FedEx Corp. estimates it took a $300 million hit from the late June cyberattack that started by targeting Ukrainian companies and spread globally, particularly affecting FedEx subsidiary TNT Express.
Airbus is considering moving A330neo and A350 cabin completion work to its Chinese production facility here and is also studying increased output from the site’s A320 final assembly line.
Airbus is taking part of the A320neo nacelle work in-house, in a sign that it is slowly moving to more vertical integration, and that it is concerned that some of its supplier base are becoming too powerful.
Ryanair said it would open a new base—its 87th—in Burgas, Bulgaria, from the end of March, basing one aircraft there and adding 10 new routes as it continues its rapid expansion.
The Air Berlin bankruptcy reached a new level of complexity and uncertainty, after a creditor filed an application to declare Austrian subsidiary Niki bankrupt as well.
Ryanair and Norwegian Air Shuttle said they had called off talks about a connecting-flight service after EasyJet overtook its Irish LCC rival to launch connecting flights with the Norwegian low-cost long-haul airline.
China’s appetite for pilots is likely to keep driving up the country’s already significant share of demand for flight training in Australia, an industry executive closely involved in the business says.
BEIJING—Four Chinese government lessors have ordered 70 Comac C919s and taken options on 60 more, the manufacturer and the customers say, indicating strengthened government backing for the project.
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