Transportation
United Airlines says FAA has cleared 52 Boeing 777s to fly again after they were grounded for engine failure
A United Airlines Holdings Inc. Boeing 777-200 aircraft on the tarmac at San Francisco International Airport (SFO) in San Francisco, California, U.S., on Thursday, Oct. 15, 2020. David Paul Morris | Bloomberg | Getty Images United Airlines said Tuesday that the Federal Aviation Administration has cleared the path for the return of 52 Pratt & […]
Read More
Tesla stops taking orders for Cybertruck outside North America
Tesla co-founder and CEO Elon Musk gestures while introducing the newly unveiled all-electric battery-powered Tesla Cybertruck at Tesla Design Center in Hawthorne, California on November 21, 2019. FREDERIC J. BROWN | AFP | Getty Images U.S. electric vehicle manufacturer Tesla has stopped taking orders for its upcoming Cybertruck pickup truck outside of North America, according […]
Read More
How Carvana went from a Wall Street top pick to trading with meme stocks
Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Carvana CEO Ernie Garcia III regularly tells Wall Street that “the march continues” in the company’s mission to become the largest and most profitable used car retailer in the world. Its stock price has marched this year as well, just in the wrong direction for investors. Within […]
Read More
Rivian’s shares sink after a report a legal battle with a supplier could delay Amazon vans
Production of electric Amazon delivery vans on April 11, 2022 at Rivian’s plant in Normal, Ill. Michael Wayland / CNBC Shares of Rivian Automotive sank Monday after a report by the Wall Street Journal that the upstart electric-vehicle maker is suing a key supplier in a legal battle that could delay vans ordered by Amazon. […]
Read More
JetBlue launches hostile takeover bid for Spirit Airlines
LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York. Leslie Josephs | CNBC JetBlue Airways launched a hostile takeover bid of Spirit Airlines on Monday after that carrier turned down JetBlue’s $33 per share, all-cash offer earlier this month. JetBlue has said acquiring Spirit would give it access to a large […]
Read More
JetBlue launches hostile takeover bid for Spirit Airlines
A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022. (Joe Cavaretta/Sun Sentinel/Tribune News Service via Getty Images) Joe Cavaretta | Sun Sentinel | Getty Images JetBlue Airways on Monday commenced a hostile all-cash takeover bid for Spirit Airlines, days after the […]
Read More
Boeing management needs a reboot after losing its way, Ryanair CEO says
Ryanair CEO Michael O’Leary pictured during a press conference of Irish low-cost airline Ryanair, Wednesday 02 March 2022 in Brussels. Nicolas Maeterlinck | AFP | Getty Images Ryanair CEO Michael O’Leary has called for a shakeup of management at U.S. aircraft giant Boeing, after delivery delays and a period of fractious negotiations between the two […]
Read More
Auto supplier Magna is uniquely positioned to benefit from electric pickups
DETROIT – If electric pickup trucks from the Detroit automakers take off, auto supplier Magna International is in a unique position to benefit from producing a crucial part of the vehicles. The Canadian company produces the enclosures that house the lithium-ion batteries of the Ford F-150 Lightning and Hummer EV pickups. The parts are highly […]
Read More
A severe pilot shortage in the U.S. leaves airlines scrambling for solutions
Airline pilots walk through the Ronald Reagan Washington National Airport on December 27, 2021 in Arlington, Virginia. Anna Moneymaker | Getty Images The United States is facing its worst pilot shortage in recent memory, forcing airlines to cut flights just as travelers are returning after more than two years of the Covid-19 pandemic. The crisis […]
Read More
United reaches new contract deal with pilots union, the first of the major airlines in pandemic
Boeing 777ER United Airlines. Aircraft to Fiumicino Leonardo da Vinci Airport. Massimo Insabato | Mondadori Portfolio | Getty Images United Airlines and its pilots’ labor union have reached an agreement on new contract terms, the first of the major carriers to strike a deal since the start of the pandemic. The crisis roiled the industry […]
Read More