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...
With unfavorable flight weather and staff shortages persisting, American Airlines announced that it canceled 262 additional flights for the day. This comes after the airline canceled close to 2,000 flights over Friday and the weekend.
The lack of improvement in the situation comes as a surprise to American Airlines, especially...
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...
Italia Trasporto Aereo, the new state-owned Italian airline that is commenced operations on Friday, is expecting to benefit from a major investment by another airline within the next year, Chairman Alfredo Altavilla revealed. This airline is the successor to Alitalia, which was shut down on the same day that...
United Airlines Chief Executive Officers Scott Kirby told CNBC on Wednesday that he does not expect the airline's vaccine mandate to have a negative impact on the company's operations. After deciding to make vaccinations compulsory for all of its employees, United Airlines threatened to fire 593 employees, all of...