Air Freight News
Malaysia Airlines Parent Firm Gets Green Light for Restructuring
Malaysia Airlines Bhd.’s parent company was given the nod to implement a wide-ranging restructuring by the majority of its lessors and a U.K. court on…
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Engine explosion spurs Boeing 777 groundings in US, Asia
Airlines grounded dozens of older Boeing Co. 777 aircraft after the failure of a Pratt & Whitney engine showered debris into a Denver suburb and…
US crude will help to set global Brent oil benchmark from 2022
The North Sea oil price that serves as a benchmark for millions of barrels of physical crude transactions each day will from next year be…
EU paves way for sanctions against Myanmar coup instigators
The European Union said it’s prepared to use sanctions against those responsible for the military coup in Myanmar and called for a return to civilian…
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Drones, choppers to police pirate-infested waters off Nigeria
Nigeria will commission $195 million worth of aircraft, boats and vehicles in the next three months to strengthen security in the pirate-infested Gulf of Guinea,…
British Airways delays $630 million in payments to pension fund
British Airways reached an agreement to delay 450 million pounds ($630 million) in payments toward cutting its pension deficit, helping to conserve cash as the…
Billionaire Sawiris backs $4.7 billion signature takeover
Egyptian billionaire Nassef Sawiris agreed to accept a sweetened $4.7 billion takeover offer for Signature Aviation Plc, a step toward ending the fight for control…
China urges Biden to scrap tariffs, restore goodwill
China urged the Biden administration to take steps to “build up goodwill,” including removing tariffs and sanctions, as Beijing continued to put the onus on…
United plane showers debris near Denver after engine failure
A Boeing 777-200 operated by United Airlines made an emergency return to Denver International Airport on Saturday following an engine failure that rained debris on…
Taiwan sees fastest growth since 2014 amid global chip shortage
Taiwan’s economy will probably grow at its fastest pace in seven years in 2021, the government said, forecasting that a global scramble for semiconductors will…