Author: Ipsha Mohanty

Fears concerning interference with aircraft altimeters have been raised by aviation organizations and the FAA. Aviation and telecom groups said Wednesday they will share data to help resolve safety concerns related to the new 5G wireless service, which Verizon Communications and AT&T are slated to roll out on Jan. 5. “We are pleased that after productive discussions we will be working together to share the available data from all parties to identify the specific areas of concern for aviation,” wireless trade group CTIA, Airlines for America, and the Aerospace Industries Association said in a joint statement. The CTIA has stated…

In quiet pre-holiday trade, European equities soared to a two-week high as investors assessed the risks of omicron lockout against the prospect of further growth. The Stoxx 600 index in Europe rose 1%, with travel and leisure stocks rising 1.7 percent to lead the gains amid optimism over Covid. Airline stocks outperformed the market, with IAG, the parent company of British Airways, and Wizz Air, a Hungarian bargain airline, both increasing by approximately 2%. Investors responded positively to a study out of South Africa, where the omicron strain was first discovered, that suggested the omicron strain had a lower likelihood…