FAA says approaching 737 MAX test flight, awaits Boeing proposals
The U.S. Federal Aviation Administration is narrowing the issues needed before it can conduct a certification test flight on the grounded Boeing 737 MAX, but will not commit to a timetable for lifting a flight ban, its top official said.
China central bank gives greenlight to Mastercard’s China JV for clearing business
China’s central bank said on Tuesday it has approved an application by Mastercard’s China joint venture to conduct bank card clearing operations in the country.
TUI says exceptional holiday bookings helps to offset 737 MAX woes
European travel company TUI said an exceptional number of holiday bookings would help offset the impact of the Boeing 737 MAX grounding on its annual profit, enabling it to lift the bottom end of annual earnings guidance.
IKEA brand owner appoints Jon Abrahamsson Ring new CEO
Inter IKEA Group, owner of the IKEA furniture brand, appointed on Tuesday Jon Abrahamsson Ring as new Chief Executive from Sept. 1.
Lloyd’s of London sets up independent group to improve culture
Lloyd’s of London said on Tuesday that former Virgin Money boss Jayne-Anne Gadhia would be part of a committee to “drive long-term culture change” in the world’s oldest insurance market.
Firm backed by Italy’s Gruppo San Donato could make offer for NMC
GKSD Investment Holding confirmed on Tuesday that it could make an offer to buy NMC Health , a day after the London-listed healthcare group revealed approaches from two private equity groups.
Metro CEO expects less than 30 Real stores to be closed – letter
German wholesaler Metro on Tuesday said it expects the future owners of its struggling Real hypermarkets unit to close less than 30 of the division’s stores, according to a staff letter by Metro CEO Olaf Koch that was seen by Reuters.
Mercedes has re-started China production, still assessing virus impact
Mercedes-Benz has re-started production of luxury passenger cars in Beijing this week, Ola Kaellenius, Chief Executive of parent company Daimler , said on Tuesday.
Michelin shares fall after tire maker sees lower 2020 operating income
Shares in French tire maker Michelin fell on Tuesday after the company forecast a slightly lower operating income for 2020 and flagged uncertainty to its business from the coronavirus crisis in China.
Airbus executive says confident of selling more than 1,000 A321XLR
Airbus SE is confident of selling more than 1,000 A321XLRs aircraft, a longer-range version of the single-aisle A321neo jetliner, over the next 10 years, a senior executive at the manufacturer said on Tuesday.
