A deal to end or pause world’s largest corporate trade war will help dozens of industries caught in tit-for-tat tariffs.
The dispute between the US and EU dates back to 2004 over subsidies to Boeing and Airbus [File: Edgar Su/Reuters]
The United States and Europe are speeding efforts to reach a pact to end a 17-year-old dispute over aircraft subsidies but may settle for a prolonged truce in recent tariff wars, people familiar with the matter said.
A deal to either end or pause the world’s largest corporate trade dispute would grant relief to dozens of other industries affected by tit-for-tat tariffs that were suspended in March. They face a renewed trade war within weeks if there is no progress.
US Trade Representative Katherine Tai discussed the dispute in her first face-to-f...
Rwanda’s national flag carrier has indefinitely suspended flights to and from Uganda, as the latter grapples with a spike in coronavirus infections.
“Due to a surge in COVID-19 cases in Uganda, RwandAir announces the suspension of its flights to Entebbe [International Airport] effective June 10, 2021, until further notice,” RwandAir said in a statement late on Thursday.
The airline advised affected customers to request a refund or rebook and fly at a later date once flights resume.
A record 1,438 new infections were registered in Uganda on Thursday, bringing the cumulative tally to 56,949.
The country’s COVID-19 death toll crossed 400 this week, with health authorities blaming the deteriorating situation on citizens’ refusal to comply with safety rules.
On Monday, the g...
South African Airways will now be 51% owned by a private consortium, Public Enterprises Minister Pravin Gordhan announced Friday.
At a virtual press conference, Gordhan said "The government has agreed that the financial partner will hold 51% of the shares and the government 49%."
The Takatso consortium consists of the pan-African investor group Harith Global Partners and the aviation group Global Aviation, Gordhan added.
Africa's second-largest airline was placed on a safeguard plan in December 2019 to avoid bankruptcy.
In April, the independent administrators in charge of its restructuring declared SAA solvent again.
The 635 million euros restructuring plan was followed by a large-scale layoff plan.
South Africa’s national airline was heavily indebted and unable to ...
Stephen Fitzpatrick's Vertical Aerospace is close to agreeing a merger with a SPAC set up by Hugh Osmond, Sky News learns.
A British 'flying taxi' company set up by the founder of OVO Energy is in advanced talks about a $2bn 'blank cheque' merger that will see another major British technology company heading for the US public markets.
Sky News can exclusively reveal that Vertical Aerospace, which was established by Stephen Fitzpatrick five years ago, is close to sealing a deal with Broadstone Acquisition Corp that will see it become a publicly traded company in New York.
City sources said the merger with Broadstone - which was established by the businessman Hugh Osmond last year - could be announced as soon as Thursday.
They added that the deal was likely to value Vertical...
United Kingdom airlines are scrambling to lay on extra flights to Portugal so that Brits can make it back home before Portugal is placed on the UK’s Amber list. The Iberian nation was removed from the UK’s Green list of safe countries to visit on Thursday after transport secretary Grant Shapps said the presence of the Delta variant (Indian) and an increasing positivity rate was behind the move.
The changes to the UK’s traffic light-like system of rating counties based on their infection rates will come into effect at 04:00 on June 8th. Any person arriving in the UK from Portugal after then must self-isolate at home for ten days and is required to take two expensive post-arrival COVID-19 PCR tests. The travel industry has called the sudden move by the UK government as being in...
International relations are still tense following the shocking arrest of journalist Roman Protasevich by the Belarusian government last month in which it forced the plane he was aboard to land in Minsk.
European and U.S. governments have been engaged in an apparent tit for tat with Belarus and Lukashenko's government following the incident.
European Union ambassadors on Friday approved a plan to ban Belarus airlines from flying over EU territory or landing in EU airports. European Union airlines will be prohibited from flying over Belarus as well, according to Reuters.
That affects about 400 civilian flights that usually fly over Belarus every day, according to European air traffic control agency Eurocontrol. That includes 300 overflights, about 100 operated by EU or British ...
The Department of Transport says that it will stand firm on its decision to introduce a zero-tolerance drunk driving regulation in South Africa’s planned National Road Traffic Amendment Bill.
The bill introduces a total prohibition for the use and consumption of alcohol by all motor vehicle operators on South African public roads.
It does this by deleting reference to any alcohol content in the blood or breath specimen of motor vehicle drivers on the road in South Africa.
The National Road Traffic Act (NRA) currently enables those who have consumed alcohol to get behind the wheel provided they are under the blood alcohol limit.
These laws differentiate between normal drivers and drivers who hold professional driving permits.
Nearly all of the public submissions on the b...