Grounded Boeing 737 MAX planes of Southwest Airlines at an airport in California. Agence France-Presse
Singapore Airlines and Malaysia Airlines have signed a preliminary agreement to explore a wide-ranging strategic partnership that could include more codeshare agreements as well as cargo and aircraft maintenance, the companies said.
Once global regulators clear Boeing Co’s 737 MAX to fly again after deadly crashes, airlines, which have put their fleets into mechanical hibernation since March will scramble to begin the biggest ungrounding effort in history. Quickly reintegrating Boeing’s 737 MAX, a fast-selling model because of its fuel efficiency,
Ryanair reported a 21 per cent drop in quarterly profit on Monday as price wars in several European markets drove ticket prices lower, but it stuck to its annual profit target as passengers continued to spend on onboard extras.
South Korea’s central bank (CB) has kept interest rates unchanged on Thursday, dashing expectations for a cut even as it downgraded the growth outlook.
Small-cap Chinese stocks have surged fueled by the government stimulus measures to support the virus-hit economy. Analysts say the unusual rise is triggering fears of a repeat of the boom that preceded the 2015 market crash.
As 2020 unfolds, the positive dynamic in January and February is auguring well for the UAE, with new gas finds and a series of mega developmental projects, announced