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Malaysia Airlines suspends taking delivery of Boeing 737 MAX jets due to grounding

January 15, 2020 admin Comments Off on Malaysia Airlines suspends taking delivery of Boeing 737 MAX jets due to grounding

Malaysia Airlines said on Wednesday it has suspended taking delivery of 25 Boeing 737 MAX jets, citing the plane’s delayed return to service since it was grounded last year following two fatal crashes. “In view of the production stoppage and the delayed return to service of the 737-MAX, Malaysia Airlines has suspended the delivery of its orders,” the struggling airline said in an email. The carrier had been due to take delivery of its first 737 MAX in July 2020 but last year its chief executive said the introduction to service could slide beyond that. …read more […]

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Tesla Skeptic With Downgrader’s Remorse Digs In Over Valuation

January 15, 2020 admin Comments Off on Tesla Skeptic With Downgrader’s Remorse Digs In Over Valuation

(Bloomberg) — An analyst who picked an inopportune time to downgrade Tesla Inc. is expressing regret, giving Elon Musk credit, and yet still doubting the electric-car maker deserves such a rich valuation.“I wish I hadn’t done it,” Joe Osha, an analyst at JMP Securities, said of his decision to cut Tesla to the equivalent of a hold from a buy on Oct. 3.The move looked shrewd at first — the shares slumped 4.2% that day, after Tesla reported quarterly deliveries that fell short of a number the chief executive officer hyped the week before. But later in October, the billionaire …read more […]

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Delta Jet Fuel Dumped in Emergency Sickens 26 Kids and Teachers

January 15, 2020 admin Comments Off on Delta Jet Fuel Dumped in Emergency Sickens 26 Kids and Teachers

(Bloomberg) — A Delta Air Lines Inc. jet dumped fuel over elementary school playgrounds in Los Angeles, causing skin irritations and breathing problems for 44 children and adults, after an engine problem forced the plane to turn around shortly after takeoff.The injuries were minor and none of the victims was taken to hospitals, the Los Angeles County Fire Department said in a tweet Tuesday. Students and adults “may have been sprayed by fuel or inhaled fumes,” the Los Angeles Unified School District said in a statement about the health effects.Firefighters reported victims from at least four schools. The Federal Aviation …read more […]

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PG&E Nearing Deal With Pimco, Elliott on Restructuring Plan

January 14, 2020 admin Comments Off on PG&E Nearing Deal With Pimco, Elliott on Restructuring Plan

(Bloomberg) — PG&E Corp. is nearing a deal with a group of creditors led by Pacific Investment Management Co. and Elliott Management Corp. that would entitle them to a mix of equity and new debt if they scrap their rival restructuring plan, people familiar with the matter said.The California power giant held discussions with the creditors ahead of a bankruptcy court hearing on Tuesday. PG&E lawyer Stephen Karotkin said during the brief hearing that the two parties were involved in “constructive negotiations.” A deal hasn’t yet been struck and the talks may still break off, people familiar with the situation …read more […]