Transportation news and more!
Boeing (NYSE: BA) announced today that it has terminated its Master Transaction Agreement (MTA) with Embraer, under which the two companies sought to establish a new level of strategic partnership. The parties had planned to create…
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,…
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…
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…
FILE PHOTO: EasyJet planes parked at Luton airport after the airline grounded its entire fleet LONDON (Reuters) - EasyJet can survive a nine-month shutdown thanks to its measures to contend with the coronavirus crisis and…
During the scheduled two weeks of suspended operations at the Boeing [NYSE: BA] Philadelphia facility in Ridley Township, the company has been working to restart production with enhanced safety measures. Boeing will resume operations in…
(Reuters) - The coronavirus outbreak has virtually shut down corporate Australia and New Zealand, forcing companies to throw out their strategic plans and resulting in thousands of layoffs or staff suspensions. Listed companies in both…
FILE PHOTO: VW hosts photo workshop at Zwickau plant FRANKFURT (Reuters) - German carmakers including Volkswagen <VOW.DE> and Mercedes-Benz <DAI.DE> will restart production at some German factories next week after the country eased restrictions designed…
CHICAGO, April 15, 2020 /PRNewswire/ -- Oscar Munoz, Chief Executive Officer, and J. Scott Kirby, President, today issued the following message to nearly 100,000 United Airlines (NASDAQ: UAL) employees: To our United Family: We hope all is well with…
American Airlines is recognizing the loyalty of AAdvantage® members by extending their elite status amid reduced travel related to the coronavirus (COVID-19). Changes include: Extending elite status for AAdvantage members until Jan. 31, 2022. Reducing elite…
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