Tesla Employee Accused of Sabotage
In a letter sent to Tesla (TSLA) employees late Sunday and obtained by CNBC, Chief Executive Elon Musk said an employee has engaged in “quite extensive and damaging sabotage" to the business including changing the…
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David Neeleman Planning New US Budget Airline
(Reuters) - WestJet Airlines Ltd and JetBlue Airways Corp founder David Neeleman is planning to launch a new budget airline in the United States, with $100 million in startup capital, according to a report from…
Airbus Weighing New Long-Range A321
PARIS (Reuters) - Airbus is considering adding extra endurance to the longest-range version of its A321 passenger jet in a further effort to pre-empt a potential new mid-market jet being studied by U.S. rival Boeing,…
Airbus Warns On European Fighter Programme
BERLIN (Reuters) - European efforts to develop a next-generation military combat jet will end in disaster if individual governments insist on dictating specific suppliers or sites, the chief executive of European aerospace firm Airbus (AIR.PA)…
Elon Musk To Build High-Speed Transit System To O’Hare
The city of Chicago has selected Elon Musk's The Boring Company to build a high-speed transit system connecting O’Hare Airport and downtown Chicago. The plan calls for an underground tunnel system where passengers would be transported between…
Hawaiian Airlines Cuts Q2 Guidance
At an industry conference last week, Hawaiian Holdings (NASDAQ: HA) CEO Peter Ingram told reporters that Hawaiian Airlines had experienced a modest decline in bookings due to the continued eruption of Kilauea: a volcano on the Big Island…
Tesla Cuts 9% of Work Force
(Reuters) - Electric car maker Tesla Inc (TSLA.O) is cutting several thousand jobs across the company as it seeks to reduce costs and become profitable without endangering the critical production ramp-up for its Model 3…
Lufthansa A340 Damaged By Fire In Frankfurt
FRANKFURT (Reuters) - A Lufthansa Airbus A340-300 was heavily damaged and 10 people were sent to a clinic to check for potential respiratory issues after a towing truck caught fire at Frankfurt airport, the German…
United Airlines Offers Helicopter Transfers to Newark
United Airlines wants to help its most affluent travelers get to Newark International Airport a whole lot quicker. The Chicago-based airline (NYSE: UAL) launched a helicopter service in mid-May as a transfer of sorts, charging…
Is American Airlines In A Mess?
It can't be fun to be American Airlines (NASDAQ: AAL) CEO Doug Parker right now. His company has experienced massive nonfuel cost increases over the past few years. Now that the carrier is finally reining in controllable costs, fuel…