IPhone maker Hon Hai’s profit beats despite China lockdowns
Hon Hai Precision Industry Co., the maker of most of the world’s iPhones, posted earnings ahead of estimates after keeping production running despite component shortages…
UK retailers sue truckmakers over alleged price fixing
Several major UK retailers sued truckmakers including Volvo AB over a historic 3.8 billion euro ($4 billion) price-fixing cartel in relation to emissions technologies.
Rolls-Royce says China curbs weighing on jet-engine recovery
Rolls-Royce Holdings Plc said renewed coronavirus restrictions in China are holding back crucial service revenue from its jetliner engines even as markets begin to recover…
Russia oil revenue up 50% this year despite boycott, IEA says
Russia’s oil revenues are up 50% this year even as trade restrictions following the invasion of Ukraine spurred many refiners to shun its supplies, the…
Collaboration and partnerships are the pillars of CargoAi’s success
In less than three years, the world’s only cloud-native air cargo solutions provider, CargoAi, has succeeded in overtaking some of its close competitors and has…
Dubai Airports posts best quarter in two years as travel surges
A surge in demand helped Dubai’s main airport post its best quarter since the coronavirus pandemic began, and the Gulf hub may reach pre-Covid levels…
Passenger jet bursts into flames during takeoff in China
China’s aviation regulator says it is investigating why a Tibet Airlines plane veered off the runway and burst into flames during takeoff Thursday, injuring dozens…
Cushman & Wakefield advises sale of industrial park near Van Nuys Airport in Los Angeles for $85 million
Cushman & Wakefield has advised the sale of a ±13.43-acre industrial park comprising five buildings totaling 95,600 square feet with two land parcels totaling ±4.17…
East Coast jet fuel prices remain higher than other spot price hubs
The spot jet fuel price in New York Harbor traded at record-high levels for several weeks in April. The price has since declined, but it…
Lufthansa Cargo orders ten Boeing freighters
The Lufthansa Group has announced that it will invest in expanding the capacity of Lufthansa Cargo's freighter fleet. The airline has ordered a total of…
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