Boeing cuts 737 production and loses liquidity

Boeing‘s Max aircraft safety crisis is causing the company to lose liquidity, meaning the U.S. maker will need more time to meet a key financial target for years to come, its chief financial officer, Brian West, said on Wednesday. The airline is trying to get safety issues under control after an incident on Alaska Airlines […]

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Cinven Said to Be Leading Bidder for TUI Hotelbeds Unit

Buyout firm Cinven Ltd. is the leading bidder to acquire TUI AG’s online hotel booking business Hotelbeds Group, according to people familiar with the matter. Cinven is in final negotiations to acquire the business after outbidding other buyout firms, said the people, who asked not to be identified because talks are private. TUI may announce […]

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After Refugees, Greece Now Awaits the Tourists Turkey Is Losing

When it comes to luring foreign visitors to sun, sea and a bit of history, Greece might be about to gain from Turkey’s losses. The Greek Tourism Confederation expects the number of visitors to rise to a record 25 million this year and bring 800 million euros ($897 million) of extra income, Andreas Andreadis, president of […]

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