Berkshire boosts Delta Air stake by $45 million amid market rout
Warren Buffett’s Berkshire Hathaway Inc. boosted its stake in Delta Air Lines Inc. last week, taking advantage of bargain prices amid market declines.
Boeing supplier sees Max trailing production goal for four years
Boeing Co.’s 737 Max will take four years to reach production levels originally targeted for 2019 even if the grounded jet resumes flying this summer,…
Pence to meet airline CEOs; N.Y. expects new cases
New York Governor Andrew Cuomo said he expects more cases after the state identified its first coronavirus patient, while Iran and South Korea reported another…
Aeroflot to operate flights to/from Iran and South Korea from Terminal F of Sheremetyevo Airport
Beginning March 1, Aeroflot will transfer flights to/from Iran and South Korea to Terminal F of Sheremetyevo International Airport.
Boeing goes on hiring spree in high-stakes gamble on 737 Max
In the weeks before Boeing Co. halted 737 Max production in January, company executives took a hard look at all the personnel who’d be left…
China takes charge of HNA, paving way for faster asset sales
China began assuming control of debt-laden HNA Group Co., paving the way for a hastened selloff of the once-sprawling conglomerate’s remaining assets after it became…
Emirates Offers Leave to Staff as Virus Saps Demand for Travel
Emirates Group, which runs the world’s biggest airline by international traffic, is encouraging staff to take leave as the coronavirus outbreak slows demand for travel.
Etihad Cargo selects ECS Group as cargo service provider in key Asian, European and North American markets
In line with the recent implementation of the new global sales distribution structure across its network, Etihad Cargo, the cargo and logistics arm of the…
Kenya to Lend Ailing Airline $49.5 Million, Mulls Restructuring
Kenya’s government agreed to loan its cash-strapped national carrier 5 billion shillings ($49.5 million) for working capital and to enable it carry out a scheduled…
South African Airways rescuers get extra month to make plan
Administrators for South Africa’s loss-making state airline have been given an extra month to complete a turnaround plan.
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