Norwegian scraps $10.6 billion deal for Boeing Max, 787 jets
Norwegian Air Shuttle ASA has notified Boeing Co. that it is terminating purchase agreements for all 97 of its remaining jets on order, citing the…
China imports stuck at India ports show standoff casualties
Imports from China have been piling up at Indian ports pending government clearances, causing concern that a recent border standoff between the two nations could…
UK sets up agriculture panel in blow to US trade deal hopes
The U.K. will set up a new commission to inform its post-Brexit agricultural policy, bowing to pressure from British farmers and potentially complicating trade negotiations…
SAS raising $1.3 billion to fund carrier’s survival strategy
Scandinavian airline SAS AB will raise 12 billion kronor ($1.28 billion) from investors including Sweden and Denmark as it battles to survive a slump in…
Airbus braces for job cuts on prolonged virus downturn
Airbus SE is meeting with European labor unions this week as it prepares to slash thousands of jobs and scale back its planemaking operation for…
China approves new Hong Kong security law, risking US anger
China’s top legislative body approved a landmark national security law for Hong Kong, a sweeping attempt to quell dissent that drew fresh U.S. retaliation and…
Summer flight-corridor plans spur rebound in airline capacity
Airlines this week added the most seats since the coronavirus outbreak began, spurred by expectations that demand will increase during the Northern Hemisphere summer and…
US halts some Hong Kong trade benefits over China law
The Trump administration made it harder to export sensitive American technology to Hong Kong, escalating pressure on China as lawmakers in Beijing prepared to hand…
New Zealand will host APEC in 2021 using virtual platforms
New Zealand’s hosting of the Asia Pacific Economic Cooperation forum in 2021 will go ahead using virtual digital platforms rather than the usual series of…
Europe finds it’s not so easy to say goodbye to low-cost China
European leaders talk of shortening supply chains and curbing China’s “Belt and Road” plan. But on the ground in Italy, Gimmi Baldinini says his designer…
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