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HuaweiAirbus parent company EADS NV posted a 47 percent drop in fourth-quarter net profit Wednesday after taking costly charges at its helicopter and defense electronics divisions.
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AirAsia, Asia’s largest low-cost carrier by fleet size, said Tuesday that its fourth-quarter profit jumped 168 percent year-on-year amid increased passengers.
WASHINGTON - Boeing has proposed a fix for battery problems on the 787 Dreamliner but the aircraft will stay grounded worldwide until a safe solution is determined, US air safety regulators said.
NEW YORK - AMR, the parent of American Airlines, asked the judge overseeing its bankruptcy case to approve its $11 billion merger with US Airways Group to create the world’s largest carrier.
TORONTO - Bombardier reported quarterly results that fell short of expectations and issued a lacklustre 2013 outlook, sending shares of the Canadian aircraft and train maker down nine per cent.
WASHINGTON/SEATTLE - Boeing Co on Friday gave US aviation regulators its plan to fix the volatile battery aboard its new 787 Dreamliner, even though investigators have not yet determined what caused the batteries to overheat on two planes last month.
Boeing has proposed a fix for battery problems on the 787 Dreamliner but the aircraft will stay grounded worldwide until a safe solution is determined, US air safety regulators said.
Germany’s second-largest airline Air Berlin said Friday that it posted a profit last year for the first time in five years thanks to cost-cutting measures.
US aerospace giant Boeing is set to propose repairs to the battery problems in its grounded 787 Dreamliner jets that could have them fly again within two months, The New York Times said.
AirAsia, Southeast Asia’s top budget carrier, said Wednesday it will set up an airline with India’s Tata conglomerate to tap the world’s second most populous nation after moves to liberalize its airline industry.