendants noticed the smoke in the rear section ...

  Bloomberg Brazil is unlikely to join the initial phases of a proposed United Nations accord being brokered this month to limit emissions from international air travel, a senior government official said. Brazil, one of the fastest-growing aviation markets, doesn’t produce enough emissions to justify joining the accord in the initial voluntary phases, beginning in 2021, said Brazilian National Civil ...

  Johannesburg / AFP Spiralling debt, massive losses and a widely-criticised boss. For many, the problems besetting South African Airways (SAA), the state-owned national airline, are emblematic of issues roiling President Jacob Zuma’s government and fuelling unease among foreign investors. SAA is “on the brink of disaster”, Mmusi Maimane, head of the opposition Democratic Alliance (DA) party, said in a ...

  Bloomberg Theresa May will use her time at this week’s United Nations General Assembly to push for a resolution for countries to work together on aviation security, in the wake of a series of attacks on airplanes and airports in the last year. The new UK prime minister, who was responsible for counter-terrorism efforts in her previous role as ...

  Bloomberg Financial markets have coped well with Brexit and other potentially disruptive political developments recently but asset prices may be running too high and the potential risks to market stability are growing, a report warned on Sunday. In its Quarterly Review, the usually guarded Bank for International Settlements didn’t explicitly say that stock and bond markets are bubbles waiting ...

  Reuters Royal Bank of Scotland (RBS) shares fell after U.S. authorities demanded $14 billion from Deutsche Bank to settle mis-selling claims, raising fears about how much RBS might have to pay for similar misconduct. The British state-backed lender has waited many months to hear how U.S. authorities including the Department of Justice (DoJ) and Federal Housing Finance Agency intend ...

  Bloomberg Many Latvians got a shock this summer when they were informed their bank accounts risked being blocked if they didn’t hand over details of their citizenship, financial plans and any ties to high-level politics. Demands to fill out online questionnaires were dispatched by lenders at the behest of financial regulators, who’ve been battling the Baltic nation’s reputation as ...

  Bloomberg A warning indicator for banking stress rose to a record in China in the first quarter, underscoring risks to the nation and the world from a rapid build-up of Chinese corporate debt. China’s credit-to-gross domestic product “gap” stood at 30.1 percent, the highest for the nation in data stretching back to 1995, according to the Basel-based Bank for ...