Air Freight News
Boeing forecasts 20-year Middle East commercial jet and services market valued at more than $1.4 trillion
Commercial fleet expected to more than double to serve passenger and cargo demand
British Airways owner’s stock rally hit by fuel, Covid headwinds
British Airways parent IAG SA’s shares are wiping out much of the past month’s gains on growing concerns about fuel prices, Covid-19 infections and a…
Thai AirAsia parent seeks to raise $540 million in fresh capital
Asia Aviation Pcl, the operator of Thailand’s biggest budget carrier Thai AirAsia Co., plans to raise as much as 17.9 billion baht ($535 million) from…
Jet fuel price surge is clouding U.S. airlines’ recovery plans
Jet fuel prices are surging above pre-pandemic levels, an ominous headwind for airlines plotting a recovery from more than a year of losses. Despite lackluster…
United Airlines posts smaller loss after variant wrecks profit plan
United Airlines Holdings Inc. posted a narrower loss than analysts had expected as a dip in demand from a summer surge in the coronavirus delta…
Chinese tycoon takes on Cathay with new airline in Hong Kong
A new airline with ties to Beijing is trying to muscle into Hong Kong, a patch long dominated by stalwart Cathay Pacific Airways Ltd.
AirAsia X proposes paying creditors 0.5% of $8 billion owed
AirAsia Group Bhd.’s long-haul arm has offered to pay creditors just 0.5% of the more than $8 billion total debt they are owed and terminate…
Southwest Air asks court to reject effort to block Covid shots
Southwest Airlines Co. asked a federal court to reject a request from its pilots to temporarily block the carrier from carrying out federally mandated coronavirus…
China orders five airlines to halt some flights on virus cases
China’s Civil Aviation Administration ordered five domestic and foreign airlines to suspend some flights from Monday after multiple coronavirus cases were found on board, it…
Ex-Boeing pilot charged with fraud in 737 Max probe
A former Boeing Co. pilot was charged with deceiving U.S. aviation regulators in the first prosecution related to two fatal 737 Max accidents that plunged…