Kenya Airways seeks to raise as much as $1.5 billion capital
Kenya Airways Plc now seeks to raise as much as $1.5 billion in fresh capital in a restructuring process authorities say will revive the carrier…
Turkey’s Pegasus will keep 737s, drops plan for all-Airbus fleet
Turkish discount carrier Pegasus will hold on to its Boeing Co. 737 fleet as it looks to meet growing demand, a shift away from a…
Japan really wants to build airplanes, $33 billion project shows
Japan’s trade ministry wants to get the country’s aviation ambitions back up in the air.
Kenya Airways to name strategic investor by year-end
Kenya Airways Plc has started the process of identifying suitable partners to support capitalization of the company to boost its efforts to reduce debt and…
UPS declines as long-term sales target seen as hard to meet
United Parcel Service Inc. expects sales and profit to grow over the next three years as the courier overcomes soft demand for package delivery coming…
Biggest challenge facing new Boeing CEO is winning over airlines
Boeing Co.’s customers finally have what they’ve been after: a leadership shakeup at the planemaker.
JetBlue cuts unprofitable routes in flight network overhaul
JetBlue Airways Corp. will eliminate unprofitable routes in California and Florida and drop service to several cities in South America, a sweeping overhaul of its…
Boeing announces board and management changes
• Dave Calhoun announces intent to step down as CEO at the end of 2024; Calhoun will continue to lead Boeing through year-end • Independent…
Cathay sets new 2030 carbon intensity target in support of its 2050 net-zero goal
Cathay has further demonstrated its unwavering dedication to decarbonising the aviation industry, setting a new target to improve its carbon intensity by 12% from the…
Lufthansa gets EU warning shot over €325 million ITA deal
Deutsche Lufthansa AG’s €325 million ($352 million) investment in Italian carrier ITA Airways faces a potential veto from European Union merger watchdogs unless it fixes…
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