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: Economic News
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…
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…
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…
AirAsia Shares Plunge After Airbus Bribery Allegations
KUALA LUMPUR (Reuters) - Shares of Malaysia's AirAsia Group <5099.KL> fell on Monday, after allegations by Britain's Serious Fraud Office that Airbus <EADSY> paid a bribe of $50 million to win plane orders from Asia's…
Some Exhibitors Drop Out of Singapore Airshow Due to Coronavirus
Textron, Gulfstream no longer attendingOrganisers expect reduction in exhibitors, visitorsSouth Korea's air force reviewing participation By Jamie Freed and Allison Lampert SYDNEY/MONTREAL, Feb 3 (Reuters) - Some aerospace companies including business jet manufacturers Textron Inc…
Bombardier Sells Two Learjet 75 Liberty Aircraft for Dedicated Medevac Service in Poland
Aircraft sold to U.S.-based Fargo Jet Center, which will convert spacious interior into cutting-edge medevac suiteBombardier’s newest Learjet aircraft, the Learjet 75 Liberty, delivers best-in-class speed and range and the smoothest ride at an exceptional valueLearjet aircraft have a proud…