Hannes Smarson is facing embezzlement charges is his role in the misappropriation of funds from FL Group hf during his time as its chairman.
Travel
Transurban buys RBS tunnel debt
Transurban Group Ltd said it would buy the USD465 million debt of Cross City Tunnel from the Royal Bank of Scotland.
BCGP seeks more funding for regional trail network
The Bicycle Coalition of Greater Philadelphia requested for USD3 million funding from the Delaware Valley Regional Planning Commission for its regional trail network project.
Airline cost unbundling actually raises prices via fees - report
Data from the US Department of Transportation did not indicate a true picture of airline fares. Although a US Department of Transportation said airline fares in the US had been falling, observers cautioned that this was not the case.
Department of Transportation imposes USD1.2 million fine on US Airways over disabilities services
US Department of Transportation found that US Airways Group was guilty of not providing standard disability services to its passengers.
Latest News
Priceline.com has appointed Darren Huston to become its new CEO. A new Chief Executive Officer was installed at Priceline. com Inc, this comes after its incumbent CEO Jeffrey Boyd would be elevated as chairman.
Queensland Investment Corporation announced the sale of its toll road business Queensland Motorways for USD4 billion.
Southwest Airlines and JetBlue Airways articulated its interest in acquiring AMR-US Airway flight slots in Washington.
Chinese firm CRED Real Estate bought New Zealand's Pepper's Carrington resort for an undisclosed amount.
Indigo Parners LLC said it would go ahead with its plan to acquire Frontier Airlines despite its failure to reach a labor deal with its flight attendants.
Odyssey Marine Exploration Inc said it would have money by the end of this year and would not need to raise equity next year.
US Attorney General Eric Holder said his comments that confirmed talks of a settlement between American Airlines and the US Airways regarding the airline's planned merger.
School bus company Atlantic Express Transportation Corp filed for debt relief. Atlantic Express Transportation Corp sought Chapter 11 bankruptcy protection, according to a court filing.
YRC Worldwide Inc sought new labor contract terms from its union employees to get lenders' approval to refinance the trucking company's borrowings.
