Many investors have recently been cautious about the plane maker giant Boeing due to its slumping stock, 35.5% down year to date and the company’s mounting debt. However, investment firm CFRA Research analyst Colin Scarola argues that now is the right time to buy the shares of Boeing as...
Ultra-low-cost carrier Avelo Airlines made its debut on Thursday, establishing its first base at Hollywood Burbank Airport just outside Los Angeles. With fares as low as $19, Avelo plans to offer flights between secondary airports along the West Coast of the United States.
With air travel dropping drastically since the...
It seems JetBlue won't take no as an answer in its attempts to acquire rival low-cost airline Spirit Airlines. After making improvement on its original offer in early June, JetBlue has sweetened it once again this week.
JetBlue initially saw its bid for Spirit snubbed in favor of the one...
Airbus Chief Executive Officer Guillaume Faury stated during an interview on Sunday that he expects business air travel to return to its pre-pandemic levels shortly. Despite mass vaccine rollouts worldwide, concerns around business-motivated air travel remain, particularly with in-person business meetings being replaced by video conferences.
According to Faury, customers...
American Airlines stated last week that it has cancelled over 1,400 flights over the weekend. This move comes as the airline struggles with a shortage of staff and unfavorable weather: "With additional weather throughout the system, our staffing begins to run tight as crew members end up out of...
The aviation regulator of Singapore stated on Monday that the Boeing 737 MAX aircraft will be allowed to return to service after a hiatus of over two years. This makes Singapore the latest in a series of Asian countries to permit the aircraft to return to the skies.
Singapore's decision...
Indian budget airline Akasa Air revealed on Wednesday that it has signed an agreement with engine maker CFM International for the sale of their LEAP-1B engines. These engines will be used to power Akasa Air's recently-purchased 737 MAX airplanes.
The deal, worth almost $4.5 billion, includes the sale of spare...
Hong Kong airline Cathay Pacific Airways Ltd has decided to shut down its pilot base in London, the company announced on Thursday. In addition, the airline is also considering the closure of its last remaining overseas pilot bases in the United States.
The London base was initially placed under review...
Indian low-cost carrier SpiceJet confirmed on Thursday that they will be resuming the service of their Boeing 737 MAX jets in their fleet after the aircrafts were grounded for approximately two years.
With the service of Boeing 737 MAX jets halted internationally due to safety concerns, SpiceJet has entered into...
Israel Aerospace Industries (IAI) announced on Wednesday that it has closed a deal with Etihad Engineering to establish an aircraft conversion site in Abu Dhabi in the United Arab Emirates. The site will be used to convert Boeing 777-300ER passenger planes into cargo aircraft. This site, which will be operating...