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DUBAI: Saudi Arabian budget carrier Flyadeal reversed a commitment to buy as many as 50 Boeing Co. 737 Max jets, becoming the first airline to officially drop the plane since its grounding following two deadly crashes.
SINGAPORE: Budget airline JetStar, a unit of Australia's Qantas, plans to invest US$500mil in its Singapore hub, mostly by adding seven Airbus aircraft, according to chief executive Bruce Buchanan.
Dubai: Saudi Arabian budget airline Flynas LCC plans to open a hub in West Africa or the Balkans within five years to expand beyond its oversupplied domestic market, according to the airline’s chief executive officer.
NEW YORK (Reuters) - Aircraft lessor Air Lease Corp said on Monday it had ordered eight new Boeing 787-9 Dreamliner aircraft worth $1.8 billion at list prices for lease to Vietnam Airlines.
GEORGE TOWN: SAM Engineering & Equipment (M) Bhd, an aircraft component maker, is spending RM100mil over the next two years for expansion, with the bulk of the investment going into a new plant in Penang.
FEARS of a trans-Pacific trade war tore through the world’s markets with the stock prices for major exporters like Boeing and Caterpillar plunging more than 5%.