Air Freight News
Boeing CEO makes $21 million on paper, pockets just $269,321
Boeing Co. Chief Executive Officer Dave Calhoun got total compensation of $21 million last year, but his take-home pay was a small fraction of that…
Broken fan blade on United engine was last inspected in 2016
The fan blade that broke on a United Airlines plane over suburban Denver last month failed well before it was required to receive its next…
Airbus books slew of lost orders while deliveries lag output
Airbus SE suffered a surge in order cancellations last month as Norwegian Air Shuttle ASA scrapped narrow-body jet purchases and a wave of coronavirus lockdowns…
Alitalia talks enter crucial stage in test for Draghi at EU
Italian Prime Minister Mario Draghi’s government is set to resume talks with European Union authorities on the future of cash-strapped Alitalia, in an early test…
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Boeing jet’s fiery engine blast came amid long effort for a fix
Boeing Co. has been working for several years with U.S. regulators on ways to fortify engine covers for at least two of its best-selling jetliners,…
Boeing said to seek another $4 billion of liquidity from banks
Boeing Co. is seeking a new $4 billion revolving credit facility from a group of banks, according to people with knowledge of the matter, as…
Boeing reeled from ‘terrible’ press after first Max crash
Boeing Co. leaders were stunned by a barrage of negative articles after a 737 Max plunged into the Java Sea in October 2018, killing all…
One airline had a banner 2020: Maduro’s state-controlled carrier
Last year may have been the worst in the history of the global aviation industry but for Nicolas Maduro’s ragtag Venezuelan airline, business boomed.
Etihad targets 2023 turnaround after virus doubles annual loss
Etihad Airways doubled its operating loss to $1.7 billion last year, after a multi-year turnaround effort at the Gulf carrier was interrupted by the coronavirus…
Lufthansa sees delayed recovery after record annual loss
Deutsche Lufthansa AG struck a more pessimistic tone after reporting the biggest loss in the airline’s history, saying it might need until the middle of…