Summer travel on U.S. airlines is expected to reach an all-time high this year on the wings of a strong U.S. economy, Washington-based trade group Airlines for America said on Monday.
Transportation
Micromanaging new CEO impresses at Malaysia Airlines but doubts run deep
New CEO Christoph Mueller's plans for troubled Malaysia Airlines - including a new brand, a smaller fleet and one third less staff - are widely seen as a promising blueprint for a fresh start.
Airbus sees 'several hundred' orders at Paris Airshow
Airbus could announce "several hundred" airplane orders at the June 15-21 Paris Airshow, Fabrice Bregier, chief executive of the planemaking unit of Airbus Group, said on Saturday.
Troubled Malaysia Airlines to be completely revamped: new CEO
Loss-making Malaysia Airlines is set to undergo a complete overhaul as it is restructured into a new company, with a rebranding that will be unveiled next week and changes planned to its fleet and network strategies.
China's Didi Kuaidi ups stakes in taxi apps war
China's dominant taxi-hailing firm Didi Kuaidi will spend 1 billion yuan ($161.39 million) on promotions, the company said on Friday, in an aggressive expansion that will help lure in riders and fend of rivals like U.S. firm Uber Technologies Inc.
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Citing steady demand from airlines, Boeing Co (BA.N) said on Tuesday it is capable of raising 737 jetliner output by 43 percent to 60 a month, as it gave a rosy outlook despite concerns about orders, overall production and defense spending.
Uber is testing cash payments in India as the online taxi-hailing company seeks a stronger foothold in a country where many fewer people have credit cards than internet connections.
U.S. aviation regulators are talking to drone makers and service providers about testing commercial drones that can fly beyond an operator's visual line of sight, currently banned for safety reasons, according to people with knowledge of the discussions.
Boeing (BA.N) plans to use newer and more standardised manufacturing techniques for its new 777X jetliner, paving the way for "significant" savings as it gradually feeds the changes back into existing assembly lines, a senior executive said.
China's top two trainmakers have been in discussions with Bombardier Inc (BBDb.TO) about possibly buying a controlling stake in the Canadian company's railway unit, two sources with direct knowledge of the matter said.
Telecoms equipment maker Ericsson (ERICb.ST) reported a surprise fall in profits on Thursday as infrastructure spending by mobile network operators in its key North American market remained sluggish and fierce competition pressured margins elsewhere.
Boeing Co shares dropped as much as 3 percent on Wednesday despite strong earnings, reflecting concerns about the aerospace company's cash flow, orders and costs.
The jumbo jet, for many years the workhorse of modern air travel, could be close to running out of runway. Last year, there were zero orders placed by commercial airlines for new Boeing 747s or Airbus A380s, reflecting a fundamental shift in the industry toward smaller, twin-engine planes. Smaller planes cost less to fly than the stately, four-engine jumbos, which can carry as many as 525 passengers.
Airbus (AIR.PA) will not abandon its A380 jumbo jet program despite slow sales, its chief executive told Les Echos newspaper, and needs more time to decide whether to redesign its engines as major customer Emirates Airline has requested.
