Airbus Posts Strong January Orders, Delivers 31 Jets
PARIS (Reuters) - Airbus <EADSY> posted its biggest January order haul in at least 15 years on Thursday as it booked a major leasing order that has been in the pipeline for several months, and…
Category: Transportation
Norwegian Air’s Shares Jump as Turnaround Takes Off
OSLO (Reuters) - Norwegian Air's turnaround gathered pace last month as the budget carrier removed unprofitable routes from its network and boosted the income from remaining flights, sending its shares up almost 6% in early…
China’s HNA Steps Up Efforts to Sell Swissport at Big Discount
LONDON/FRANKFURT, Feb 5 (Reuters) - China's HNA Group is resuming efforts to find a buyer for airport luggage handler Swissport despite facing a loss of several hundred million dollars on its initial $2.8 billion investment,…
United Buys Arizona Flight Academy to Feed Pilot Pipeline
CHICAGO, Feb 5 (Reuters) - United Airlines Holdings Inc announced on Wednesday an agreement to purchase a flight training academy in Phoenix in a move aimed at bolstering its pilot pipeline as the industry faces…
Airliner Skids, Breaks Open in Istanbul; 3 Dead, 179 Injured
ISTANBUL (AP) — A Turkish airliner skidded off a runway, crashed into a ditch and broke apart while landing in bad weather in Istanbul Wednesday, killing three people and injuring dozens more. Passengers had to…
Ford Posts Fourth-Quarter Loss, Disappointing 2020 Outlook
DEARBORN, Mich. (Reuters) - Investors sent Ford Motor Co shares skidding on Tuesday after the company delivered a weaker-than-expected 2020 forecast, warning of higher warranty costs, lower profits at its credit arm and continued investments…
Brazil’s Gol Shares Jump on American Codeshare Agreement
SAO PAULO, Feb 4 (Reuters) - Shares in Brazil's Gol rose as much as 5.5% on Tuesday after the budget airline said it had signed a codeshare agreement with American Airlines. "When this is approved…
Air-to-Air Refueling Broadens C295 Tactical Airlifter’s Operational Versatility
The new capability for Airbus’ C295 to serve as an aerial tanker brings additional flexibility for this tactical airlifter, further increasing its already-proven versatility and opening additional mission opportunities. Airbus Defence and Space developed a removable…
OneWeb Lifts Off: Next Batch Ready to Launch
EXPLORATION PARK, Florida – 34 satellites for the OneWeb constellation are ready for launch from Baikonur, Kazakhstan. The satellites arrived in two shipments, including one last week, have been tested, and have now been fitted into…
Amtrak Downeaster Achieves Record Ridership In 2019
PORTLAND, MAINE – The Northern New England Passenger Rail Authority (NNEPRA) announced today that the Amtrak Downeaster achieved record breaking ridership of 574,404 passengers in calendar year 2019, a 7.8% increase from 2018. The previous…