Boeing gets $50 billion of orders for bonds amid strong demand
Boeing Co. has already received $50 billion of orders for its bond offering Thursday, as the company comes off of one of its worst quarter…
All those parked 747s herald peak oil demand
Jet fuel was once the last great hope for long-term growth. No longer.
Lufthansa running out of bailout road as Germany sets out terms
Germany’s government has set out a unified position on a bailout for Deutsche Lufthansa AG, with the airline group expected to accept a significant government…
Japan Airlines posts loss, pulls dividend as virus hits travel
Japan Airlines Co. posted its first quarterly operating loss in at least eight years and suspended its annual dividend as the coronavirus outbreak hits the…
Virgin Australia draws 20 suitors in race for sale by June
Virgin Australia Holdings Ltd. attracted at least 20 potential buyers as administrators race to sell the airline within two months.
Philippine carriers ask for help as losses hit 19 billion pesos
Airlines in the Philippines are asking Congress to pass a law that would provide the industry financial support and wage subsidies as losses due to…
Mnuchin says no plans for more virus rescue money for airlines
Treasury Secretary Steven Mnuchin said he isn’t considering providing additional money to help airlines reeling from the impact of Covid-19.
Alaska Air Cargo begins testing passenger aircraft to fly critical cargo
Alaska Air Cargo announced it will fly passenger jets as cargo-only flights to carry essential goods like mail, medical equipment, e-commerce packages and food throughout…
Boeing and GE stare down an aerospace apocalypse
Both companies have been hit hard by the collapse in travel caused by the coronavirus pandemic, but the pace of recovery will be different.
Virgin Atlantic set to deliver over 43 million items of personal protective equipment (PPE) and medical supplies to the UK from China
Virgin Atlantic is set to deliver over 43 million items of personal protective equipment (PPE) in to the UK onboard special cargo-only flights which have…
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