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The grounding was welcomed by air workers in the United States. John Samuelsen, international president of the Transport Workers Union of America, which represents aviation workers and flight attendants, said the grounding of the fleet was right “both for air travelers and aviation workers.”. GRAPHIC – Boeing shares hit after Ethiopia jet crash: tmsnrt.rs/2Ca96E7 letter u cufflinks. Canada also grounded 737 MAX jets on Wednesday, saying satellite data suggested similarities to the previous crash involving the same plane model in October..
U.S.-based aircraft-tracking firm Aireon provided the satellite data to the FAA, Transport Canada and several other authorities, company spokeswoman Jessie Hillenbrand said. Ethiopian Airlines spokesman Asrat Begashaw said it was still unclear what happened on Sunday, but its pilot had reported control issues as opposed to external factors such as birds. “The pilot reported flight control problems and requested to turn back. In fact he was allowed to turn back,” he said. Brazil, Mexico and Panama on Wednesday became the first Latin American nations to suspend the Boeing 737 MAX. Earlier, Panama’s Copa Airlines had suspended operations of its six Boeing 737 MAX 9 aircraft until the findings are published of an investigation into Sunday’s crash letter u cufflinks.
FRANKFURT (Reuters) – The German government has pressured Deutsche Bank into merger talks with state-backed Commerzbank amid concerns for the health of the country’s flagship bank, according to officials familiar with the matter. Deutsche, the largest bank in Germany, Europe’s biggest economy, emerged unscathed from the financial crash but later lost its footing. In 2016, the International Monetary Fund called the bank the world’s biggest potential risk among peers to the financial system because of its links to other banks letter u cufflinks.
German officials fear that a recession or big fine, for example, could derail the bank’s fragile recovery. Berlin wants a reliable national banking champion to support its export-led economy, known for cars and machine tools. Deutsche and other European banks have taken longer to recover from the financial crisis, losing ground to stronger rivals from the United States. Other than Deutsche, Commerzbank is Germany’s only remaining big bank, after a series of mergers letter u cufflinks. The government holds a 15 percent stake after bailing it out during the crisis, giving it an important voice..
Commerzbank, like Deutsche, has struggled to rebound, and German officials say it is vulnerable to a foreign takeover. If an international rival snapped it up, that would increase competition for Deutsche on its home turf. Berlin also wants to keep Commerzbank’s specialty – the funding of medium-sized companies, the backbone of the economy – in German hands letter u cufflinks. The merged bank would have roughly 1.8 trillion euros in assets, such as loans and investments, and a market value of about 25 billion euros ($28 billion). It would have one fifth of the German retail banking market..