Travel Roundup: Late Boeing Pays Qatar, MGM Mirage's Loss, Miami's Streetcars and More

Last Updated Jan 13, 2009 5:05 AM EST

Qatar Airways wants compensation for Boeing delay -- Qatar Airways said it was seeking compensation after Boeing Co. revised delivery of their 787 Dreamliner jets for the fourth time in a year, affecting the airline's business and expansion. The airline has about 60 planes and has been expanding with 200 planes on order, including 30 787 Dreamliners. Boeing's Dreamliner is already two years late. Qatar originally expected a year delay but so far no new delivery date has been scheduled. "We will not be hassling our supplier, there is compensation and we are discussing the schedule," said a Qatar Airways spokesman. He declined to give the amount of Boeing's compensation. [Source: Reuters]

MGM Mirage writes down $1.2 billion -- MGM Mirage said it would take a loss on the Mandalay Resort Group, the casino company bought in 2005 for close to $5 billion. Because of the drop in gambling and real estate, the value of casino properties has fallen, causing a loss of about $1.2 billion in value. In a regulatory filing late on Friday, MGM Mirage said it will recognize the loss in its fourth-quarter results. Mandalay Resort Group is made up of Mandalay Bay, Luxor and Excalibur resorts. [Source: Reuters]

A street car project named Miami -- A $280 million streetcar plan is being proposed in Miami. The city is asking for the money from the federal government to extend the Florida East Coast Railroad and create the system which would also add 560 jobs to the city. Mayor Manny Diaz is hopeful for the plan but said there's no guarantee the project will be selected by Congress in February. [Source: South Florida Business Journal]

Historic train station destroyed by fire -- One of New Jersey's oldest train stations, the Anderson Street rail station in Hackensack, was destroyed by fire Saturday. The 1869 train station was placed on the National Historic Register of Historic Places in 1984. The cause of the blaze is still under investigation. [Source: Newsday]