News
LOT To Get USD$33 Mln 787 Compensation
LOT will get about PLN100 million zlotys (USD$32.94 million) in compensation from Boeing for the faults that grounded its 787 Dreamliner jets, a source close to the negotiations said on Wednesday. “The agreement as...
Air Canada Orders 61 Boeing 737 MAXs
Air Canada said on Wednesday that it will buy up to 109 Boeing 737 MAX aircraft, including options and purchase rights under its narrow-body fleet renewal plan. The agreement, which includes commitments, options and righ...
Air Caraibes To Acquire Six Airbus A350s
French airline Air Caraibes announced plans for a USD$1 billion order for three Airbus A350-1000s and said it would lease a further three smaller A350s in the largest fleet acquisition in its 10-year history. The airline...
Asiana Crash Pilots Knew Speed Was Too Low
Pilots of an Asiana Airlines Boeing 777 that crash-landed in San Francisco last summer were aware the aircraft was flying too slowly and tried to correct it in the final seconds before impact, according to documents rele...
350-room Lakeside Shangri-La Yangon To Open 2017 In Myanmar
Shangri-La International Hotel Management Ltd. will open its second hotel in Yangon, Myanmar in 2017. With a prime location on the banks of Kandawgyi Lake, the 350-room Lakeside Shangri-La, Yangon will command magnificent vie...
Alitalia Reaches Capital Increase Target
Alitalia has succeeded in arranging the EUR€300 million (USD$412 million) it needs to keep flying over Christmas after a drawn-out capital raising, a source with knowledge of the operation said on Tuesday. The cash cal...
