Air Freight News
Delta sees up to $3.3 billion charge on voluntary departures
Delta Air Lines Inc. will take a charge of as much as $3.3 billion to cover the costs of early retirement and voluntary separation plans…
‘Nut rage’ family matriarch convicted of assault, Yonhap says
More than a year after being charged with assaulting employees, the matriarch of the family that controls Korean Air Lines Co. received a suspended jail…
Swashbuckling airline titans crushed with sector on life support
It took 200 million pounds ($250 million) of Richard Branson’s own money to secure the rescue of his Virgin Atlantic Airways Ltd.
Branson rescues Virgin Atlantic as 70th birthday gift to himself
Richard Branson has spent decades cultivating an image as a daredevil entrepreneur, glorifying risk with stunts such as sky-diving or hot-air ballooning across the ocean…
Boeing announces second-quarter deliveries
The Boeing Company announced today major program deliveries across its commercial and defense operations for the second quarter of 2020.
Boeing lost 60 Max jet orders in June with virus crimping buyers
Boeing Co.’s order stockpile shrank further last month as airlines and lessors backed out of commitments for the grounded 737 Max jetliner in a market…
A solvent recapitalization of Virgin Atlantic
Virgin Atlantic has reached a major milestone towards securing its future today, by announcing plans for a private-only solvent recapitalisation of the airline, following the…
South African Airways creditors approve $1.6 billion rescue
South African Airways creditors and unions approved a rescue plan that includes at least 26.7 billion rand ($1.6 billion) in state funding and thousands of…
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Virgin Atlantic set for $1.25 billion rescue
Virgin Atlantic Airways Ltd. is poised to announce a rescue worth at least 1 billion pounds ($1.25 billion), after clearing the last major hurdle to…
Delta sees surge in US coronavirus stalling travel rebound
Delta Air Lines Inc. says the resurgence of new coronavirus cases and related travel restrictions have stalled a fledgling recovery in U.S. travel demand and…