After the close of the markets on Tuesday, United Airlines announced a major shakeup in its executive ranks. The airline's CEO Jeff Smisek is out, along with a pair of vice presidents.
The Boeing Company has agreed to pay $4 million to settle a civil lawsuit alleging that the company unlawfully inflated the price it charged the U.S. Air Force to manufacture a system for the B-1 bomber.
Taiwan-based China Airlines agreed to plead guilty and to pay a $40 million criminal fine for its role in a conspiracy to fix prices in the air transportation industry, the U.S. Department of Justice announced on Monday.