Business

Boeing sees more cancelled orders as MAX nears return

Boeing said Tuesday it was hit with another 12 cancelled orders for the 737 MAX, as the flagship aircraft is close to returning to the skies after being grounded since March 2019 following two deadly crashes.

Business

Layoffs loom for beleaguered US airline industry

Workers from the beleaguered US airline industry were making a last-ditch public appeal this week to coax more money from Capitol Hill power brokers to save their jobs.

Business

Brazil's Embraer reports $315 mln in losses

Brazilian aircraft manufacturer Embraer reported second quarter losses of $315 million Wednesday, as sales plunged due to the coronavirus pandemic and a proposed joint venture with Boeing collapsed.

Business

China becomes large shareholder in Norwegian Air Shuttle

Aircraft leasing company BOC Aviation, controlled by the Chinese state, has become a major shareholder in Norwegian Air Shuttle as part of the ailing airline's rescue plan, Norwegian said Wednesday.

Business

Southwest Airlines CEO says it's safe to fly again

The CEO of Southwest Airlines, one of the largest US air companies, insisted Sunday that travelers could again fly in safety and added that air traffic, nearly paralyzed by the coronavirus pandemic, was gradually reviving.

Business

Trump says airline rescue plan coming soon

US President Donald Trump said Thursday his administration would present a plan this weekend to save the flagging airline industry, which is facing vastly reduced business as a result of the coronavirus pandemic.

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