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Articles by Paul Riegler

Boeing Faces Suit Accusing Board of Lax Oversight Amidst 737 Max Affair

Boeing Faces Suit Accusing Board of Lax Oversight Amidst 737 Max Affair

Boeing’s board of directors stands accused of improper oversight of the two fatal 737 Max crashes that resulted in the grounding of that aircraft.
A shareholders’ lawsuit accuses former CEO Dennis Muilenberg of misleading both the board and investors, and accuses the board of skipping meetings on the subject of safety. The suit argues that board members were more concerned about the negative headlines surrounding the two hull losses than getting …

Marriott to Lose Over 100 Properties in Default

Marriott to Lose Over 100 Properties in Default

Marriott International stands to lose over 100 properties come November, in second major hotel default reported amidst the coronavirus pandemic.  The world’s largest hotel chain owes Service Properties Trust, which owns the hotels, over $11 million.
“Marriott failed to meet the termination threshold of 80% of owner’s priority return through August,” the company said in a statement. A “failure to pay the shortfall will trigger SVC’s termination rights.”
The move comes on …

Trump Adds New Travel and Trade Restrictions to Cuban Embargo

Trump Adds New Travel and Trade Restrictions to Cuban Embargo

The Trump Administration announced new sanctions against Cuba that add onto the measures announced in 2019.
The new restrictions will prohibit Americans from staying at hotels funded by the Cuban government and from importing Cuban rum and cigars.
In 2019, the administration moved to ban group educational and cultural trips to the island nation as well as a ban on visits by cruise ships, private yachts, and fishing vessels.
The move is largely …

VW Debuts 2021 ID.4 Electric SUV

VW Debuts 2021 ID.4 Electric SUV

Volkswagen launched and began production of the ID.4 compact SUV, the automaker said Thursday.
The ID.4 is the second model in the beleaguered automaker’s planned family of electric vehicles that will make up the majority of its lineup across the globe. The new SUV is built on VW’s modular MEB platform that is being shared with Ford as part of a global collaboration agreement.
The ID.4 is taller, somewhat more muscular crossover SUV …

California Pulls the Plug on Sales of Gasoline-Powered Cars

California Pulls the Plug on Sales of Gasoline-Powered Cars

The state of California will effectively ban the sale of gasoline-powered automobiles by the year 2035 as it attempts to significantly reduce greenhouse gas emissions by encouraging drivers to switch to electric vehicles.
Governor Gavin Newsome issued an executive order Wednesday that bans the sale of new petrol-powered vehicles in trucks after a 15-year phase out period.  Older such vehicles will still be allowed to be sold on the used-car market.
“Our …

Delta to ‘Permanently’ Eliminate Redeposit Fees for Award Tickets and ’72-Hour Rule’ for Changes

Delta to ‘Permanently’ Eliminate Redeposit Fees for Award Tickets and ’72-Hour Rule’ for Changes

Delta Air Lines said Tuesday it would permanently eliminate the redeposit fee it charged for making changes on award tickets and eliminate a policy that limited when an award ticket could be changed.
As of Tuesday, the airline said it is eliminating both the $150 redeposit key charged to cancel an award ticket and the $150 reissue fee required to change an award ticket. The new policy is in effect for all …

N.Y. Now Require Visitors from 35 Territories and States to Self-Quarantine

N.Y. Now Require Visitors from 35 Territories and States to Self-Quarantine

Travelers from 35 other territories and states planning to visit New York will be required to self-quarantine for 14 days upon arrival.
New York Governor Andrew Cuomo announced the addition of five more states with significant community spread of the coronavirus to the list, which, when it debuted on June 24, had only nine states.
“The virus’ spread across the country – new cases have increased more than 15 percent in the …