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UPDATE 1-Norwegian Air and JetBlue plan transatlantic partnership

Norwegian Air and New York’s JetBlue Airways have agreed to form a partnership that will allow customers to book flights on each others’ aircraft, with a planned startup in mid-2020, lifting Norwegian Air’s shares. Norwegian Air has shaken up the market for transatlantic travel with cut-price fares that challenge traditional carriers such as IAG’s British Airways, but has so far lacked a domestic U.S. partner. Norwegian Air shares were up 6.4% at 35.80 Norwegian crowns at 1036 GMT, outperforming an Oslo benchmark index up 0.62%. …read more […]

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Norwegian Air and JetBlue plan transatlantic partnership

Norwegian Air and New York’s JetBlue Airways have agreed to form a partnership that will allow customers to book flights on each others’ aircraft, with a planned startup in mid-2020, lifting Norwegian Air’s shares. Norwegian Air has shaken up the market for transatlantic travel with cut-price fares that challenge traditional carriers such as IAG’s British Airways, but has so far lacked a domestic U.S. partner. “Customers will have the possibility to book connecting flights on both airlines’ websites by combining the best of our complementary and expansive networks,” they added. …read more […]

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Tesla’s China Plant Is Hooked Up to State Grid Power Supply

(Bloomberg) — Tesla Inc.’s first Chinese car factory is officially plugged in.State Grid Corp of China has opened the first transmission line in a power connection project that increases electricity supply to the Tesla plant to a level required for preliminary production, according to a statement from the Chinese company’s Shanghai branch. State Grid said it will eventually increase the power supply eightfold for the factory to run at capacity.State Grid said the project – involving 55 kilometers of cables and about 17 kilometers of ducts – was among the quickest it has completed, taking only six months.Palo Alto, California-based …read more […]