26 May 2017


  • The Chinese planemaker has commitments from 23 customers for about 570 of the C919, which took its maiden flight on May 5. Photo: Bloomberg

    AirAsia to consider flying Chinese-made C919

    May 26, 2017 3:43pm
    AirAsiaBhd., the low-cost carrier that flies only Airbus SE planes, would consider using newly developed aircraft such as the Chinese-made C919 as the airline expands its fleet and destinations, Bloomberg reports. “I think as an airline...
  • 'Secret Code of HNA' offers an interesting account on the background and management of the Chinese business conglomerate. Photo: Sohu

    HNA reveals its success secrets in new book

    - May 24, 2017 11:40am
    Chinese conglomerate HNA Group has been getting a lot of media attention recently. After spending HK$27.2 billion to acquire four land plots in Kowloon, the group is said to be in talks to acquire stake in...
  • Uber has acknowledged for the second time in three months that some of its drivers had been deprived of their proper share of earnings. Photo: Bloomberg

    Uber admits to shortchanging NY drivers by millions of dollars

    May 24, 2017 8:46am
    Uber Technologies on Tuesday admitted to underpaying its New York City drivers for the past two-and-a-half years by taking a larger share of the fares than it was entitled to. The ride-hailing giant said it will...
  • Ford's newly-appointed CEO James Hackett speaks at a news conference at the automaker's headquarters in Dearborn, Michigan, on Monday. Photo: Reuters

    Ford names new CEO amid management shake-up

    May 23, 2017 8:39am
    Ford Motor Co. on Monday named James Hackett, the head of its driverless car division, as its new chief executive amid a wide-ranging reshuffle of the automaker’s top management. He replaces Mark Fields, who was dismissed...
  • Cathay Pacific says about 90 management and 400 non-managerial jobs will be cut in the restructuring. Photo: Bloomberg

    Cathay to slash 600 jobs in head office

    May 22, 2017 10:12am
    Cathay Pacific said it will lay off 600 people in its head office as part of a “transformation program” to achieve efficiencies for Cathay Pacific and Cathay Dragon Air. The changes will affect senior, middle management and...
  • Chen Feng (inset, left) turned a tiny airline into a global behemoth. The low-key tycoon is now in the media glare thanks to his son's high-flying lifestyle and recent revelations of his ties with top party cadres. Photos: Weibo, liuqianlv, HNA

    The ties that bind: HNA’s Chen Feng and his rise to power

    - May 22, 2017 10:03am
    HNA Group, parent of the Chinese carrier Hainan Airlines, had kept a low profile until the end of last year, when the conglomerate must have realized that given its size and sway, media scrutiny was a...
  • Boeing Co.'s announcement is the latest in business deals worth tens of billions of dollars signed between US and Saudi companies. Photo: Reuters

    Boeing signs defense, commercial deals with Saudi Arabia

    May 22, 2017 8:06am
    Boeing Co. has signed several defense and commercial deals with Saudi Arabia including for the sale of military and passenger aircraft, Reuters reports, citing the company. The deals come during a visit by US President Donald...
  • Toyota is among the automakers that have reached a deal in the US to settle claims over defective Takata air-bags. Photo: Bloomberg

    Four automakers settle Takata air-bag claims for US$553 mln

    May 19, 2017 8:54am
    Four automakers, including Toyota Motor Corp., agreed to pay a collective US$553 million to settle claims stemming from rupture-prone Takata air bags, the Wall Street Journal reports  Toyota, along with Subaru, Mazda and BMW, reached the...
  • The Murray Road Multi-story Carpark (inset) and other high-volume car paks will be demolished to make way for more high-yielding commercial premises. Meanwhile, car growth is outsripping car park supply. Photos: HKEJ

    The economics of parking cars in Hong Kong

    - May 16, 2017 3:03pm
    Just like the housing issue, the shortage of carparks in Hong Kong is more acute that it has ever been. Transport Department data says it all. The number of licensed private cars surged 45 percent to...
  • China's C919 passenger jet takes off from the Pudong International Airport in Shanghai on its maiden flight on Friday. Photo: Reuters

    What C919 means to China jet industry and domestic airlines

    - May 5, 2017 4:54pm
    Following the maiden flight of C919, China’s first home-built passenger jet, in Shanghai on Friday, the nation is en route to become a major player in the global aviation market. But it will take years to...
  • The C919 jet underscores China's ambitions in the global commercial aviation market. Photo: Reuters

    China’s first big passenger jet set for maiden flight

    May 5, 2017 8:56am
    China’s first big commercial jetliner is expected to launch its maiden test flight on Friday, marking a technology milestone for the country and heralding a potential new player in the global aviation market. The C919 jet,...
  • A prototype of the Tesla Model 3 is on display outside a factory. The company says the car is on track to begin production. Photo: Reuters

    Tesla assures Model 3 on track as cash burn continues

    May 4, 2017 8:31am
    Tesla Inc. assured investors its highly anticipated Model 3 sedan is on track to begin production, mitigating concerns that the carmaker led by Elon Musk is burning through more cash to bring the vehicle to market,...
  • Chinese ride-hailing giant Didi Chuxing is reportedly now being valued at more than US$50 billion. Photo: Bloomberg

    Didi said to seek new funding at over US$50 bln valuation

    Apr 28, 2017 8:51am
    Ride-hailing services firm Didi Chuxing has embarked on a new fund-raising round that would value the firm at more than US$50 billion, making it China’s second-most valuable privately owned company, according to Reuters. Didi is seeking...
  • A future Uber Elevate networks facility is pictured in this handout illustration. Uber is planning to deploy flying taxis in Texas and Dubai by 2020. Photo: Reuters

    Uber looks to skies with flying taxis by 2020

    Apr 26, 2017 8:17am
    Uber Technologies Inc. is aiming for the skies with its flying taxis, Reuters reports. After upending the taxi market with its ride-hailing service, the company expects to deploy its flying taxis in Dallas-Fort Worth, Texas, and...
  • Tesla said less than 5 percent of the vehicles being recalled may be affected. Photo: HKEJ

    Tesla to recall 53,000 cars over parking brake issue

    Apr 21, 2017 9:05am
    Tesla Inc. said it will recall 53,000 of its Model S and Model X cars globally to fix a parking brake issue. Shares of the US luxury electric car maker were down nearly 1 percent at...
  • Visitors view the AeroMobil flying car at the Top Marques Monaco supercar show in Monaco on Thursday. Photo: Reuters

    Flying car costing more than US$1 million unveiled in Monaco

    Apr 21, 2017 8:54am
    A Slovakia-based company unveiled the commercial design for a flying car priced at more than US$1 million, saying it was ready for pre-orders with first deliveries expected by 2020, Reuters reports. AeroMobil said on Thursday its...
  • Malaysia Airlines is expected to start using the global aircraft tracking system next year. Photo: Reuters

    Malaysia Air to use satellite-based aircraft tracking system

    Apr 19, 2017 10:04am
    Malaysia Airlines, which lost a wide-body jet with 239 people aboard as it was flying over the Indian Ocean in 2014, has become the first airline to sign an agreement for space-based flight tracking of its...
  • Despite posting a net loss for 2016, Cathay Pacific remains financially healthy as it reported net operating cash inflow of over HK$6 billion for the year. Photo: YouTube

    Why Cathay is worth a bet for those patient enough

    - Apr 18, 2017 4:38pm
    Soured fuel hedging bets and the reported losses for 2016 have contributed to weak sentiment on Cathay Pacific Airways (00293.HK), but investors may be overlooking some of the encouraging trends going on that could lead to...
  • United's shares rose after reporting better than expected quarterly earnings. Photo: AFP

    United accused of booting out couple traveling to wedding

    Apr 18, 2017 8:10am
    An engaged couple were removed from a United Airlines flight to Costa Rica, as the airline remained under scrutiny following outrage caused by a video last week of a passenger being forcibly removed from a flight....
  • Despite public outcry against United Airlines for dragging an Asian passenger (inset) off a plane due to overbooking, the airline is unlikely to change its policy. Photo: Reuters

    How United Airlines makes more money by offering poorer service

    - Apr 13, 2017 11:43am
    United Airlines is suffering from a public relations crisis after an online video showing a passenger being violently dragged off a plane went viral. The Asian passenger with a bloody face in the viral video has...

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