fill us in on what the future is for jet airways. fill us in on what the future is for jet airways.ast ditch attempt to buy. a consortium of airlines took over to recover what they can of the roughly $1 billion they are collectively owed. yesterday they came out of a meeting in mumbai and said there was only really one incredible offer on the table, that is reportedly from etihad in abu dhabi, and it required them to take an 80% haircut, or something like that. unsurprisingly they didn't find that appetising and they didn't find that appetising and they are referring the company to they are referring the company to the insolvency court in the hope that either another buyer will emerge or they will recover some of their money to a fire sale of what remains ofjet airways's assets. as days go by, a revival or rescue of jet airways is looking increasingly unlikely, not least because the capacity that was left byjet airways is soon to be bought up by some of its former rivals. thank you for that quick look atjet airways, in the news yet again. that's it for the business briefing this hou

to factors could play out for jet airways. that lenders will need to find a resolution on the ownership, as well as the debt, and that is what will be in focus on jet airways today. >> thank you very much. to leave things there as we go into a break, taking a look at the latest out of hong kong. thes are opening up across area after protests on sunday saw 2 million people on the streets. this is bloomberg. ♪ ♪ >> you are back with bloomberg markets. a couple business flash headlines. fifth-generation telecom still at its earliest stages but samsung is already talking 6g. they have held talks about potential collaboration with platform companies with blockchain technologies and ai. still working are on 5g services. drop way bracing for a 40% in smartphone shipments following the blacklisting by the u.s. sources say it is even considering pulling its latest model. last year international orders made up almost half of their 200 million in sales. stay with us. ♪ ♪ >> it's almost 11:00 in singapore, 8:30 a.m. in mumbai. i'm haslind

cost cutting measures that you talked about or we've seen big players going bankrupt like in years jet airways also south korea's 2nd biggest carrier us yana is really on the watch of bankruptcy and is up for sale but i think that also has to do with another think they're basically presenting the industry in a more modest way making travel more sustainable just as the brand this is growing that. yeah you know traffic is one of the big factor us contributing to climate change right there reporting from seoul from the conference thank you so much. india says it's unfortunate that the u.s. has decided to end its preferential trade treatment but you daily also stressed that it would always act in its national interest of trade now this comes after u.s. president donald trump decided to cancel india's classification as a beneficiary developing country transit india had not assured us that it would provide equitable and reasonable access to its markets. meanwhile china has set out prerequisites for a u.s. china trade deal in a white paper and daniel cooper is standing by for the franklin stock excha

jet airways bankruptcy. creditors to start insolvency proceedings against the debt laden indian carrier. and turning trash into tracksuits. 0ur global sportswear brands are tackling the rising tide of plastic pollution. hello and welcome to asia business report. i'm sharanjit leyl. west arthurjet airways, because creditors are to begin insolvency proceedings against the stricken indian airline. ——we start with. they're trying to find a suitable buyerfor they're trying to find a suitable buyer for what was once the country's biggest carrier. ellis taylor told me how the shutdown will impact the aviation industry. in some ways, the indian aviation industry has already adjusted to shutdown ofjet airways. this has not operated afloat since the 17th of april. we have seen in the past couple of months some of the airlines are saying they have effectively filled the gap in the market. there are some questions about internationally, the ones to canada and europe and the us. there are not canada and europe and the us

david: i have to ask you about jet airways.e.an that was certainly a surprising move considering an is following this rumors in the markets about a shortcoming perhaps, and now we are saying it has been admitted whonsolvency with lenders will deal with the debt, or finding an investor, and this is the final nail in the coffin now. rishaad: thank you. the charts.attle of are your bets on equities are oil? david: find out who wins, next. this is bloomberg. ♪ rishaad: it is the battle for the chocolate teacup. battle of the charts. charts on your bloomberg, gtd go. let's kick things off now. we are starting with jeannie. possiblert is about technical barriers emerging for ,he chinese benchmark index like what was flagged yesterday. is can see the yellow line the 50 moving day average, getting close to the 100 day moving average. before, itappened preceded declines in the markets. traders, it is a warning sign for them. i like how jeannie was sweet but savage in the messaging there. >> hi. the chart i want to show you is about the

we've already had a number of airlines including jet airways in india going bankrupt. airbus, theyd to are not necessarily trying to take advantage of the 737 was, but there are opportunities. however they say one big threat is the threat from donald trump in the white house to impose a separate set of tariffs on airbus over the long stand. what the chief commercial officer told me yesterday. the unitedat of states to impose tariffs on airbus products could have ripple effects throughout this industry, all the way to the consumer, as airplane flying becomes more expensive it will work its way back through the whole supply chain. see in the next few weeks whether airbus gives its next-generation answer to the 737 max 8. there, as wehat were discussing, about the 737 max 8, with all sorts of different predictions as to when it would be taking to the sky. go through what people have been saying, if you would. >> we don't have any clear picture of when it will be back up in the skies. spicejet is hearing from boeing that the fixes to the mcat and redundant sensors -- all t

what we are trying to do is take aircraft from jet airways.to get looking some of those planes to start flying in the last 25 days, taking 25 of their aircraft which have started to fly and we are taking a bunch more. we are trying to fill in the gaps that we can using those planes. stephen: you have 13 maxs now sitting on the aircraft -- the tarmac. are you looking at other aircraft not just from jets? ajay: we always continue to look because it is clear spice jet and india needs more aircraft. if the max does not come back in a short time, of course all options are open. the first option is to look for our system is- geared towards this airplane but we can't rule out the possibility of looking at airbus and other aircraft. stephen: can you give any kind of it idea of compensation? airbus is offering us aircraft in that medium to , the 321 series of aircraft including the lr and xlr. we are also looking at at least at an aspirational level at the wide-body aircraft because there is a space that has been cleared . india needs to take its passe

we're not going to go through all the numbers here we had a bankruptcy in india with jet airways last month. jet had a sizable order for 737 maxes. that obviously will not be an order that they will follow-through with. so the latest numbers when it comes to the 737 max is a negative 68 in terms of orders this year. but the backlog for 737s between the ng and the max is still robust over 5,500 but it is lower compared to a month ago now standing at 5,546, down about, what, 37, something like that compared to a month ago. guys, back to you. >> phil lebeau, thank you. >>> still ahead here on a special edition of ""squawk alley,"" we're going to be talking beyond meat which is actually down 20% right now. stock was up 500% after getting a downgrade at j.p. morgan today. easterlyin' vestor will join us next and later, much more from our exclusive coverage of the code conference out in scottsdale, arizona. don't go anywhere. we're back after a quick break johnson & johnson is a baby company. but we're also a cancer fighting, hiv controlling, joint replacing, and depression relieving compan

jet airway we are following in the india session after we heard that lenders will file for bankruptcymrr has come through regionally saying it plans to have a billion dollars australian in cost savings. it has a firm to its capex dividend. nejra: juliette saly in singapore. fed officials have their work cut out as they begin a two-day policy meeting. markets will be expecting signals that they are prepared to cut rates at one point -- at some point. acts always, we will appropriately with the strong labor market. attuned to potential risks to the outlook. if we saw a downside risk to the outlook, that would be a factor that could call for more accommodative policy. >> i'm a little nervous about the low inflation trade -- inflation rate. even though we think it is temporary, it could be a reason for accommodation. >> we are seeing mixed signals around what is happening in china and europe. what is important is to keep an open mind. toi think it is too soon make a judgment as to whether we will or will not make a move. this comes as ecb president mario draghi gives the keynote speaker a

boeing has received a boost for its grounded 737 max jet after british airways owner iag signed a letterly trying to develop a software fix for 737 max planes after two deadly crashes. shares in the plane maker rose almost 3% after the announcement. pacific gas and electric corp has agreed to pay $1 billion to local california authorities for wildfire damage blamed on the firm. the camp fire, which started in butte county, claimed 85 lives. californian fire investigators said that the blaze was sparked by transmission lines owned by the firm. that is your business briefing. i'll see you in a moment. the bbc‘s director general, tony hall has been defending the decision to end free tv licences for the over 75s from next year. only those receiving pension credit still won't have to pay. more than 560,000 people have now signed a petition opposing the decision. 0ur media editor, amol rajan reports. # stop in the name of love... the bbc has always tried to reflect britain, and today the affection it is regarded with reflects our generational divide. very broadly, the older you are the more yo

jets. retired u.s. airways sullenberger telling lawmakers pilots need new simulator training before those planes return to service. saying boeing's recommended hourlong computer course is not enough. >> we should all want pilots to experience these challenging situations for the first time in a simulator and not in flight with passengers and crew onboard. and reading about it on an ipad is not even close to sufficient. >> captain sullenberger, of course, known for his miracle on the hudson landing. >>> a charlotte couple heading to court over a disputed lottery ticket worth $500,000. a woman who claims she bought the winning lucky for life ticket on her own says her girlfriend, who according to the suit, was also in the store, took the ticket and tried to cash it in without her. north carolina lottery officials say they'll allow the courts to decide who gets the jackpot. and whether it's shared. >>> when we come back, "america strong." she was 102 when you met her right here. what she's done tonight. you don't

the news comes as a parent company of british airways order to hundred 737 max jets were $24 billione customary discount. former head of european football has been arrested in france as part of an investigation into the decision to award the 2022 world cup. he denies any wrongdoing. he was europe's most senior figure on the world's body that made the controversial decision. the closed-door vote was criticized because qatar is still hot. the usual july world cup will be moved to november and december. local news, 24 hours a day, on air and that to talk on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am jessica summers. this is bloomberg. paul: now for some stocks to keep an eye on. let's get over to sophie kamaruddin in hong kong. sophie: challenger is in focus on investor day. morgan stanley said there is ongoing wrist and a delay in the policy and the potential overhang from these financial services inquiry. the shares are trading near three-year lows in the wake of last week's morning at lower interest rates and weak sales will hit pocke

jets. a new order from british airways' parent company is breathing new life into the program. >> first quarterer a global scandal. , there hass air show finally been a breath of fresh air. iag says it intends to buy 200 boeing 737 maxes, even if the plane remains grounded. over flight control software blamed for two deadly crashes. the company thanked them on social media for their trust. the letter of intent is valued at $24 billion. but they have also been given a major discount. this is the first order to come in since the ethiopian airlines crash last march. since that crash and the lion air crash before that, boeing has been in the hot, being investigated into software issues. airbus'production lines are already full. confident they will solve those issues. we are confident that they will get these issues dealt with. >> boeing still has a long way to go. it shook the confidence of travelers and pilots and the company still needs to go through ongoing hearings, get regulators to ok their planes, not to mention compensating the airlines and the families that lost loved ones. >> that was you

today's announcement, they have iag, 737 max jet customer, the parent company of british airways, signing a contract catapulting the company into one of the biggest customers of the jets. it is a nice paycheck for two days work in paris. sarah: cyclical shares may have led the market higher today but that is a change in contour since may 1. the best sectors have been the likes of utilities, health care, real estate, staples. you are looking at a graph of relative price performance of defensive versus cyclical. or performing at near relative decade-long highs. they say that it is at the highest, in the top quintile in 1990'sing back since the . the s&p 500 has returned 18.6% on average in the next six months. defensiveness is potentially a reason. romaine: thanks. let's get back to what has been going on in the market, still with michael regan and dan suzuki. go back to you. we have this bank of america arrow lynch survey that was showing that the most crowded trade right now is long treasuries. i know that is somewhat of a backward looking survey, but what does that tell you about market

boeing also announced it made a deal with the british airway's company of 200 max jets. >>> and u.s.d airlines boasted their profits are up. it's up 25% from the same period last year. the profit coming thanks in large part to baggage fees and other secondary charges. airlines have collected more than a billion collars in the months of 2019. last year, american, delta, united, and jetblue raised their fees to $30, and $40 for the next bag. >> they're going to be doing fine by the end of the year. >> and those baggage fees can really get you. >> they totally do. diane king hall at the new york stock exchange. thank you, diane. >> you've got it. >>> still to come, joe biden behind the bar. the presidential candidate shows his support for gay rights during a stop at the historic stonewall inn. stop at the historic stonewall inn. support, chantix is proven to help you quit. with chantix, you can keep smoking at first and ease into quitting. chantix reduces the urge so when the day arrives, you'll be more ready to kiss cigarettes goodbye. when you try to quit smoking, with or without chan

boeing has received a boost for its grounded 737 max jet after british airways owner iag signed a letterings growth. that‘s according to the institute for fiscal studies which says about eight million people living in working households are in what‘s called "relative poverty". a household is defined as being in relative poverty when its income is less than 60% of the average. in real numbers — today — that‘s about £17,000 a year. how do we see this in real life? one way is to visit a food bank and talk to its manager. locally we‘re seeing thatjobs are not a guaranteed route out of poverty so recently we surveyed all of the referrers, so the teams of gps and social workers and advice agencies who refer people to us when they‘re in crisis. half of them said that they have referred working households to us in the last year. joining us now is chris goulden, deputy director for evidence and impact at thejoseph rowntree foundation. how did we get to this position? we are seeing this large rise in poverty among households or someone is doing paid work so they are getting a job, we are seeing a

jetblue airways is suing walmart over the name of its new shopping service jet black. the airline is asking a judge to block walmart from calling its new text message personal shopping service jet black jetblue says the name infringes on their trademarks the a airlines has wal-mart plans to expand its services and other names like jeff golden jet silver are what they're thinking of using they say that the retailer will start offering travel and transportation services using those names walmart says it they will respond in court. >>warning for parents of baby formula that was sold at walmart is being recalled because it could contain pieces of metal. it's called advantage infant formula milk-based powder with iron that's the name. the recall affects more than 23,000 35 ounce containers of the formula it has a use by date of february 26th, 2021. if you have the products year told to stop using it immediately returned it to wal-mart for a full refund we have all the specifics of the recall on our website kron 4 dot com. and the measles outbreak across the us continues to

all 737 max jets were grounded after two of the aircraft suffered fatal crashes in the space of five months. the first british airwaysakistan in more that a decade has taken off from heathrow. ba halted flights in 2008 after more than 50 people were killed ina bombing at a hotel in islamabad. it's the only western airline flying to pakistan. have you ever been tempted to ditch the dayjob and turn your passion into a business? converting that great idea into a great money maker can be quite a journey, especially if you're young and inexperienced. we caught up with one londoner who started his business while still at school. i started the brand when i was 15 yea rs old i started the brand when i was 15 years old in secondary school. with literally no funding whatsoever. i had no idea of the fashion industry, no knowledge of it. i started off by literallyjust trying a few designs on paper and at the time i didn't have any money, so i had to literally sell drinks at school to raise a few funds, i made £10 a day. it wasn't a lot, but that was the cost at the time for me to print off my first design. i have been talking ab

airways and iberia for some 737 planes. they counted it as 737 dash 8 planes or deshon on. those max jets or not are we sort of is there a bit of smoke and mirrors going on here. actually this was particularly interesting because in what is somewhat extraordinary measure i agee who are the parent company of british airways they have given boeing the biggest vote of confidence that their company has seen since the crisis by signing a deal this week at the paris air show for 2737 max jet aircraft this is very unusual given that this aircraft is in the heart of its crisis it's good news for boeing but it has been met by backlash from the people that noticed that actually these are max jets because interestingly enough they decided not to mention the word max when they notified the london stock exchange here that they are signing this deal and again that's probably because this could have sent jitters across the industry that at the heart of its crisis you have a major airline player ordering such a large amount of aircraft that passengers claiming they simply will not fly so with a vote of c

airways and iberia for some 737 planes. they count 737 dash 8 planes or dash one. of those max jets or not are we sort of is there a bit of smoke and mirrors going on here actually this was particularly interesting because in what is somewhat extraordinary measure i agee who the parent company of british airways they have given boeing the biggest vote of confidence that the company has seen since the crisis by signing a deal this week at the paris air show for 2737 max jet aircraft this is very unusual given that this aircraft is in the heart of its crisis it's good news for boeing but it has been met by backlash from the people that noticed that actually these are max jets because interestingly enough they decided not to mention the word max when they notified the london stock exchange here that they are signing this deal and again that's probably because this could have sent. it says across the industry that at the heart of its crisis you have a major airline player ordering such a large amount of aircraft that passengers claiming they simply will not fly so with a vote of confide

british airway‘s owner iag putting its faith in boeing's about british airways owner iag putting its faith in boeing's troubled 737 max jete since two deadly crashes in the past year. 0ur correspondent theo leggettjoins us now from the paris air show. theo, talk us through exactly what ba and iag have been saying about this purchase and what the mood is about what they have done. well, it is hard to overestimate just how important this is for boeing. international airlines group has signed a letter of intent saying it wa nts to signed a letter of intent saying it wants to buy 200 737 aircraft. that is not the same as a firm order but it would be very surprising if it rowed back on that. iag is saying it has confidence that boeing can fix the 737 max and software fixes will ultimately work, make the aircraft com pletely ultimately work, make the aircraft completely safe and enable it to be sold for many years to come. for boeing, that is incredibly important, this is its flagship aircraft. it has a backlog of about 5,500 aircraft. a400 of aircraft. it has a backlog of about 5,500 aircraft. 4400 of them are 737 maxs, so it

congressional panel naming witnesses for boeing 737 max jet, the former u.s. airwaysot who safely landed hudson river in 2009, and former federal aviation administration head randy is going to be speaking. this is a second hearing on the grounded 737 max held by house aviation subcommittee, the panel going to gather information to make sure jets are safe, of course, before they are allowed to fly again. well, investigators combing through wreckage to helicopter that crashed on top of building here in manhattan this afternoon. the chopper was flying in rain and fog, the pilot was killed, he was the only person on board. he's been identified as tim mccormick, former volunteer fire chief from up state new york, in the wake of this accident, it's calling for a ban on all nonessential helicopter flights over the city. just an hour or so susan li will be talking with the head of uber's helicopter venture and get his take on, of course, the crash yesterday and it was such a -- it was a white out in the skies in manhattan, i'm sure you saw. maria: thank you, cheryl, when we c

jet since two fatal crashes. the parent company of british airways and other carriers signed a letter of intent to buy 200 of the plane37 all existingax's are now grounded, while boeing works on problems linked to crashes in indonesia and ethiopia that killed 346 people. the father of a chd killed in a 2012 school massacre has won a defamation suit against the authors of a book that claed it never happened. 20 children and six teachers died in the attack on sandy hook elementary school in newtown, connecticut. lenny pozner won a summary judgment on monday, in wisconsin, where one of the book authors lives. a later trial will dec monetary damages. facebook is moving into digital currency. the social media giant rolled out plans today for its own currency, called "libra." it is being developed partnership with paypal, uber, visa and others. facebook aims to launch the currency in six to 12 nths. and, on wall street, stocks jumped after the president sd he will hold trade talks with china's president. the dow jones industrial average gained 353 points to close at26 65. the nasdaq rose 109 points, andd the s&p 50ded

. >>> boeing has signed its first deal for new 737 max jets since the planes were grounded. the parent company of british airwaysbuy 200 of the max airliners for about $24 billion. the planes haven't flown since march following two crashes which killed nearly 350 people. problems with the flight control system were linked to both incidents. boeing is still working on a software fix. >> today on capitol hill, retired pilot sully sullenberger will testify to congress about the 737 max. active pilots, flight attendants, and airline representatives will also appear. >>> prosecutors here in new york say an alleged mob hit last fall was a family affair. ttola wacull wleodlvester murder conspiracy charges. he's accused of providing information about his dad's location to facilitate the hit. no motive has been given. >>> some of the nation's largest cities are suffering from the biggest cases of worker burnout. >> a survey by the robert half temp agency found the burnout leaders are l.a. and orange counties in southern california. half the workers say they're pretty much fried. >> detroit, chicago, phoenix, and new york

airways and iberia for some 737 planes. they count 737 dash 8 planes or dash 9. those max jets or not are we sort of is there a bit of smoke and mirrors going on here. actually this was particularly interesting because in what is somewhat extraordinary measure i agee who are the parent company of british airways they have given boeing the biggest vote of confidence that their company has seen since the crisis by signing a deal this week at the paris air show for 2737 max jet aircraft this is very unusual given that this aircraft is in the heart of its crisis it's good news for boeing but it has been met by backlash from the people that noticed that actually these are max jets because interestingly enough they decided not to mention the word max when they notified the london stock exchange here that they are signing this deal and again that's probably because this could have sent jitters across the industry that at the heart of its crisis you have a major airline player ordering such a large amount of aircraft that passengers claiming they simply will not fly so with a vote of c

boeing came out was a surprise announcement with a company that owns british airways, a letter of intent for 200 737 max jetsbeing very humble to show their appreciation for the order of max jets. alix: definitely a big boost, especially after many orders airbus had. they needed something going on. david: i think the question is discount. what did they pay? alix: good for both. david: the third company we are watching his raytheon. brooke sutherland going to snow on the telephone from the paris air show. you got to talk to raytheon, right? [indiscernible] david: can you hear me? paris airam at the show. it is quite loud here, but i did speak with the raytheon ceo yesterday. they are really looking forward to moving forward. they did say the estimate on ,ost energy maybe conservative so that may answer questions some had about the estimates seeming low on that. does that mean it will be accretive sooner than it would be? i noticed it was going to be a couple years before it started making money for them. brooke: right. if you look at united technology's track record, they've already shown their interest for -

drone was shot down by iran, a qatar airways flight was just 45 miles away according to the faa. flight radar shows the qatar jet on its way to bangkok from doha passed almost directly between the launch point and the drone and at the speed those planes fly, there's every chance that missile could have locked on to the wrong target. >> which could have been devastating, and we know that u.s. air carriers are taking that very seriously. how is this incident impacting flights in the region? >> reporter: yeah, so that close call and rising tensions here prompted the faa to ban u.s. operated flights over iran, the persian gulf and the gulf of oman. some of the carriers affected include united, u.p.s., fedex, atlas and polar air, and the faa says about 31 flights a week are affected. and note that a few international airlines are doing the same including major companies like british airways and lufthansa. there's still a lot of uncertainty here, whit. >> james longman in the gulf of oman for us, we appreciate your reporting. >> dan, over to you. >> whit and james, thanks to you both. >>> we move on to the other devel

jets. the announcement includes an $11 billion order. xlr, which is capable of crossing get antic and is raising the pressure on rival, boeing. virgin atlantic wants -- qatar airwaysected to announce a stake as part of a plan to boost revenue abroad during the saudi arabia-led aplomatic standoff bit of deal would add to the existing interest for the owner of british airways. the leading -- open toays it is dropping the max branding for the troubled 737 plane as it tries to regain the trust of airlines and travelers after two fatal crashes. dennis muilenburg says he sees the max back in the air by the end of the year. >> we are very focused on safety. that is our paramount focus. that is the tone for the entire show. we are making good, solid progress on bringing the max back up, working to the certification, simulation flights this week. we hope to schedule the flight test, the certification flight shortly, and get the airplanes that up in the air, but all of this is being done through the lens of safety and we will take whatever time is necessarily to make sure the plane is safe. rishaad: 2019, 2020? >> it is something we expect before the end of this year. to gi

jet crashed in september of last year. if the deal is approved, the planes would be delivered between (2) 023-2027 to airlines owned by the parent company of british airways. >>> we have a little bit of something for everyone today in our bay area forecast. anywhere ranging from the mid 60s to the 90s. we can start by taking a look at a quick summary of the date. really mostly sunny for our inland locations. we will see some cloud cover continuing along the coast and around the bay. but warmer today than yesterday. about 3 to 5 degrees warmer than what we saw yesterday. we're currently under a heat advisory right now in lake county and also the southern sacramento valley. there are two cities specifically that i noticedthe . 95eg advisory is also. clear lake could get to 98 degrees today. so just some tips. heat illness is possible. so just avoid the sun and drink fluids if you can. if you have anyone that you know lives in this those areas. just beware it's going to be a hot one. it will be warm but not too bad. 83 degrees the high there today. we'll get to about 82 degrees in petaluma and navato. inland things will warm up just a bit more. brentwood cou

airways -- not just the most prestigious of carriers, but a cultural icon. pan am was founded in 1927 as america's first international airline. an innovator in the use of jet becomes legendary for its luxury, panache, and above all, its classy, gorgeous stewardesses. pan am flight attendants were iconic. did she fit the bill, lise? >> oh, good lord, i think she createdthe bill, actually. >> how'd she look in her uniform? >> oh, she looked gorgeous. she looked gorgeous until she retired. >> the stew's life gives naomi the chance to see the world. during layovers, while her stewardess friends sit by the pool, naomi immerses herself in the local culture, which leads to a new hobby -- beads. that's how she befriends jamey allen -- over their shared love of the small mementos. what do you think naomi's fascination with beads was? >> she liked the fact that beads put you in touch with the culture that you admire or are interested in. >> in some cultures, they're money. in others, magical charms. for naomi, they slide easily into a suitcase and through customs. >> they are mankind's oldest portable art form. >> naomi soon identifies the perfect way to add to her

planes back into the air, remember, american ordered 50 new airbus jets that was a blow to boeing obviously, saved by british airwaysow much training do pilots have with more than aviation? >> i will tell you that first of all, there is nothing more safe than an architect than welcome trained happy crew. and i would like to think at flexjet we created a culture of great pilots wonderful very, very well trained average pilot has 10,000 hours flight time training is critical we invested in a training company, because and we wish people at booing very, very well to be able to get at boeing very, very well. >> combination, you need simulator training you also need time in the air, a combination of two of them, i think is critical for future safety. >> so boeing i think the concern especially with case of 737s that companies were putting basically profits oefrn safest has that affected your calculus to look more at safety standards and maybe send spend more time monday than you normally would because of the situation where the company could go belly-up if an accident that actually occurred? >> so all that we had fun abou

british airways owner iag signed a letter of intent for 200 of the grounded next jets.illions.s, values at it gives boeing the opportunity to turn around the narrative of the biggest source of profit. walshchairman william personally vouch for the planes, saying he would get on board tomorrow. christian sewing is planning sweeping changes to deutsche ,ank's top management considering replacing the chief of finance and the investment banking head. he may takened control of the investment bank on an interim basis while the lender searches for a permanent successor. plan for a new cryptocurrency faces angry pushback from lawmakers. the u.s. house financial services committee chairwoman maxine waters urged the company to halt development of the token . some are questioning if the coin called libra would have sufficient oversight. francine: today marks the end of the ecb form and portugal, following the end of mario draghi's tenure as ecb president this autumn. though he is on the way out, he has not been holding back. >> in the absence of improvement such that the sustained