Airbus faces $339 million class action suit in the Netherlands
Lawyers who say they are representing “a hundred” institutional investors have filed a class action lawsuit against Airbus in a… Read More »
Lockheed Martin, Amazon and Cisco team up to integrate human-machine interface tech in Orion spacecraft
Lockheed Martin (NYSE: LMT), Amazon (NASDAQ: AMZN) and Cisco (NASDAQ: CSCO) have teamed up to integrate unique human-machine interface technologies… Read More »
GE stock recent selloff gives Credit Suisse analyst reason to recommend buying
Analyst John Walsh sees potential for more than 20% upside for the ‘cyclical aerospace recovery stock’. Shares of General Electric… Read More »
Singapore Airlines backs new Airbus A350 freighter
Singapore Airlines (SIA) (SIAL.SI) has thrown its weight behind efforts by Airbus (AIR.PA) to penetrate the booming air cargo market,… Read More »
Four charts show what the travel industry looks like 2 years into the pandemic
After a year of heavy losses, the travel industry is finally showing some signs of bouncing back — even as… Read More »
United Airlines expects year-end travel to top Thanksgiving despite omicron variant
United Airlines said Tuesday it expects to fly more passengers each day during the year-end holidays than Thanksgiving, a sign… Read More »
Virgin Australia switches U.S. partner to United from Delta
Virgin Australia said on Tuesday it would enter a new codeshare and loyalty partnership with United Airlines (UAL.O) from April… Read More »
British Airways says short-haul flights from Gatwick to start by March
British Airways’ short-haul flights from London’s Gatwick airport will start by March end, with an initial plan to fly to… Read More »
U.S. Senate committee faults FAA oversight of Boeing
A U.S. Senate report released on Monday said the Federal Aviation Administration must do a better job overseeing Boeing Co… Read More »
Branson leads $530 mln funding round for Virgin Atlantic
Virgin Atlantic has raised 400 million pounds ($530 million) in fresh funding from shareholders Virgin Group and Delta Air Lines… Read More »
U.S. Space Force holds war game to test satellite network under attack
The United States is testing satellite resiliency to threats from China and Russia miles above the earth’s surface, just weeks… Read More »
Air France KLM redeems 500 mln euros worth of debts
Air France KLM (AIRF.PA) has redeemed 500 million euros ($564.8 million) from an earlier French state loan issued to help… Read More »