100 years on, airlines hampered by history, IATA says
DOHA (Reuters) – On New Year’s Day, 1914, Abe Pheil squeezed into the open cockpit of a Benoist Type XIV boatplane in St. Petersburg, Florida, and became the world’s first airline passenger, flying 20 miles in 23 minutes for a specially auctioned fare …
French minister criticizes United States over BNP Paribas probe
PARIS (Reuters) – A junior minister in French President Francois Hollande’s government criticized a U.S. criminal probe against BNP Paribas On Sunday, saying France would not allow itself to be pushed around by its ally.
Bombardier to begin failure analysis on CSeries engine: report
NEW YORK (Reuters) – Bombardier Inc will begin tearing down the engine of its CSeries jetliner on Sunday to investigate its failure during maintenance testing this week, an aviation journal reported, heightening the risk of delay in producing the model…
Philadelphia Inquirer co-owner among seven dead in Massachusetts plane crash
(Reuters) – Lewis Katz, the co-owner of the Philadelphia Inquirer newspaper, was among seven people killed when a private jet caught fire and crashed as it tried to take off near Boston, the newspaper said Sunday.
Deutsche Bank says Oleo e Gas lawsuit ‘without merit’
FRANKFURT (Reuters) – Deutsche Bank said a lawsuit filed against it in a New York state court by minority bondholders of bankrupt Brazilian oil company Oleo e Gas Participações SA was without merit.
Fiat Chrysler says performance of US operations crucial
TRENTO Italy (Reuters) – Fiat Chrysler Automobiles Chief Executive Sergio Marchionne said on Sunday a good performance by its U.S. operations was crucial for the success of the company’s recently announced business plan.
New Indian finance minister vows fiscal discipline
NEW DELHI (Reuters) – India’s new finance minister vowed on Sunday to uphold fiscal discipline, despite pressure on public finances from figures showing the economy grew by less than 5 percent in the fiscal year just ended.
Boeing executive sees smooth transition to new jets, no output cut
DOHA (Reuters) – Boeing said on Sunday it was confident of filling the bridge between current and future models of its two most profitable jets, the long-haul 777 and short-range 737, and dismissed plans by rival Airbus to overhaul its own A330 model.
Protecting European bank test data from lucrative leaks
LONDON/FRANKFURT (Reuters) – It would be an insider trader’s dream to know ahead of time which of Europe’s banks will fail or need more capital, and all that data will be stored somewhere in cyberspace as the European Central Bank assesses the euro zon…
Time for ECB to put money where its mouth is
LONDON (Reuters) – The European Central Bank will eclipse all else in economic terms this week, following heavy hints that monetary policy will be loosened in a variety of ways.
