Norwegian Air to Shut Bases & Axe Routes to Cut Costs
OSLO, Jan 16 (Reuters) - Budget carrier Norwegian Air will axe a number of routes in Europe and to the U.S and the Middle East, shutting several bases as part of a cost-cutting plan announced…
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Austin FC Begin MLS Play in 2021 as league’s 27th club
Austin FC is set to begin play in MLS in 2021 as the league's 27th club, commissioner Don Garber announced Tuesday. The club will become the city's first team in a major professional sports league. The…
United Airlines Reports Full-Year and Fourth-Quarter 2018 Performance
PR Newswire - January 15, 2019 Q4 unit revenue up 5.0% year-over-year; full-year diluted 2018 EPS of $7.70; adjusted diluted EPS of $9.13 CHICAGO, Jan. 15, 2019 /PRNewswire/ -- In a departure from industry trends, United (UAL) announced today that…
Airbus Seeks Hefty Cost Cuts for A220 Jet
MONTREAL (Reuters) - Europe's Airbus is looking for a "significant double-digit" percentage reduction in costs for a recently acquired Canadian jet program, as it expands production capacity to cope with anticipated demand for the former…
Cathay Pacific Again Sells First-class Tickets at Economy Rates
From BBC News A group of lucky Cathay Pacific customers have scored first-class seats at economy prices, in the second fare blunder by the airline this month. Tickets on trips from Hong Kong to Portugal…
PG&E Talking to Banks on Multibillion Dollar Bankruptcy
(Reuters) - PG&E Corp is in discussions with investment banks about a multibillion-dollar financing package to help navigate bankruptcy proceedings, a sign that Chapter 11 filing preparations are intensifying in the wake of potentially staggering…
Etihad Reaches Deal for Rescue of India’s Jet Air
(Bloomberg) -- Etihad Airways PJSC has agreed to lead a rescue of cash-strapped Jet Airways India Ltd. in a move that will see the Abu Dhabi-based carrier double its stake to 49 percent, according to…
Indonesia Finds Crashed Lion Air Cockpit Voice Recorder
JAKARTA, Jan 14 (Reuters) - Indonesia has found the cockpit voice recorder from a Lion Air plane more than two months after the Boeing Co 737 MAX jet crashed into the sea near Jakarta, killing…
Avianca Brasil Lessor Set to Seize 20% of Airline’s Fleet
SAO PAULO, Jan 11 (Reuters) - Lessor Aircastle is set to repossess 10 jets from Avianca Brasil, the country's No. 4 airline, after a bankruptcy hearing on Monday, a source familiar with the matter said,…
Embraer and Boeing Welcome Brazilian Government Approval
São Paulo and Chicago, January, 10, 2019 – Embraer [B3: EMBR3, NYSE: ERJ] and Boeing [NYSE: BA] have welcomed approval by Government of Brazil of the strategic partnership that will position both companies to accelerate…