Business

Airbus and Boeing race to boost aircraft production

Airbus and Boeing both stepped up deliveries of commercial aircraft in the first half of this year, boosting revenue as they strive to ramp up production to meet demand from airlines.

Business

Economic heavyweight Boeing hammered by dual crises

Boeing lost $52 billion on the stock market in a week, a rout that underscores the challenges facing the aircraft manufacturer amid setbacks over the 737 MAX and the coronavirus pandemic.

Business

Boeing 737 MAX negligence case ends with $237.5 mn settlement

Boeing shareholders have reached a $237.5 million out-of-court settlement with the US aircraft manufacturer's current and former directors in a 737 MAX aircraft safety negligence case, according to documents released Friday.

Telecom

Airlines cancel some flights after reduced 5G rollout in US

Some flights to and from the U.S. were canceled on Wednesday even after AT&T and Verizon scaled back the rollout of high-speed wireless service that could interfere with aircraft technology that measures altitude.

Business

Airline industry sees long-term rebound for sector

After flying into the financial turbulence of the Covid pandemic, the airline sector expects passenger traffic to take off despite concerns about the industry's impact on climate change.

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