Transportation

Budget airline Norwegian Air Shuttle is taking one of its brand new Dreamliners out of long-haul service and demanding that Boeing repair the plane after it suffered repeated breakdowns, the carrier said on Saturday.

Budget airline Norwegian Air Shuttle is returning one of its brand new Dreamliners to Boeing , demanding repairs after the jet has suffered repeated breakdowns, it said on Saturday.

A Boeing 787 Dreamliner operated by Poland's LOT airline had to land unexpectedly in Iceland on Sunday due to a fault in its air identification system, a spokeswoman for the airline said on Sunday.

Budget airline Norwegian Air Shuttle is returning one of its brand new Dreamliners to Boeing , demanding repairs after the jet has suffered repeated breakdowns, it said on Saturday.

Ford Sollers, a joint venture between U.S. automaker Ford Motor Co and Russian carmaker Sollers , is creating a new research and development centre in Russia to adapt Ford vehicles for the local market, the company said on Thursday.

Airbus will launch a short-range "Regional" version of its best-selling A330 wide-bodied jet at an airshow in China on Wednesday, industry sources said.

Airbus raised its long-term jet demand forecast on Tuesday, saying the world would need to double its fleet as cities expand and Asia's increasingly affluent middle class takes to the skies.

Volkswagen AG plans to double production capacity at a newly opened factory in the southern Chinese city of Foshan, its China chief executive said on Wednesday, as Europe's No.

South Korea voted against Boeing's F-15 Silent Eagle in its 8.

Banca Monte dei Paschi di Siena has said it will not pay coupons coming due at the end of the month on three hybrid loans as a condition for a state bailout.

Norwegian Air Shuttle suffered fresh technical problems with both its Boeing 787 Dreamliners on Sunday, the airline said, in another set of glitches to hit the new jet.

Norwegian Air has summoned Boeing management to Oslo to explain a slew of technical problems with its 787 Dreamliner after weekend glitches brought further disruption.

Allegiant Travel Co , a low-cost carrier that provides service to leisure destinations, on Friday said it would ground as many as 30 of its planes, or roughly half of its fleet, to inspect slides over the next few days.

Austrian police searched the offices of U.S. automotive supplier Dana Holding Corp as part of an investigation into whether aerospace group EADS paid bribes to win a sale of Eurofighter jets, Format magazine reported on Thursday.

Etihad Airways is expanding operations in India with more flights and wide-bodied jets, building on its deal with India's Jet Airways as it eyes growth in one of the fastest growing markets.

Deutsche Lufthansa signaled its second major aircraft order in six months on Wednesday, saying its supervisory board had backed a long-haul fleet plan that industry watchers expect to benefit Airbus and Boeing .

After a major $500 million deal late last year, Texas-based oil-by-rail pioneer Dan Borgen might be forgiven for packing it in.

Auto sales to individual U.S. consumers beat expectations in July and major automakers reported low inventories for many hot-selling models, such as Ford Motor Co's Fusion mid-size sedan, suggesting that sales would strengthen further this year.

Train manufacturer Ansaldo Breda, a unit of Italian defence company Finmeccanica , said it was ready to take legal action against Dutch railways group Nederlandse Spoorwegen (NS) for cancelling a 300 million euro contract.

Delta Air Lines Inc and Virgin Atlantic Airways Ltd are on track to receive immunity from U.S. antitrust laws to operate a planned trans-Atlantic joint venture.