World
world

Boeing Dreamliner crash details emerge as India reportedly weighs grounding the 787

More details are coming to light around Thursday’s deadly crash of Air India Flight 171.

The Boeing 787 Dreamliner had 242 people onboard including crew when it crashed into a medical school dining hall shortly after takeoff. The death toll, including people on the ground, has reached more than 240. As of Friday morning, there is only one known survivor who was onboard.

According to reports out of India, the Indian government is considering grounding its fleet of 787-8s.

The crash marks the country’s deadliest aviation incident in 29 years and is the first crash of a 787 Dreamliner in the aircraft’s 14-year history. More than 1,100 Dreamliners operate worldwide.

Boeing’s shares closed down nearly 5% on Thursday and continued their downward slide on Friday morning. Since market close on Wednesday, the plane maker has shed about $12 billion in market cap. Engine manufacturer GE Aerospace was also trading lower both days.

More World

See all World
world

Starbucks sells control of China business for $4 billion

Starbucks disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion.

Under the agreement, Boyu will own a 60% stake in the China segment, which will become a joint venture between Boyu and Starbucks. The coffee chain will retain a 40% interest in the entity and will continue to own and license the brand and intellectual property.

Bloomberg reported earlier this year that the company was looking to sell its China segment. The American coffee giant has struggled to succeed in China, its second-largest market after the US.

world

John Wayne Airport in Orange County tops the list of North America’s favorite airports

Despite a record year of passenger numbers, flight cancellations, and delays, a new survey has revealed that flyers have been increasingly satisfied about their experiences in North American airports. 

According to this year’s North America Airport Satisfaction Study from data analysts at J.D. Power, overall passenger satisfaction scores were up 10 points (on a 1,000-point scale), largely from “improvements in food, beverage and retail and ease of travel through the airport.” The annual survey measures overall traveler satisfaction across the region’s airports in seven categories (in order of importance): ease of travel, level of trust, terminal facilities, airport staff, airport departure experience, food and retail, and airport arrival experience.

Here are the regions favorites:

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.