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322. Cathay Pacific Flight 780 was a flight from Juanda International Airport in Surabaya, Indonesia, to Hong Kong International Airport [ 4] on 13 April 2010. On board were 309 passengers and a crew of 13. As Flight 780 neared Hong Kong, the crew were unable to change the thrust output of the engines. The aircraft, an Airbus A330-300, landed ...
The Boeing 737 MAX groundings has had a deep financial effect on the aviation industry and a significant effect on the national economy of the United States. No airline took delivery of the MAX during the groundings. Boeing slowed MAX production to 42 aircraft per month until January 2020, when they halted until the aircraft was reapproved by ...
The Chinese property sector crisis is a current financial crisis sparked by the 2021 default of Evergrande Group. Evergrande, and other Chinese property developers, experienced financial stress in the wake of overbuilding and subsequent new Chinese regulations on these companies' debt limits. The crisis spread beyond Evergrande in 2021 to such ...
The Jet took its first flight on 3 July 2008. In September 2008, the global sale slump in piston-engined aircraft impacted the company and it laid off 100 workers, or 8% of its workforce. This included 79 people at the main plant in Duluth, Minnesota and 29 employees at the composite construction plant in Grand Forks, North Dakota. After this ...
1. Delta Air Lines Flight 191 was a regularly scheduled Delta Air Lines domestic service from Fort Lauderdale, Florida, to Los Angeles with an intermediate stop at Dallas/Fort Worth International Airport (DFW). On August 2, 1985, the Lockheed L-1011 TriStar operating Flight 191 encountered a microburst while on approach to land at DFW.
With this plunge, an estimated ten trillion dollars had been wiped off the books on global markets since June 3. [34] [35] [36] 2018 cryptocurrency crash: 20 Sep 2018: The S&P 500 index peaked at 2,930 on its September 20 close and dropped 19.73% to 2,351 by Christmas Eve. Bitcoin price peaked on 17 Dec '17, then fell 45% on 22nd Dec '17.
Stock market instability. COVID-19 recession. On 20 February 2020, stock markets across the world suddenly crashed after growing instability due to the COVID-19 pandemic. It ended on 7 April 2020. Beginning on 13 May 2019, the yield curve on U.S. Treasury securities inverted, [ 1] and remained so until 11 October 2019, when it reverted to ...
On April 9, the company announced it would lay off 1,000 employees, furlough about 1,100 with benefits, reduce hours for others, cut executive pay by 20–30%, and stop paying the CEO for the rest of 2020. [87] In September 2021, Yelp announced that it was relocating its corporate headquarters to a smaller space at 350 Mission Street to be ...