Norwegian Air appoints industry outsider as new CEO to lead restructuring
Loss-making Norwegian Air has appointed Jacob Schram as chief executive to take charge of the budget carrier’s restructuring as it struggles with a low-cost, long-haul model in an overcrowded industry.
Emirates jet swap opens door to Boeing 787 deal in Dubai
Emirates agreed to buy its first Boeing 787 Dreamliners in a last-minute, $9 billion deal at the Dubai Airshow on Wednesday while reducing its order for the U.S. planemaker’s delayed 777X model.
Chinese airlines turn to Asia as long-haul losses pile up
BENGALURU/BEIJING – Chinese airlines are adding seats on short- and mid-range Asian flights in a strategic shift away from prestigious but loss-making North American routes to a market that promises better returns and growth.
PSA’s small car platforms should be favored in FCA merger: executive
Small car platforms developed by France’s Peugeot should be favored if plans to merge PSA and FiatChrysler go ahead, PSA executive Gaetano Thorel told Reuters on Wednesday.
Wall Street slips at open on escalating U.S.-China tensions
Wall Street’s three main indexes opened lower on Wednesday on concerns that increasing political strain between Washington and Beijing could derail trade negotiations between the two sides.
U.S. aviation regulator pledges rigorous certification for Boeing 777X
The U.S. aviation regulator will ensure certification of Boeing’s 777X wide-body jet is conducted rigorously, the agency’s head said on Wednesday while reaffirming that its review of the grounded 737 MAX will not be rushed.
Scooter maker Superpedestrian raises $20 million, promises fewer breakdowns
Electric scooter company Superpedestrian on Wednesday said it had raised $20 million for its diagnostic software that can spot impending hardware failure, a major problem for scooter operators.
China’s Great Wall aims to sell 300,000 WEY vehicles a year by 2025: chairman
China’s top sport-utility vehicle maker Great Wall Motor aims to sell 300,000 of its premium brand WEY vehicles a year by 2025, its chairman said on Wednesday.
Union threatens strikes unless Lufthansa makes concessions in wage dispute
A trade union representing Lufthansa’s cabin-crew on Wednesday threatened strikes that could fall during the busy Christmas period if Germany’s biggest airline does not make concessions in a wage dispute.
BMW in talks with workers about efficiency measures
BMW is in talks with labor representatives and its top suppliers as it seeks to achieve cost savings of more than 12 billion euros ($13.26 bln) by 2022, Chief Financial Officer Nicolas Peter told analysts on Wednesday.
