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...
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...
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...
American Airlines President Robert Isom announced that the airline operated 150 international flights on Monday, a welcome change as the United States has decided to permit entry to non-citizens who are vaccinated against COVID-19. "We're seeing fantastic demand, 40,000 customers are coming inbound to the U.S. today," Isom revealed...
Documents released on Friday show that Boeing Co has agreed to pay $237.5 million to shareholders in order to settle a lawsuit regarding the company's safety oversight of the 737 MAX aircraft. After the board of directors failed to identify a safety oversight before releasing this aircraft into the...
Pete Chareonwongsak, CEO of AirAsia logistics division Teleport, revealed on Wednesday that the Malaysian airline is in talks with Airbus SE over its interest in developing a new version of the A321neo passenger plane. While no development plans have been announced as of yet, AirAsia would be interested in...