Airline industry forecast to suffer record $84 billion loss
Airline losses are surging to unprecedented levels expected to be more than three times those following the 2008 global economic slump, according to the industry’s…
Boeing’s 787 delivery drought shows crisis brewing behind rally
Boeing Co. didn’t sell or deliver any of its marquee 787 Dreamliner jets in May, a reminder that the U.S. planemaker is still enveloped in…
Bombardier, once a Canadian champion, faces ouster from index
Bombardier Inc. is facing the boot from Canada’s main index as it slides toward irrelevance for equity investors.
Cathay avoids collapse with $5 billion government-backed plan
Cathay Pacific Airways Ltd. became the latest global carrier to receive a lifeline to get through the coronavirus pandemic, with the chairman saying its plan…
France earmarks $17 billion for ailing aerospace industry
The French government unveiled a rescue plan for the struggling aerospace industry that includes billions of euros to support Airbus SE and its suppliers hard…
Cathay, Swire Pacific, Air China suspend trading in Hong Kong
Embattled Hong Kong carrier Cathay Pacific Airways Ltd. and its two main shareholders, Swire Pacific Ltd. and Air China Ltd., suspended trading of their shares…
Austria Agrees 450 Million Euro Aid Deal for Lufthansa Arm
Austria has agreed to provide support worth 450 million euros ($508 million) to Deutsche Lufthansa AG’s division in the country, according to people familiar with…
Airbus’s Global Footprint Becomes a Burden in a Shrinking Market
Over the past dozen years, Airbus SE has grown from a European planemaker with purely local production into a global manufacturer with assembly lines on…
Emirates to Extend 50% Salary Cuts Until September
Emirates has extended 50% salary cuts until September as the Dubai-based carrier steps up measures to preserve cash, according to an internal memo.
British Airways Threatens to Fire All Pilots in Latest Salvo
British Airways warned its pilots union that it would dismiss all of the company’s 4,300 pilots and rehire them on individual contracts unless the union…
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