Transportinfo.org.uk - today's transport news in the uk, hand picked for you each morning

Friday, 10 November 2017

Financial Times

• Emirates bounces back to double first-half profitsGulf carrier tackles series of setbacks but warns trading conditions remain tough

City AM

• Boeing's $37bn China deal for 300 planes takes offBoeing has secured a $37bn (£28bn) deal for China to buy 300 of its aircraft as the country looks to cater for rising demand by picking up new planes.
• Inmarsat shares plummet as shrinking earnings fail to impressShares in British satellite giant Inmarsat today plummeted after initially rocketing on third-quarter sales growth.
• Gatwick October passenger growth hampered by Monarch collapseThe collapse of Monarch slowed passenger growth at London Gatwick last month, down from September's 2.7 per cent rise, though it was still a 1.4 per cent increase on the same time last year.

Buying Business Travel

• Wow Air adds new routes from JFKIcelandic low-cost carrier Wow Air will begin flying to and from John F Kennedy airport in New York starting in spring 2018.

Aviation Industry

• Flybe interim adjusted profits down on IT, maintenance costsLower profit warnings at UK-based regional airline Flybe proved accurate as the company’s half-year FY 2017/2018 results showed an adjusted profit before tax for the six-months ending Sept. 30 of £8.4 million ($11.3 million), down 7.5% from £15.9 million in the year-ago period. read more
• Boeing acquires autonomous systems developer Aurora Flight ServicesBoeing completed its acquisition of Virginia-based advanced aerospace platforms and autonomous systems manufacturer Aurora Flight Sciences Nov. 8. read more
• US company in 787 talks for World Airways startupMiami-based investment company 777 Partners plans to launch a long-haul LCC under the World Airways brand. read more