U.S. aerospace giant Boeing estimates northeast Asia will need 1,200 airplanes over the next 20 years, which would be worth $190 billion, a senior company executive said on Thursday.
Last year, procrastinators were rewarded when they finally got around to booking flights for holiday travel. Back then, airlines were not prepared for the sharp falloff in travel and offered last-minute deals to fill up empty planes. This year? Dilly-dallying, even waiting just a few days, could carry a steep price.
Europe should beef up support for industry and put its exporters first after the global financial crisis exposed the "mirages of speculation," the head of Airbus parent EADS said in remarks published on Wednesday.
The national union representing flight attendants wants Congress to ban in-flight phone calls, and survey after survey of airline passengers shows strong opposition to allowing cellphones on planes.
The World Trade Organization on Friday handed the United States and European Union its long-awaited intial decision in their dispute over government financing for airplane makers.
The Dow and S&P snapped their winning streaks Wednesday as disappointing earnings from two of Wall Street's biggest names overshadowed another round of earnings beats.
Stocks wobbled Wednesday as a slew of earnings beats, including one from Pfizer, were encouraging but disappointing reports from two of Wall Street's biggest names dragged on the market.
Stocks wobbled Wednesday as a slew of earnings beats, including one from Pfizer, were encouraging but disappointing reports from two of Wall Street's biggest names dragged on the market.
Futures indicated a lower open for Wall Street Wednesday as cautious words from Federal Reserve Chairman Ben Bernanke and Yahoo's missing revenue expectations lent to investors taking profits.
The airline industry is in the midst of one of its most wrenching summers ever. And the fall and winter may be even worse - unless people start to fly again.
Carry your own luggage to the plane, slide one pound ($1.65) into a slot to use the toilet while airborne, pay more charges for fuel, have staff working for free for one month.
Two years ago here at the Paris Airshow the sun was shining, the champagne corks were flying and the fizz was flowing as the orders rolled in for Airbus and Boeing. Wind the clock forward to now and the story is very different.
This is the 100th Paris Airshow but the aviation industry has little to celebrate. The grey weather here at Le Bourget really sums up to mood of most CEOs in the industry and it's extremely unlikely that we will see the flurry of aircraft orders normally associated with the event. The tragic news associated with Air France 447 is also casting a long shadow and is likely to dominate many of Airbus' scheduled events.