Air China and Shenzhen Airlines, China's flag carrier, will purchase 55 -Airbus aircraft at a list price of $12,4?billion. The move is part of the Chinese flag holder's efforts to modernise and expand its fleet. Air China has agreed to purchase 15 A350-900 wide body jets. Shenzhen Airlines, on the other hand, will buy 40 narrow-body A320neo family aircraft. This is according to an Air China filing with the Shanghai Stock Exchange. Delivery of the A350-900 jets is scheduled between 2030 and 2032. The A350 900 jets are valued at about $6.09billion based on Airbus list prices for January 2025....

Some airlines have maintained their suspensions, while others are increasing the number of flights they offer to certain parts of the Middle East following the conflict caused by the U.S.-Israeli?strikes against Iran. Here is an alphabetical update on the status of flights. AEGEAN AIRLINES The largest airline in Greece has cancelled flights to Dubai and Erbil until September 30. AIRBALTIC The cancellation of flights to Dubai is effective until October 24. AIR CANADA Canadian Airlines has canceled flights to Tel Aviv, Dubai and Abu Dhabi until October 24. AIR FRANCE-KLM Air France suspends its Beirut flights from August 2 to...

Families of the five crew aboard a Boeing 737 cargo aircraft that crashed in the Arabian Sea near Pakistan last week are urging a global search to locate the flight recorders and determine the cause. The debris from the K2 Airways cargo plane was recovered shortly after the crash on July 7, but the depth of the water is approximately 3,000 meters (9,800 feet). Aviation experts who are familiar with deep-water crashes like Air France 447, in 2009, say that finding the "black boxes", would require an expensive underwater search. They may also need foreign assistance. The locator beacons of...

As security threats spiral, defence is expected to be at the forefront of Britain's Farnborough Airshow. Aerospace and arms makers are struggling to keep up with demand for weapons and cement a fragile recovery in civil jet and engine production. The Ukraine war is in its fifth year, and the Gulf ceasefire has been shattered. These risks are likely to push the annual competition between Boeing and Airbus over commercial jet orders in the July 20-24 trade show down the pecking-order. Air Chief Marshall Harv Smyth of the Royal Air Force told the International Air Chiefs Conference before the show...

China's largest airlines are facing a 'challenging' outlook for the summer peak travel season after warning of heavy 'losses' in the first half. Weaker demand has raised doubts about their ability to absorb higher fuel costs. Air China, China Eastern Airlines, and China Southern Airlines warned on Tuesday that they expect combined first-half losses of up 9 billion yuan (1,33 billion dollars). This is a stark reversal to their combined first quarter profit, which was boosted by a strong Lunar New Year market. These losses highlight the dilemma faced by Chinese airlines. Raising fares to cover higher fuel costs could...

The U.S. National Transportation Safety Board announced Thursday that it will be leading the investigation into a recent incident where a passenger was partially sucked from a Ryanair Boeing 747's broken window in Greece. The NTSB stated that Greece delegated to it the leading role in the investigation. According to the Federal Aviation Administration and video, a piece of engine fell off the Boeing 737 NG shortly after takeoff from Thessaloniki, Greece on 10 July. The plane was headed for Germany when it lost pressure and had to make an emergency landing. Ljubisa karovic, a Serbian national, was pulled from...

Argentina fans bought flights to the United States within hours of the national carrier putting on special services for the Sunday World Cup final in New Jersey against Spain. This shows that Argentina is willing to pay almost any price to support the defending champions. Aerolineas Argentinas, a state-run airline, said that two special Buenos Aires to New York flights released on Wednesday evening had sold out by the morning of Thursday. The flight was priced at $5,000 for economy class and $10,000 for business class, which is far higher than the usual fares. Spain won a 2-0 victory over...

The National Highway Traffic Safety Administration denied a petition filed by Tesla on?Thursday to avoid a recall for almost 20,000 vehicles that have headlights which may exceed the maximum lighting levels. Tesla said the issue did not have any impact on motor vehicle safety, and therefore there was no need for a recall. NHTSA disagreed with Tesla that there was no "increased risk" of glare to surrounding traffic or drivers of the vehicle. NHTSA?said that the recall covered about 19,900 Tesla Model 3 and Tesla Model Y models from 2017-2023. Tesla did not respond immediately to a request for comment....

After the U.S.-Israeli strike on Iran, more airlines are returning flights to the Middle East. However, major carriers are still 'cautious' and many routes will remain suspended until the fall. KEY POINTS The airlines have mostly resumed service through some parts of the Gulf but flights to Israel and Lebanon, as well as other destinations, remain disrupted. Dubai and Tel Aviv remain among the most affected destinations. Several European and Asian airlines have extended suspensions until October or even later. The Lufthansa Group remains one of the most cautious operators. Several airlines within the group have maintained?suspensions? to destinations such...

S&P 500 and Nasdaq are set to open lower?on Friday as chip stocks weakened anew, while investors analyzed fresh economic data in search of?clues?"on the state of the economy. Semiconductor stocks continued to fall from the previous session when investors shifted their attention from megacap technology names to banks and banks following strong results from major lenders. TSMC shares listed in the U.S. fell 3.9% during premarket trading despite the fact that the advanced AI chipmaker had reported a 77% increase in its second-quarter profits, which exceeded market expectations. Memory-chip manufacturers were among the largest decliners. Western Digital, Seagate Technology,...

Boeing executives have said that the company is nearing the 'final stages' of obtaining regulatory approval for a fix to the engine anti-ice systems on its 737 MAX jetliner. This will pave the way for the much-delayed MAX 7 & 10 versions entering service. The redesign addresses a problem that could cause engine failure or overheating. It was the main obstacle to the certification of Boeing's smallest and biggest versions. Cirium, an aviation analytics firm, reports that Boeing has built 30 MAX 7s already and nine MAX 10s are awaiting delivery. At least 28% (or more) of the outstanding MAX...

U.S. index futures on Thursday were mixed as weakness in?chip?stocks kept the sentiment low ahead of a?fresh set of economic data. However, positive results from?UnitedHealth provided some support. UnitedHealth's latest positive quarterly result, a higher profit forecast for 2026, sent shares of the healthcare giant up by 6.7% just before the bell rang, helping to lift Dow futures. Humana and Centene, their peers, gained 5% each and 4,2% respectively. Investors shifted their attention to megacap technology companies and banks after strong results by major lenders. U.S. listed?shares?of TSMC dropped 4.6% during premarket trading despite the fact that the advanced AI...