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Tesla Cuts Prices up to 6% in North America to Boost Demand

WIL BALDWIN May 27, 2020

A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York Tesla Inc <TSLA> has cut prices of its electric vehicles by as much as 6% in North America…

Qantas Pauses Airplane Deliveries from Airbus and Boeing

WIL BALDWIN May 10, 2020May 10, 2020

Qantas planes are seen at Kingsford Smith International Airport in Sydney, Australia SYDNEY (Reuters) - Qantas Airways Ltd <QAN.AX> said on Monday it had advised Airbus SE <AIR.PA> and Boeing Co <BA.N> that it did…

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EU Clears 7 Billion Euros in State Aid for Air France-KLM

WIL BALDWIN May 4, 2020

BRUSSELS (Reuters) - The European Union's competition watchdog on Monday approved French state aid worth 7 billion euros ($7.66 billion) for Air France <AF.PA>, saying the support would provide cash to soften the economic shock…

Norwegian Air Shareholders Vote in Favor of Rescue Plan

WIL BALDWIN May 4, 2020May 4, 2020

OSLO (Reuters) - Norwegian Air <NAS.OL> shareholders backed its financial survival plan on Monday, with more than 95% of votes cast supporting the conversion of nearly $1 billion of debt into equity and raising more…

Emirates to Operate Limited Passenger Flights in May

WIL BALDWIN May 4, 2020May 4, 2020

Emirates is set to operate limited passenger services to Frankfurt (02, 04, 06, 09, 11, 13 May), London Heathrow (03, 05, 07, 10, 12, 14 May), Manila (3, 6, 8, 10, 13, 15, 16 May),…

Air New Zealand Signs Government Deal to Provide World Cargo

WIL BALDWIN May 4, 2020May 4, 2020

The International Airfreight Capacity agreement with the Ministry of Transport will allow exporters and importers the ability to access key markets in a world where available air freight capacity is reduced due to the COVID-19…

Norwegian Air Could Run Out of Cash Unless Debt Plan Approved

WIL BALDWIN April 27, 2020April 27, 2020

OSLO (Reuters) - Norwegian Air <NAS.OL> could run out of cash by mid-May unless its proposed financial rescue plan is approved by creditors and shareholders, the budget carrier warned on Monday. If approved by bondholders,…

United Airlines Sells 22 Airplanes to Bank of China Aviation

WIL BALDWIN April 20, 2020April 20, 2020

HONG KONG, April 19 (Reuters) - United Airlines will sell and lease back 22 planes to Bank of China (BOC) Aviation, a statement from the aircraft investor released to the Hong Kong Stock Exchange said…

CDB Financial Scraps Purchase of 29 Boeing 737 MAX Jets

WIL BALDWIN April 20, 2020April 20, 2020

SYDNEY (Reuters) - China Development Bank (CDB) Financial Leasing Co said on Monday it had agreed with Boeing Co <BA.N> to cancel the purchase of 29 undelivered 737 MAX jets, adding to a string of…

Boeing Activates Airlift Capability for First COVID-19 Transport Mission

WIL BALDWIN April 20, 2020April 20, 2020

Boeing [NYSE: BA] completed its first COVID-19 transport mission, using a 737-700 aircraft from its corporate fleet to bring personal protective equipment (PPE) from China to the United States. Working in partnership with FIRST® Robotics Founder Dean Kamen, the company transported 540,000…