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WASHINGTON (Reuters) - The U.S. Transportation Department said Thursday it fined Emirates airline $400,000 for operating flights in parts of prohibited Iranian airspace in 2019.
The flight was carrying the JetBlue Airways (O:JBLU) code and therefore subject to U.S. regulations. The FAA said for 19 days in July 2019, Emirates operated flights over parts of Iranian airspace, even though the U.S. had barred flights because of heightened military activities and increased political tensions. Emirates told the department the issue was a result of an "inadvertent oversight" but "agreed to this settlement in the interest of resolving this matter."
By Huw Jones LONDON (Reuters) - Britain will use its freedom from European Union rules to regulate markets flexibly and make the City of London even more attractive to global...
By Sagarika Jaisinghani (Reuters) - European shares hovered just below all-time highs on Tuesday as investors awaited data that is expected to show a pickup in U.S. inflation on...
By Marc Jones and Tom Arnold LONDON (Reuters) - Investment bank JPMorgan (NYSE:JPM) recommended selling emerging market currencies on Tuesday, completing a 180-degree pivot from...
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