Air Freight News
American Air borrowing $7.5 billion in loyalty-backed debt
American Airlines Group Inc. is kicking off a $7.5 billion sale of bonds and leveraged loans backstopped by its frequent-flyer program, capitalizing on low borrowing…
Lufthansa embraces rail alternative amid emissions pressure
Deutsche Lufthansa AG and German state railway Deutsche Bahn AG will cooperate on express-train services that could replace short-haul flights amid heightening concern about aviation’s…
Senior plans to add hundreds of staff for Airbus A320 ramp up
Aerospace supplier Senior Plc said it expects to hire several hundred new staff in the second half of this year as major customer Airbus SE…
GE nears deal with AerCap to create behemoth aircraft lessor
General Electric Co. is nearing an agreement to combine its jet-leasing business with Ireland’s AerCap Holdings NV, said people familiar with the matter, in a…
U.K. aviation industry calls on Johnson for more financial aid
Heathrow airport, unionized workers and ground-handling staff issued a joint plea to U.K. Prime Minister Boris Johnson for more state funding to help the aviation…
Airline insiders sell most shares in three years amid rally
Airline executives and directors sold $49.9 million of stock in February, the most in three years, as industry shares posted a record rally fueled by…
United, British Air sound alarm on Alliance data breach
British Airways, United Airlines Holdings Inc. and Singapore Airlines Ltd. were among carriers affected by a cyberattack that hit the Star and Oneworld alliances, exposing…
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…