As the one-year mark of the Boeing 737 MAX grounding nears, airlines and lessors have to decide whether they want to make use of an upcoming opportunity to cancel orders for the aircraft.
Boeing plans to re-start 737 MAX production “months” before the FAA approves it to fly again, which could be as soon as early spring based on the company’s newest estimate, Boeing president and CEO Dave Calhoun said.
New draft regulations from the U.S. Department of Transportation (DOT) would limit emotional service animals to dogs, ending a controversial loophole that caused headaches for carriers and passengers over the last several years.
EasyJet founder and shareholder Stelios Haji-Ioannou plans to lodge a token vote against the re-election of easyJet chairman John Barton, putting pressure on management to pace growth and maximize shareholder returns.
Europe’s pilots’ unions, represented by blanket body the European Cockpit Association (ECA), have called for risk-analysis sharing after Ukraine International Airlines (UIA) Flight PS752 was shot down Jan. 8 in Iran, killing everyone on board.
UK transport and infrastructure investor Stobart Group has provided £9 million ($12 million) in additional funding to cash-strapped UK regional airline Flybe, blaming delays in securing EU competition clearance as contributing to the airline’s current plight.
With positive operational tailwinds and asset disposals in 2019, China’s Hainan Airlines announced in a stock announcement that it is expecting an estimated net profit between CNY450 million ($65.2 million) and CNY675 million for fiscal 2019, reversing the CNY3.6 billion loss it made in 2018.
A strong finish to 2019 helped United Airlines realize its 2020 earnings target a year ahead of schedule, as favorable demand and fuel trends continued to offset added costs from the Boeing 737 MAX grounding.