Anheuser-Busch InBev Asia cancels world’s largest IPO of 2019

Anheuser-Busch InBev said on Friday it will not proceed with the initial public offering of its Asia Pacific unit, Budweiser Brewing Company APAC, on the Hong Kong Stock Exchange. The move, against the backdrop of a protracted U.S.-China trade war, set a downbeat tone for large Hong Kong listings, seen as a barometer for future large share sales, such as Alibaba’s Hong Kong listing. IPOs on Hong Kong exchanges are only able to price up to 10% below the target range without regulatory approval if


Anheuser-Busch InBev said on Friday it will not proceed with the initial public offering of its Asia Pacific unit, Budweiser Brewing Company APAC, on the Hong Kong Stock Exchange. The move, against the backdrop of a protracted U.S.-China trade war, set a downbeat tone for large Hong Kong listings, seen as a barometer for future large share sales, such as Alibaba’s Hong Kong listing. IPOs on Hong Kong exchanges are only able to price up to 10% below the target range without regulatory approval if
Anheuser-Busch InBev Asia cancels world’s largest IPO of 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: eustance huang
Keywords: news, cnbc, companies, billion, cancels, ipo, investors, hong, kong, worlds, large, set, 2019, company, end, asia, debt, inbev, anheuserbusch, largest


Anheuser-Busch InBev Asia cancels world's largest IPO of 2019

Anheuser-Busch InBev said on Friday it will not proceed with the initial public offering of its Asia Pacific unit, Budweiser Brewing Company APAC, on the Hong Kong Stock Exchange.

The company said the decision was due to “several factors, including the prevailing market conditions.”

It had been set to be world’s biggest listing of 2019. The company had been seeking to raise up to $9.8 billion.

The move, against the backdrop of a protracted U.S.-China trade war, set a downbeat tone for large Hong Kong listings, seen as a barometer for future large share sales, such as Alibaba’s Hong Kong listing.

Budweiser APAC, whose portfolio of more than 50 beer brands includes Stella Artois and Corona, received offers for shares within its targeted range from hedge funds and private wealth managers but some large long-only U.S. investors, which are often prioritized in an IPO, offered below the HK$40 per share level, other people familiar with the matter said.

IPOs on Hong Kong exchanges are only able to price up to 10% below the target range without regulatory approval if the risk is flagged in its prospectus.

This was not sufficiently highlighted in the Budweiser filing so AB InBev held firm on the HK$40 price, meaning some U.S. investors trimmed the size of their orders, sources said.

The company’s executives and representatives from the deal’s co-sponsors, JPMorgan and Morgan Stanley, met in New York to discuss pricing after the books closed on Thursday.

People familiar with the issue said it was struggling to secure enough demand from long-term investors.

Typically investors put in orders for more shares than they actually expect to receive in an effort to ensure they get a good allocation. Deals where those investors end up with more than they really expected often trade poorly to begin with.

All the sources who spoke to Reuters did so on condition of anonymity as they were not authorized to speak on the matter.

Budweiser APAC was seeking to raise between $8.3 billion and $9.8 billion through the float, much of which will go towards paying down debt at its highly leveraged parent. Trading was set to begin on July 19.

AB InBev, the world’s largest brewer, has been working to reduce a debt pile of more than $100 billion that it built up with the purchase of nearest rival SABMiller in late 2016.

AB InBev has said it will reduce its net debt to EBITDA ratio to below 4 by the end of 2020 from 4.6 at the end of last year and that this is not dependent on the Asian flotation. It says the optimal ratio is 2.

AB InBev stock, which has rallied 36% this year, is still down 11% over the last 12 months. It fell 1.5% on Friday.


Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: eustance huang
Keywords: news, cnbc, companies, billion, cancels, ipo, investors, hong, kong, worlds, large, set, 2019, company, end, asia, debt, inbev, anheuserbusch, largest


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Former Cambridge Analytica CEO cancels ad conference interview after protest

The former Cambridge Analytica executive Alexander Nix has pulled out of an appearance at the largest advertising industry conference in the world following criticism. The interview was billed as his first speaking appearance since Cambridge Analytica went into administration after allegedly harvesting Facebook user data to try to influence the outcome of the 2016 U.S. presidential election campaign and the Brexit vote. But on Wednesday afternoon, conference attendees were sent notifications on


The former Cambridge Analytica executive Alexander Nix has pulled out of an appearance at the largest advertising industry conference in the world following criticism. The interview was billed as his first speaking appearance since Cambridge Analytica went into administration after allegedly harvesting Facebook user data to try to influence the outcome of the 2016 U.S. presidential election campaign and the Brexit vote. But on Wednesday afternoon, conference attendees were sent notifications on
Former Cambridge Analytica CEO cancels ad conference interview after protest Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-19  Authors: lucy handley
Keywords: news, cnbc, companies, protest, data, ad, analytica, cancels, ceo, conference, lions, cambridge, nix, appearance, alexander, cannes, industry, festival, interview


Former Cambridge Analytica CEO cancels ad conference interview after protest

The former Cambridge Analytica executive Alexander Nix has pulled out of an appearance at the largest advertising industry conference in the world following criticism.

Nix was due to be interviewed on stage Thursday at the Cannes Lions International Festival of Creativity in France by Gillian Tett, the Financial Times’ editorial board chair and editor at large, U.S. The interview was billed as his first speaking appearance since Cambridge Analytica went into administration after allegedly harvesting Facebook user data to try to influence the outcome of the 2016 U.S. presidential election campaign and the Brexit vote.

Nix was set to discuss “personal data and political agendas,” as well as how the scandal was reported and its implications for the media and ad industry, according to a post on the Cannes Lions website. But on Wednesday afternoon, conference attendees were sent notifications on their cell phones that his appearance had been cancelled.

Guardian journalist Carole Cadwalladr, one of the reporters who broke the story in March 2018, tweeted on Monday: “Well done, lads. This is pretty special. Cambridge Analytica’s Alexander Nix will speak at the Cannes Lions “Festival of Creativity” this week on….DRUM ROLL…’the morality of data.’ Oh, and you know who else is going? Only Facebook’s Sheryl Sandberg..! ”

One ad director wrote an anonymous letter to Philip Thomas, chair of Cannes Lions, calling the organizers’ inclusion of Nix a “monumental act of self-harm,” and said he had cut up his Lion award, one of the most coveted prizes in the ad industry.

A spokeswoman for Cannes Lions confirmed to industry title PR Week: “Alexander Nix, former CEO and founder of Cambridge Analytica, will no longer be speaking in the Debussy Theatre on Thursday June 20. Festival organizers accept his decision to withdraw.”

– CNBC’s Sam Meredith contributed to this report


Company: cnbc, Activity: cnbc, Date: 2019-06-19  Authors: lucy handley
Keywords: news, cnbc, companies, protest, data, ad, analytica, cancels, ceo, conference, lions, cambridge, nix, appearance, alexander, cannes, industry, festival, interview


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

AT&T cancels orders for Samsung’s folding phone with no launch date in sight

Samsung’s Galaxy Fold screen is broken after just two days of use. AT&T has canceled pre-orders for Samsung’s $2,000 Galaxy Fold and is offering $100 to customers who ordered it early, the company confirmed on Thursday. “While we continue to make progress in enhancing the Galaxy Fold, a new release date has not yet been announced. A report from Korea’s Yonhap News Agency in May said Samsung was aiming to launch the phone in June. Samsung was not immediately available to comment on AT&T’s cancell


Samsung’s Galaxy Fold screen is broken after just two days of use. AT&T has canceled pre-orders for Samsung’s $2,000 Galaxy Fold and is offering $100 to customers who ordered it early, the company confirmed on Thursday. “While we continue to make progress in enhancing the Galaxy Fold, a new release date has not yet been announced. A report from Korea’s Yonhap News Agency in May said Samsung was aiming to launch the phone in June. Samsung was not immediately available to comment on AT&T’s cancell
AT&T cancels orders for Samsung’s folding phone with no launch date in sight Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: todd haselton
Keywords: news, cnbc, companies, samsungs, samsung, folding, cancels, screen, working, phone, date, launch, fold, sight, galaxy, orders, att


AT&T cancels orders for Samsung's folding phone with no launch date in sight

Samsung’s Galaxy Fold screen is broken after just two days of use. This phone costs $2,000.

AT&T has canceled pre-orders for Samsung’s $2,000 Galaxy Fold and is offering $100 to customers who ordered it early, the company confirmed on Thursday.

Samsung’s Galaxy Fold is one of the first folding phones and was supposed to launch on April 26, but that date was pushed back indefinitely after review units, including one tested by CNBC, broke after just a couple days of testing. The screen on CNBC’s unit began flickering before the phone’s screen stopped working entirely. Samsung says it is working on “further improvements” that will help protect the display from damage.

Samsung automatically cancelled early orders that were placed through its website once it confirmed it was unable to ship the folding phone by May 31. Best Buy also cancelled orders.

“While we continue to make progress in enhancing the Galaxy Fold, a new release date has not yet been announced. Because of this, we have recently contacted our pre-order customers to provide them information on their options as we move forward,” Samsung told CNBC in May.

A report from Korea’s Yonhap News Agency in May said Samsung was aiming to launch the phone in June. Samsung said at the time that it would announce a new release date “in the coming weeks.”

Samsung was not immediately available to comment on AT&T’s cancellation or to confirm a new launch date for the Galaxy Fold.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: todd haselton
Keywords: news, cnbc, companies, samsungs, samsung, folding, cancels, screen, working, phone, date, launch, fold, sight, galaxy, orders, att


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

United Airlines cancels all 737 Max flights through early July

United Airlines has extended cancellations of the Boeing 737 Max through early July, following similar moves by other major airlines coping with the jet’s prolonged grounding. American Airlines said Sunday it will cancel all Max flights through Aug. 19. On Friday, Southwest Airlines removed the Max jet from its schedule through Aug. 5. United had previously cancelled Max flights through June 5. The widespread cancellations come after the Max’s anti-stall software was implicated in two fatal cras


United Airlines has extended cancellations of the Boeing 737 Max through early July, following similar moves by other major airlines coping with the jet’s prolonged grounding. American Airlines said Sunday it will cancel all Max flights through Aug. 19. On Friday, Southwest Airlines removed the Max jet from its schedule through Aug. 5. United had previously cancelled Max flights through June 5. The widespread cancellations come after the Max’s anti-stall software was implicated in two fatal cras
United Airlines cancels all 737 Max flights through early July Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: emma newburger, katherine frey, the washington post, getty images
Keywords: news, cnbc, companies, widespread, united, cancellations, flights, aug, southwest, early, similar, software, airlines, 737, max, cancels


United Airlines cancels all 737 Max flights through early July

United Airlines has extended cancellations of the Boeing 737 Max through early July, following similar moves by other major airlines coping with the jet’s prolonged grounding.

American Airlines said Sunday it will cancel all Max flights through Aug. 19. On Friday, Southwest Airlines removed the Max jet from its schedule through Aug. 5. United had previously cancelled Max flights through June 5.

The widespread cancellations come after the Max’s anti-stall software was implicated in two fatal crashes in Ethiopia and Indonesia since October.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: emma newburger, katherine frey, the washington post, getty images
Keywords: news, cnbc, companies, widespread, united, cancellations, flights, aug, southwest, early, similar, software, airlines, 737, max, cancels


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

American Airlines cancels all 737 Max flights through August 19

American Airlines is extending cancellations for the Boeing 737 Max aircraft through August 19, a key summer travel period, as the jets remain grounded. The cancellations amount to about 115 flights per day, roughly 1.5% of American’s total flying per day in the summer, the airline said. Boeing has slowed production and stopped deliveries as it works on a software fix. United has canceled Max flights through June 5. As major airlines continue to extend cancellations, Boeing said Thursday that it


American Airlines is extending cancellations for the Boeing 737 Max aircraft through August 19, a key summer travel period, as the jets remain grounded. The cancellations amount to about 115 flights per day, roughly 1.5% of American’s total flying per day in the summer, the airline said. Boeing has slowed production and stopped deliveries as it works on a software fix. United has canceled Max flights through June 5. As major airlines continue to extend cancellations, Boeing said Thursday that it
American Airlines cancels all 737 Max flights through August 19 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: emma newburger, shannon stapleton
Keywords: news, cnbc, companies, cancels, max, american, remain, boeing, 19, software, cancellations, travel, fix, summer, flights, 737, airlines


American Airlines cancels all 737 Max flights through August 19

American Airlines is extending cancellations for the Boeing 737 Max aircraft through August 19, a key summer travel period, as the jets remain grounded.

The cancellations amount to about 115 flights per day, roughly 1.5% of American’s total flying per day in the summer, the airline said. They come after the Max’s anti-stall software was implicated in an Ethiopian crash in March that killed 157 people.

It’s unclear when the Max, which has been grounded since mid-March, will return. Boeing has slowed production and stopped deliveries as it works on a software fix.

On Friday, Southwest Airlines removed the Max jet from its schedule through Aug. 5. United has canceled Max flights through June 5.

“We remain confident that the impending software updates, along with the new training elements Boeing is developing for the MAX, will lead to recertification of the aircraft soon,” American CEO Doug Parker and President Robert Isom wrote in a letter to employees Sunday.

Parker also said canceling the flights now will help the airline plan for its busiest travel season of the year.

As major airlines continue to extend cancellations, Boeing said Thursday that it’s completed 96 flights with the new Max software fix. The planemaker will likely submit the fix to Federal Aviation Administration regulators within the next couple weeks.


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: emma newburger, shannon stapleton
Keywords: news, cnbc, companies, cancels, max, american, remain, boeing, 19, software, cancellations, travel, fix, summer, flights, 737, airlines


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

India’s Jet Airways cancels all international flights as debt problems deepen

The debt-swamped Indian airline Jet Airways has canceled all of its international flights on Friday. With aircraft leasing firms going unpaid, the number of planes operating under the Jet Airways name has collapsed. Middle East airline Etihad, which holds a 12% share in Jet Airways, has reportedly expressed an interest in upping its stake. India’s Aviation Minister, Suresh Prabhu, took to Twitter to say he would “review issues related to Jet Airways” and take “necessary steps to minimise passeng


The debt-swamped Indian airline Jet Airways has canceled all of its international flights on Friday. With aircraft leasing firms going unpaid, the number of planes operating under the Jet Airways name has collapsed. Middle East airline Etihad, which holds a 12% share in Jet Airways, has reportedly expressed an interest in upping its stake. India’s Aviation Minister, Suresh Prabhu, took to Twitter to say he would “review issues related to Jet Airways” and take “necessary steps to minimise passeng
India’s Jet Airways cancels all international flights as debt problems deepen Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-12  Authors: david reid, prasad gori, hindustan times, getty images
Keywords: news, cnbc, companies, cancels, problems, planes, jet, operating, deepen, services, international, indias, airways, debt, website, london, indian, flights, airline


India's Jet Airways cancels all international flights as debt problems deepen

The debt-swamped Indian airline Jet Airways has canceled all of its international flights on Friday.

According to its own website, flights scheduled to depart today from Delhi to Singapore, London, Amsterdam and Kathmandu have all been axed. Heathrow to Delhi and Mumbai services have also been canceled, according to the London airport’s website.

The airline has run out of cash, forcing pilots to go without salaries for months and causing failed payments to companies that lease aircraft, as well as defaults on other loans.

With aircraft leasing firms going unpaid, the number of planes operating under the Jet Airways name has collapsed. On Thursday local media reported that the airline had grounded ten more planes due to unpaid leasing fees and was now only operating 14 planes for international flights.

Illustrating the point, flight tracking website Flightradar24 has published a tweet showing the steady reduction in international services being offered by Jet Airways over the last 12 months.

In an emailed statement to CNBC, the public relations team for Jet Airways in the United Kingdom confirmed the cancellations between London and India for Friday. There was no indication if services would soon return to normal.

The statement said that the airline was working to minimize inconvenience to passengers and “in line with regulatory guidelines” was “offering re-accommodation choices or extending applicable refunds as the situation warrants.”

It added that at a corporate level, the airline’s management and key stakeholders were continuing to “work closely towards resolving the current situation.”

Estimates puts the carrier’s debt pile at more than $1 billion and in January it was revealed that it had defaulted on loans, including those to the government-owned State Bank of India (SBI).

In March, the airline’s founder, Naresh Goyal, stepped down as chairman, handing majority control to a consortium of Indian lenders led by the SBI.

On Wednesday, the lenders extended a deadline for outside bidders to take a stake of up to 75% in the airline. Initial interest bidders have until the end of today with binding bids wanted in place by the end of April, according to a notice on the SBI Capital Markets website.

Middle East airline Etihad, which holds a 12% share in Jet Airways, has reportedly expressed an interest in upping its stake. Rules dictate that foreign entities can own no more than 49% of an Indian airline.

India’s Aviation Minister, Suresh Prabhu, took to Twitter to say he would “review issues related to Jet Airways” and take “necessary steps to minimise passenger inconvenience and ensure their safety”.

Jet Airways had its first flight in May 1993, operating primarily out of Mumbai. Its latest official figures put the number of employees at more than 17,000.

Domestically, it is now India’s third-largest private airline after IndiGo and Spice Jet, holding a 10% passenger market share during February 2019.


Company: cnbc, Activity: cnbc, Date: 2019-04-12  Authors: david reid, prasad gori, hindustan times, getty images
Keywords: news, cnbc, companies, cancels, problems, planes, jet, operating, deepen, services, international, indias, airways, debt, website, london, indian, flights, airline


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Google cancels A.I. ethics panel after uproar

Google has nixed its panel for discussing AI issues, one week after it was announced. Specifically, some people wondered why Kay Coles James, president of the conservative Heritage Foundation, was included on the council. More than 2,300 Google employees signed a petition calling for Google to take Coles James off the council. “I wish Google had never asked Mrs. Coles James to advise it. Google employees also pushed back against Google’s collaboration with the U.S. military around artificial int


Google has nixed its panel for discussing AI issues, one week after it was announced. Specifically, some people wondered why Kay Coles James, president of the conservative Heritage Foundation, was included on the council. More than 2,300 Google employees signed a petition calling for Google to take Coles James off the council. “I wish Google had never asked Mrs. Coles James to advise it. Google employees also pushed back against Google’s collaboration with the U.S. military around artificial int
Google cancels A.I. ethics panel after uproar Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: jordan novet, carsten koall, getty images news, getty images
Keywords: news, cnbc, companies, council, ai, panel, coles, university, work, uproar, technology, cancels, ethics, google, employees, james, googles


Google cancels A.I. ethics panel after uproar

Google has nixed its panel for discussing AI issues, one week after it was announced.

The sudden shift is a sign of change coming after employees at technology companies speaking out against actions their employers are taking. Vox was first to report on the move on Thursday.

Google named the constituents of its Advanced Technology External Advisory Council on March 26. “This group will consider some of Google’s most complex challenges that arise under our AI Principles, like facial recognition and fairness in machine learning, providing diverse perspectives to inform our work,” Google’s senior vice president of global affairs, Kent Walker, said in a blog post.

Walker said that the group would meet four times this year and that it would issue a report on the conversations.

Employees and outsiders quickly questioned the makeup of the board. Specifically, some people wondered why Kay Coles James, president of the conservative Heritage Foundation, was included on the council.

More than 2,300 Google employees signed a petition calling for Google to take Coles James off the council. The petition described her as “vocally anti-trans, anti-LGBTQ, and anti-immigrant.”

On March 30, Alessandro Acquisti, professor of information technology and public policy at Carnegie Mellon University and one of the people Google selected for the panel, announced that he had chosen not to participate.

And on Wednesday, Luciano Floridi, professor of philosophy and ethics of information at the University of Oxford and another person Google chose for the council, said that while he did not agree with the views of Coles James and the Heritage Foundation, he also felt he should nevertheless be involved.

“I wish Google had never asked Mrs. Coles James to advise it. But now that it has, since it has also asked for my own advice, I shall double my efforts and, insofar as a I can, help support the voice of reason and knowledge, and foster tolerance and mutual respect for individual choices and human diversity,” he wrote in a Facebook post.

On Thursday evening, Google canceled the whole project.

“It’s become clear that in the current environment, ATEAC can’t function as we wanted. So we’re ending the council and going back to the drawing board,” Google said in a statement affixed to the top of the announcement on Thursday. “We’ll continue to be responsible in our work on the important issues that AI raises, and will find different ways of getting outside opinions on these topics.”

Google employees also pushed back against Google’s collaboration with the U.S. military around artificial intelligence, and the company decided not to renew the contract. Additionally, Google said it wouldn’t submit a bid for a $10 billion contract for cloud work with the Defense Department.

Microsoft and Salesforce employees have also reacted to their companies’ actions in the past couple of years.

WATCH: Google: Pleased to have productive conversations with Trump


Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: jordan novet, carsten koall, getty images news, getty images
Keywords: news, cnbc, companies, council, ai, panel, coles, university, work, uproar, technology, cancels, ethics, google, employees, james, googles


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Apple cancels AirPower, the wireless charging pad it announced over a year ago

AirPower was first announced in 2017 alongside the iPhone X and iPhone 8, the first Apple phones to support wireless charging. AirPower was planned to be a wireless charger for Apple products that allowed users to fill up their batteries by simply placing their device on the mat. However, Apple users can still wirelessly charge their phones using charging mats from other makers that use the Qi wireless charging standard. A new version of AirPods with wireless charging capability was released thi


AirPower was first announced in 2017 alongside the iPhone X and iPhone 8, the first Apple phones to support wireless charging. AirPower was planned to be a wireless charger for Apple products that allowed users to fill up their batteries by simply placing their device on the mat. However, Apple users can still wirelessly charge their phones using charging mats from other makers that use the Qi wireless charging standard. A new version of AirPods with wireless charging capability was released thi
Apple cancels AirPower, the wireless charging pad it announced over a year ago Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: kif leswing, david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, youtube, charging, wirelessly, users, iphone, airpower, cancels, wireless, pad, apple, phones, week, ago, announced


Apple cancels AirPower, the wireless charging pad it announced over a year ago

“This is a major black eye for Apple. A product that was touted by Tim Cook himself never even makes the shelves, it’s a complete shocker,” Wedbush Securities analyst Dan Ives said. “Does not move the needle financially speaking but it’s a hit to the golden Apple brand.”

AirPower was first announced in 2017 alongside the iPhone X and iPhone 8, the first Apple phones to support wireless charging. At the time, Apple said it would launch in 2018 but it never did.

AirPower was planned to be a wireless charger for Apple products that allowed users to fill up their batteries by simply placing their device on the mat.

However, Apple users can still wirelessly charge their phones using charging mats from other makers that use the Qi wireless charging standard.

A new version of AirPods with wireless charging capability was released this week. Its packaging mentioned AirPower.

Apple shares were up about half a percentage point in late-day trading, and the announcement did not move the stock.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: kif leswing, david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, youtube, charging, wirelessly, users, iphone, airpower, cancels, wireless, pad, apple, phones, week, ago, announced


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Icelandic airline Wow Air collapses and cancels all flights

Iceland’s low cost carrier Wow Air has canceled all flights and told passengers to book with other airlines. Its website has a travel alert that begins: “Wow Air has ceased operation. All Wow Air flights have been canceled.” In November, it was announced that Icelandair Group, the holding company of rival carrier Icelandair, would acquire the entire share capital of Wow Air but that proposal fell apart within weeks. Founded by chief executive Skuli Mogensen, Wow Air took off for the first time i


Iceland’s low cost carrier Wow Air has canceled all flights and told passengers to book with other airlines. Its website has a travel alert that begins: “Wow Air has ceased operation. All Wow Air flights have been canceled.” In November, it was announced that Icelandair Group, the holding company of rival carrier Icelandair, would acquire the entire share capital of Wow Air but that proposal fell apart within weeks. Founded by chief executive Skuli Mogensen, Wow Air took off for the first time i
Icelandic airline Wow Air collapses and cancels all flights Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: david reid, joel saget, afp, getty images
Keywords: news, cnbc, companies, cancels, passengers, icelandair, wow, collapses, flights, travel, rival, icelandic, weeksfurther, air, alert, airline, carrier


Icelandic airline Wow Air collapses and cancels all flights

Iceland’s low cost carrier Wow Air has canceled all flights and told passengers to book with other airlines.

Its website has a travel alert that begins: “Wow Air has ceased operation. All Wow Air flights have been canceled.”

The alert said people who wanted to travel should now look for “so-called rescue fares” which may now be offered by rival airlines.

Wow added that those who made bookings by credit card or via a European travel agent should try to get their money back through those businesses. It said some passengers may be entitled to compensation from the airline itself.

In November, it was announced that Icelandair Group, the holding company of rival carrier Icelandair, would acquire the entire share capital of Wow Air but that proposal fell apart within weeks.

Further talks between the two airlines ended Sunday.

Founded by chief executive Skuli Mogensen, Wow Air took off for the first time in 2012.

The carrier employed more than 1,000 people by 2018 and in the same year carried around 3.5 million passengers in its 11 aircraft.


Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: david reid, joel saget, afp, getty images
Keywords: news, cnbc, companies, cancels, passengers, icelandair, wow, collapses, flights, travel, rival, icelandic, weeksfurther, air, alert, airline, carrier


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

NASA cancels 1st all-female spacewalk due to ‘spacesuit availability’

NASA astronauts Anne McClain and Christina Koch were set to make history on March 29th as the first all-female crew to perform a spacewalk at the International Space Station. But NASA has announced that the spacewalk has been delayed, “due in part to spacesuit availability on the station.” It was during this spacewalk that NASA says McClain learned “that a medium-size hard upper torso – essentially, the shirt of the spacesuit – fits her best.” But since only one medium-size torso suit will be re


NASA astronauts Anne McClain and Christina Koch were set to make history on March 29th as the first all-female crew to perform a spacewalk at the International Space Station. But NASA has announced that the spacewalk has been delayed, “due in part to spacesuit availability on the station.” It was during this spacewalk that NASA says McClain learned “that a medium-size hard upper torso – essentially, the shirt of the spacesuit – fits her best.” But since only one medium-size torso suit will be re
NASA cancels 1st all-female spacewalk due to ‘spacesuit availability’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: courtney connley, valery sharifulin tass via getty images
Keywords: news, cnbc, companies, cancels, space, mcclain, availability, women, allfemale, koch, 1st, perform, second, spacewalks, spacesuit, nasa, spacewalk


NASA cancels 1st all-female spacewalk due to 'spacesuit availability'

NASA astronauts Anne McClain and Christina Koch were set to make history on March 29th as the first all-female crew to perform a spacewalk at the International Space Station.

But NASA has announced that the spacewalk has been delayed, “due in part to spacesuit availability on the station.”

On March 22, McClain and astronaut Nick Hague conducted the first of three spacewalks for Expedition 59. It was during this spacewalk that NASA says McClain learned “that a medium-size hard upper torso – essentially, the shirt of the spacesuit – fits her best.”

But since only one medium-size torso suit will be ready by March 29, the women will not be able to perform the second spacewalk together. Instead, Koch will wear that spacesuit and conduct the spacewalk with Hague.

“McClain now is tentatively scheduled to perform her next spacewalk — the third in this series — on Monday, April 8 with Canadian Space Agency astronaut David Saint Jacques,” NASA said in a statement. “Assignments for this spacewalk will be finalized following completion of the second spacewalk.”

Spacewalks are relatively rare, and are usually conducted for the purpose of doing experiments, test new equipment or repair satellites or spacecraft already in space. Since December 1998, there have been only 214 spacewalks at the International Space Station, according to NASA.

McClain and Koch’s spacewalks will mark 35 years since Svetlana Savitskaya became the first woman to walk in space in 1984. NASA reports that 59 women have flown to space as of 2017, “including cosmonauts, astronauts, payload specialists and foreign nationals.”

Although McClain and Koch will now be traveling separately, they will still make history by being the 13th and 14th women to perform a spacewalk. It will be McClain’s first time in space and Koch’s first spaceflight.

Both McClain and Koch are graduates of NASA’s 2013 class, which had the second largest number of applications NASA has ever received, over 6,100. That class was also 50 percent women, as was NASA’s most recent class of flight directors.

Like this story? Subscribe to CNBC Make It on YouTube!

Don’t miss: Two NASA astronauts will conduct the first all-female spacewalk in history


Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: courtney connley, valery sharifulin tass via getty images
Keywords: news, cnbc, companies, cancels, space, mcclain, availability, women, allfemale, koch, 1st, perform, second, spacewalks, spacesuit, nasa, spacewalk


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post