Boeing Forecasts Air Cargo Traffic to Triple in Next Two Decades
World air cargo traffic will expand at a 5.9 percent annual rate over the next two decades, with worldwide air freight traffic expected to triple through 2029, Boeing projected on Tuesday.
Thai Airways to Lease Eight New Boeing 777-300ER Jets Ordered by BOC Aviation
The Boeing Company on Tuesday announced an order for eight 777-300ERs from leasing company BOC Aviation, which will in turn lease the aircraft to Thai Airways.
ANA to Pay $73 Million Fine Over Price Fixing Scheme
All Nippon Airways has agreed to plead guilty and will pay a $73 million criminal fine for its role in two separate conspiracies to fix prices in the air transportation industry, the U.S. Justice department said on Monday.
Yemeni Passenger and Cargo Flights Banned from German Airspace
With several countries suspending cargo flights from Yemen, Germany on Monday extended the ban to passenger flights after two explosive devices were found aboard a U.S.-bound cargo plane in England and a FedEx facility in Dubai.
Russian Company Finalizes Order for 50 Boeing 737s
Russia's State Corporation Rostechnology on Friday announced that it finalized an order for 50 Next-Generation 737s from Boeing valued at $3.7 billion at average list prices.