June 19- FedEx Corp reported a higher-than-expected quarterly profit on Wednesday, sending its shares higher, but the world's biggest air-freight company said it was cutting more capacity between the United States and Asia.» Read More
Bombardier Commercial Aircraft's President says the Canadian aircraft manufacturer is bullish on the BRIC nations as it details its new CSeries planes at the Paris Air Show, hoping to take advantage of a gap in the market.
As trade between African nations rises, there is also a growing need for fast, efficient travel between countries. Yet air transport links remain under-developed.
After an opening day at the Paris Air Show that saw Airbus announce an impressive amount of orders, Boeing fought back on Tuesday with a raft of orders and the launch of the latest in the line of 787 Dreamliners, the 787-10.
Boeing and Airbus showcase their new wide-bodied planes at the 2013 Paris Air Show.
Big finance waded into a rain-soaked Paris Airshow with more than $10 billion in orders for jumbo passenger jets as planemakers duelled over strategy for large aircraft.
Accenture has already noticed that change is in the air for the week ahead in Le Bourget. Four stories in particular underscore the significant changes taking place within the aviation industry.
In the heated battle for leadership in commercial airplanes Boeing and Airbus believe they are positioned to have strong showings at the Paris Air Show.
Europe's newest passenger jet successfully began its maiden flight on Friday.
A few years ago the lion's share of "action" in the aerospace industry was focused on military aircraft, but now the balance of power has tipped to the commercial side, according to an expert.
New guidelines from India proposing that pilots should be allowed to sleep on planes raises the issue once more of whether pilots should be allowed rest and whether they are overworked.
With orders expected to be low, the Paris Air Show has a distinct air of unpredictability. The possibility of commercial unmanned air crafts - known as drones - could be a hot topic.
With next week's Paris Air Show just around the corner, Airbus announced on Tuesday that the first flight of its new A350 XWB (extra wide body) jet will take place on Friday.
NEW YORK-- Shares of Roadrunner Transportation Systems Inc. fell Tuesday after a Stifel Nicolaus analyst downgraded the transportation and logistics services provider, saying that its shares reflect the company's prospects after a recent rally.
PARIS/ SEATTLE, June 11- Boeing upgraded its 20- year forecast for airplane demand as aerospace firms heading to next week's Paris Airshow look beyond the financial crisis to pin their hopes on Asia. Boeing said passenger and cargo traffic, both indicators of economic activity, are expected to grow 5 percent annually.
PARIS, June 10- The first delivery of the Airbus A400M, Europe's new military airlifter, could slip beyond its second-quarter target date and take place in July, industry sources said. The first aircraft is being readied for delivery to France, one of seven European NATO nations that developed the heavy cargo and troop transporter at a cost of 20 billion euros.
LONG BEACH, Calif.-- Freight logistics company UTi Worldwide Inc. posted a fiscal first-quarter loss on Thursday, as prices for its services declined and shipping volumes fell. The company lost $12.4 million, or 12 cents per share, for the quarter that ended April 30. During the same period last year it earned $12.9 million, or 12 cents per share.
SANTIAGO, May 14- LATAM Airlines Group SA's first-quarter net profit skidded to $42.7 million, or nearly half of a year earlier, on foreign exchange fluctuations, a drop in cargo revenue and the grounding of its three Dreamliners, the company said on Tuesday.
DANDONG, China, May 1- China has stepped up checks on shipments to and from North Korea almost two months after agreeing to new U.N. sanctions that demand greater scrutiny of trade, but the flow of goods in and out of the reclusive state appears largely unaffected.
April 25- United Parcel Service Inc, the world's No. 1 package delivery company, said its international package business will drive results in the near term and that it expects the small-package market to grow faster than the U.S. economy in 2013..
*First-quarter earnings $1.04/ share vs est $1.01. April 25- United Parcel Service Inc, the world's largest package-delivery company, reported a quarterly profit above analysts' estimates, buoyed by a stronger-than-expected post-holiday season in January.