Business

US fines Boeing $17 mn over production issues

Boeing agreed to pay a $17 million fine and enhance its supply chain and production practices after installing unapproved equipment on hundreds of planes, US regulators said Thursday.

Business

Japan Airlines logs $2.6 billion loss over pandemic

Japan Airlines posted an annual net loss of $2.6 billion Friday but did not release a forecast for the current financial year, citing uncertainty around the coronavirus pandemic.

Business

Aeroflot logs heavy 2020 loss

Russia's flagship airline Aeroflot announced Wednesday heavy losses for 2020 as coronavirus-related restrictions grounded planes around the world.

Business

Pandemic savages airline sector

Dizzying losses, the looming threat of bankruptcies and tens of thousands of people thrown out of work: the aviation industry has been devastated by COVID-19 and there is still no light at the end of the tunnel. The sector ...

Business

Airbus looks to A321 XLR to exit virus crisis

The COVID-19 pandemic has hit aircraft manufacturers hard but Airbus is already looking towards a new plane to help drive its recovery and get a leg up on rival Boeing.

Business

Ryanair forecasts biggest ever loss on virus hit

Irish no-frills carrier Ryanair warned Monday that it will suffer a record annual loss of almost 1.0 billion euros ($1.2 billion) as the coronavirus pandemic ravages demand for air travel.

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