• Home
  • Post a press-release
  • Visibility packages
  • Subscribe email updates
  • Event Calendar
  • Contact

For Immediate Release | Official News Wire for the Travel Industry

Where press releases are breaking news

  • Home
  • Post a press-release
  • Visibility packages
  • Subscribe email updates
  • Event Calendar
  • Contact

Boeing scraps 2019 financial forecast, halts share buybacks in wake of 737 MAX disaster

April 24, 2019 by Forimmediaterelease

World’s biggest aerospace corporation was forced to pull its full financial forecast for the current year due to unresolved issues surrounding Boeing’s once best-selling 737 MAX aircraft.

Boeing also announced plans to pause share buybacks, citing “a challenging time for our customers, stakeholders and the company.”

“Across the company, we are focused on safety, returning the 737 MAX to service, and earning and re-earning the trust and confidence of customers, regulators and the flying public,” Boeing Chairman and CEO Dennis Muilenburg said in a statement.

The manufacturer had previously posted a report on the first-quarter earnings that managed to fall in line with analysts’ expectations, while its revenue was slightly less than projected. Boeing’s earning per share totaled the expected $3.16 from January through March, while the revenue amounted to $22.92 billion against $22.98 billion forecasted by London-based provider of financial markets data Refinitiv.

Boeing stressed that the previous guidance didn’t reflect the impact of two crashes of the company’s flagship planes, leading to the grounding of all 737 MAX 8 jets by global regulators, lawsuits from some air carriers and a decline in market value.

According to the producer, more than 135 test and production flights of updated software for the 737 MAX have been carried out so far.

Boeing’s bestseller crashed on March 10 not far from the Ethiopian capital of Addis Ababa six minutes after takeoff on the way to Nairobi, Kenya. The tragedy, which killed 157 people, marked the second crash involving the same jet model in less than six months. In October, the same type of aircraft, operated by Indonesia’s Lion Air, crashed in the Java Sea shortly after takeoff, claiming the lives of 189 people.

Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: American Travel News, and, announced, Aviation News, aviation-website, based, best, biggest, billion, Boeing, Breaking Travel News, capital, carriers, CEO, CEO Dennis, Chairman, citing, company, confidence, Corporate News, Corporation, crash, crashed, crashes, current, customers, Data, decline, Dennis, Dennis Muilenburg, Disaster, due, earnings, Ethiopian, Ethiopian capital, expectations, expected, fall, far, Feature, financial, financial forecast, financial markets, first, flagship, flights, Flying, forced, Forecast, free, full, Global, grounding, guidance, halts, impact, in, Indonesia, International Travel News, involving, issues, January, Java, jet, jets, Kenya, killed, lawsuits, leading, less, line, lion, Lion Air, London, march, Market, market value, markets, MAX, MAX aircraft, MAX disaster, minutes, model, months, Nairobi, News articles, October, operated, out, over, People, planes, plans, posted, production, projected, public, pull, quarter, regulators, report, Revenue, s, Safety, said, sea, second, selling, service, Share, Slightly, Software, stakeholders, statement, takeoff, test, through, time, to, Tourism Investment News, tragedy, Transportation News, Travel Disaster & Emergency News, Travel Technology News, Travelwire News, Type, value, way, We, World, World News, year

28 killed in Portugal bus crash, many German tourists

April 17, 2019 by Forimmediaterelease

A bus reported to be carrying tourists, including many from Germany, crashed on the island of Madeira in Portugal, killing at least 28.

Filipe Sousa, the mayor of Santa Cruz, said that 17 women and 11 men were killed in Wednesday’s accident.

Several others were wounded after the vehicle overturned near the town of Canico.

The cause of the crash, which happened in daylight in the early evening, was not immediately clear.

Images on Portuguese media showed an overturned white bus surrounded by firefighters. SIC television said there were 19 ambulances at the scene.

“I have no words to describe what happened. I cannot face the suffering of these people,” Sousa told SIC television.

Portugal’s President Marcelo Rebelo de Sousa said he would travel to Madeira overnight.

Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: and, Breaking Travel News, bus, bus crash, carrying, Cause, Clear, crash, crashed, early, face, Feature, firefighters, German, German tourists, Germany, Germany Travel News, images, immediately, in, including, island, killed, killing, Madeira, mayor, media, men, News articles, overnight, People, portugal, Portugal travel news, Portugals, portuguese, president, reported, s, said, Santa, scene, SIC, Sousa, Sousa said, suffering, television, The Island, to, TO BE, told, tourism, tourists, town, Transportation News, Travel, Travel Disaster & Emergency News, Travelwire News, Vehicle, were, white, women, wounded

Tour helicopter crash lands in Oahu’s Sacred Falls Valley

April 16, 2019 by Forimmediaterelease

Honolulu rescuers have received a call of a downed tour helicopter shortly after 11:30 Tuesday morning.

Six units including the Honolulu Fire Department’s Air 1 helicopter responded to the area of Sacred Falls in Hauula at about 11:36 a.m. Honolulu Fire Spokesman Capt. Scot Seguirant said there were four people on board of aircraft that has made a possible hard landing.

According to FAA, the Hughes 369E helicopter, registered to Paradise Helicopters, made a hard landing in Sacred Falls Valley, about 17 miles north of Honolulu’s Daniel K. Inouye International Airport. No one was injured.

Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: American Travel News, area, Aviation News, aviation-website, board, Breaking Travel News, crash, Daniel, department, FAA, falls, Feature, fire, free, hard landing, Hawaii Travel News, helicopter, helicopter crash, Helicopters, Honolulu, Honolulu Fire Department, Honolulu Fire Spokesman Capt, in, including, injured, International, International Airport, landing, lands, M, miles, News articles, North, Oahu, on board, onboard, paradise, People, received, responded, s, sacred, Sacred Falls Valley, said, Seguirant, to, tour, tourism, Transportation News, Travel Destination News, Travel Disaster & Emergency News, Travelwire News, units, valley, were

American Airlines to keep its Boeing 737 MAX jets grounded until August

April 14, 2019 by Forimmediaterelease

American Airlines has chosen to keep its fleet of Boeing 737 MAX grounded until at least August 19, even if it means canceling 115 flights a day in summer season, as probes into the troubled jet continue and new sales have frozen.

The company, which owns 24 of the embattled jets that were involved in two recent deadly crashes, announced the decision in a letter to employees and customers. AA wants to ensure reliability “for the peak travel season and provide confidence to our customers and team members when it comes to their travel plans,” Chief Executive Doug Parker and President Robert Isom wrote.

The 737 MAX 8 airliners were grounded worldwide after a fatal crash of an Ethiopian Airlines flight, which killed 157 people on board. The incident came months after a crash of the same model operated by Lion Air was apparently linked to the same faulty flight control system.

Parker and Isom have at the same time expressed confidence in Boeing’s ability to fix the problem through software updates and changes to pilot training procedures. The US airline has 24 MAX planes in its fleet and is expected to get 16 more delivered this year. The grounding has already resulted in the cancelation of about 90 flights per day through early June, and the extension may put a strain on American’s ability to meet demand for seats during upcoming peak travel season. As many as 115 daily flights will have to be canceled in August, according to the letter.

The crashes have left Boeing open to criticism over the way it certified the fast-selling model, conducting some of the tests in-house with the permission of the Federal Aviation Authority. Critics say the producer cut corners to fast-track the new model to the market, compromising flight safety as a result.

Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: American Travel News, and, announced, August, authority, aviation, Aviation Authority, Aviation News, aviation-website, board, Boeing, Boeing 737, Breaking Travel News, canceled, canceling, certified, changes, chief, chief executive, chosen, company, confidence, continue, control, Corporate News, crash, crashes, criticism, critics, customers, cut, daily, daily flights, day, deadly, decision, delivered, demand, early, employees, Ethiopian, Ethiopian Airlines, Ethiopian Airlines Flight, even, executive, expected, extension, fatal, faulty, Feature, federal, fix, fleet, flight, flight safety, flights, free, frozen, grounded, grounding, house, in, incident, IT, jet, jets, June, keep, killed, letter, linked, lion, Lion Air, Market, MAX, MAX planes, May, meet, members, model, months, New, new Sales, News articles, on board, open, operated, over, peak, People, permission, pilot training, planes, plans, president, problem, procedures, recent, resulted, Robert, s, Safety, Sales, season, seats, selling, Software, summer, summer season, system, team, tests, through, time, to, TO BE, tourism, training, Transportation News, Travel, Travel Disaster & Emergency News, travel plans, travel season, Travel Technology News, Travelwire News, updates, US, US airline, way, were, worldwide, wrote, year

Ethiopian Airlines has a statement on preliminary crash report

April 4, 2019 by Forimmediaterelease

Ethiopian Airlines had a tragic year so far, but it appears without fault to the carrier. The preliminary report about ET 302 crash on March 10 came in and the airline responded with the following statement:

The preliminary report clearly showed that the Ethiopian Airlines Pilots who were commanding Flight ET 302/10 March have followed the Boeing recommended and FAA approved emergency procedures to handle the most difficult emergency situation created on the airplane. Despite their hard work and full compliance with the emergency procedures, it was very unfortunate that they could not recover the airplane from the persistence of nose diving. As the investigation continues with more detailed analysis, as usual, we will continue with our full cooperation with the investigation team.

Group CEO, Tewolde GebreMariam said that “ All of us at Ethiopian Airlines are still going through deep mourning for the loss of our loved ones and we would like to express our deep sympathy and condolences for the families, relatives, and friends of the victims. Meanwhile; we are very proud of our pilots’ compliances to follow the emergency procedures and high level of professional performances in such extremely difficult situations. We are also very proud of our Global standard Pilot Training Center and the Ethiopian Aviation Academy which is one of the largest and most modern in the world equipped with state of the art and latest training technologies.

I would also like to take this opportunity to thank our valued customers, the traveling public, the media and Global aviation professionals for the remarkably high level of a vote of confidences and strong support that you have been giving us starting from the day of this tragic accident. We will double our efforts every single day to win your confidence and earn your business. Your Safety will remain our top most priority and we will continue to work together with our partners around the world to make air travel safer and more comfortable. My highest appreciation also goes to my 16, 000 colleagues at Ethiopian Airlines for their resilience, high standards of professionalism and their continued commitment for operational excellence and their award-winning customer services which enabled us to continue our business without any operational disruption, flight delays or flight cancellations.”

Ethiopian Airlines (Ethiopian) is the fastest growing Airline in Africa. In its seventy plus years of operation, Ethiopian has become one of the continent’s leading carriers, unrivalled in efficiency and operational success.

Ethiopian commands the lion’s share of the Pan-African passenger and cargo network operating the youngest and most modern fleet to more than 119 international passenger and cargo destinations across five continents. Ethiopian fleet includes ultra-modern and environmentally friendly aircraft such as Airbus A350, Boeing 787-8, Boeing 787-9, Boeing 777-300ER, Boeing 777-200LR, Boeing 777-200 Freighter, Bombardier Q-400 double cabin with an average fleet age of five years. In fact, Ethiopian is the first airline in Africa to own and operate these aircraft. Ethiopian is currently implementing a 15-year strategic plan called Vision 2025 that will see it become the leading aviation group in Africa with Six business centers: Ethiopian International Services; Ethiopian Cargo & Logistics Services; Ethiopian MRO Services; Ethiopian Aviation Academy; Ethiopian ADD Hub Ground Services and Ethiopian Airports Services. Ethiopian is a multi-award winning airline registering an average growth of 25% in the past seven years.

Mr. Asrat Begashaw

Manager Corporate Communications, Ethiopian Airlines

Tel 🙁 251-1)517-89-07/656/165/913/529

[email protected]

www.ethiopianairlines.com

www.facebook.com/ethiopianairlines

www.twitter.com/flyethiopian

Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: amp, and, appreciation, approved, around the world, art, average, aviation, Aviation News, aviation-website, award, award-winning, Boeing, Boeing 777, Boeing 777-200, Boeing 777-300ER, Boeing 787, Boeing 787-8, Bombardier, Breaking Travel News, Business, business centers, cabin, cancellations, cargo, carrier, carriers, center, Centers, CEO, colleagues, commitment, communications, Compliance, condolences, confidence, continent, continue, continued, continues, cooperation, corporate, crash, created, currently, customer, customers, day, delays, Destinations, disruption, diving, double, efficiency, efforts, emergency, environmentally friendly, ET, Ethiopia travel news, Ethiopian, Ethiopian Airlines, Ethiopian Airlines Had, Ethiopian Airlines Tel, excellence, express, FAA, Facebook, families, far, fault, Feature, first, first airline, fleet, flight, flight cancellations, flight delays, follow, followed, following, friendly, friends, full, GebreMariam, giving, Global, global aviation, ground, Ground Services, Group, Group CEO, Growing, Growth, high, highest, hub, in, includes, International, investigation, IT, largest, LATEST, leading, like, lion, loss, loved ones, Make, manager, march, media, modern, most, mourning, Mr, MRO, network, operate, Operating, operation, operational, opportunity, partners, passenger, past, performances, pilot training, pilots, plan, preliminary, preliminary report, priority, procedures, professional, professionals, proud, public, recover, report, resilience, responded, s, Safety, said, see, services, seven, Share, single, situation, standard, standards, State, statement, strategic, strategic plan, strong, success, support, team, Tel, Tewolde, Tewolde Gebremariam, The World, through, to, top, tourism, Tragic, Tragic accident, training, training center, Transportation News, Travel, traveling, traveling public, Travelwire News, twitter, ultra, US, usual, valued, victims, vision, vote, We, were, WHO, win, work, World, year, years

  • 1
  • 2
  • 3
  • 4
  • Next Page »

Search




Recent Articles

  • Introducing the Masquerade Suite at The St. Regis Venice in conjunction with Venice Carnival 2023
  • Malta, in the Heart of the Mediterranean, Offers a Jam-Packed Schedule of Musical Events and Festivals in 2023 Starting with Il-Karnival ta’ Malta in February   
  • Keeping Seychelles as the top choice of holiday destination for Nordic travelers
  • Sandals Resorts delivers authentic vacations
  • Seychelles makes remarkable presence at Spain’s FITUR 2023
  • The St. Regis Venice celebrates romance
  • Luxury romantic Valentine’s Day package from Blossom Hotel Houston
  • Ministry of Tourism and Hidden Worlds launch student art contest
  • ITP Media Group visits Seychelles Islands for luxury experience
  • Spanish hoteliers commit to assist in building 2,000 homes for hotel workers

Subscribe to daily email update

RSS eTN Articles

  • Türkiye tourism strategy unveiled for next 5 years
  • The St. Regis Venice Masquerade Suite welcomes during Carnival
  • Made in Italy must link tourism as key to promotion
  • Hotels to jewelry: Most luxury obsessed US destinations
  • No more passenger extortion at Entebbe International Airport
  • Lufthansa Group: New CEO at Brussels Airlines
  • US Immigration issues new Green Card and Work Permit
  • What’s new in Nice France hotels
  • Former Grenada Tourism Authority official joins new team
  • Tourism Hero leads Odesa World Heritage Project by UNESCO

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • November 2016
  • October 2016
  • August 2016

Content

and Breaking Travel News Business CEO experience first free hotel Hotels in including Industry International International Travel News IT minister most New News articles only over People s said sandals The World through time to TO BE tourism Tours Transportation News Travel Travel & Tourism Organizations News Travel Destination News Travelwire News up We were WHO World World News year years

Copyright © 2023 · Metro Pro on Genesis Framework · WordPress · Log in