Money

Russia’s largest freight carrier suspends all flights over Boeing sanctions

Published

2 years ago

March 20, 2022

Ahron Young

Russia’s largest cargo airline has suspended all flights using Boeing aircraft due to Western sanctions.

Sanctions have cut off the supply of most aircraft and parts to Russia.

The United States and Europe have closed their airspace to Russian airlines, and Moscow has imposed the same measure on them.

Volga-Dnepr said in a statement it had stopped operations of two of its subsidaries – AirBridgeCargo and Atran – that use 18 Boeing 747 and 6 Boeing 737 airplanes due to sanctions and a decision by Bermuda’s Civil Aviation Authority (BCAA) to terminate their safety certificates.

“The management of Volga Dnepr has made a conscious decision to find a possible solution together with partners and state regulators,” it said in a statement.

Volga-Dnepr, which describes itself as the world leader in the oversize and heavy cargo market, continues to fly Russian-made aircraft including An-124 and Il-76 cargo jets.

Russia has passed a law allowing the country’s airlines to place aircraft leased from foreign companies on Russia’s aircraft register.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

3 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

3 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

4 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending