The Port Authority gives one of the largest airlines in the world the green light for a $1.2 billion terminal overhaul project set to take up to five years.
Boeing's new 747-8 Freighter jumbo jet completed its final certification test flights on Tuesday, a major milestone toward the first delivery scheduled for September.
Global Aviation Holdings, owner of charter carriers World Airways and North American Airlines, filed for Chapter 11 bankruptcy protection Sunday evening. Global says operations will continue without interruption.