Air Freight News
‘Frenzy’ for airline stocks spurs dislocations in $2 billion ETF
Insatiable demand for travel stocks following Monday’s vaccine breakthrough is sending ripples through the world’s largest airlines-focused ETF.
FAA poised to lift Boeing 737 Max jet’s grounding next week
Boeing Co.’s 737 Max could be approved to resume commercial service as soon as next week, with U.S. aviation regulators finalizing their review of fixes…
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Southwest in talks for up to 30 Boeing Max jets that lost buyers
Southwest Airlines Co. is in advanced talks with Boeing Co. and aircraft lessors to acquire as many as thirty 737 Max “white tails,” or new…
United to Boost Thanksgiving Week Flights on Late Demand Uptick
United Airlines Holdings Inc. plans to add 1,400 flights and will prepare to use larger aircraft during Thanksgiving week, responding to late demand for travel.
Norwegian Air faces crisis after state denies fresh rescue
Norwegian Air Shuttle ASA risks becoming a casualty of the global aviation crisis after the state rejected a request for a second multi-billion krone rescue…
Air Canada soars as much as 29% on vaccine and cash outlook
Air Canada jumped as much as 29%, the most since March 25, after the airline said it burned less cash than expected in the third…
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Alaska Air Group announces leadership succession plan
Ben Minicucci to become CEO on March 31, 2021; Brad Tilden to continue as Board Chair
Airbus’s A220 jet suffers blow after Canadian order cancellation
Airbus SE’s A220 jetliner program suffered the biggest setback since the start of the coronavirus crisis as Air Canada canceled orders for 12 aircraft to…
Norwegian Air tumbles as government turns down new aid request
Norwegian Air Shuttle ASA said it’s facing “a very uncertain future,” sending the stock plunging, after Norway ruled out providing financial support to a carrier…
Singapore Airlines seeks liquidity after suffering record loss
Singapore Airlines Ltd. plans to raise more liquidity after posting its biggest quarterly loss on record as the coronavirus decimated travel demand and charges from…