News
Boeing Ups Forecast For China Plane Demand
Boeing expects China to need more than 5,500 aircraft in the next 20 years, a six percent increase over last year’s two-decade estimate, citing growing demand for single-aisle and small wide body planes as travel w...
Delta Goes For Airbus In USD$5.6 Bln Order
Delta Air Lines announced an order for Airbus jets on Wednesday worth almost USD$6 billion at list prices, softening its reliance on Boeing for the first time in two decades as it looks for bargains. The order, crowning ...
Ryanair Warns Weak Bookings Will Drag On Profits
Ryanair could miss its full-year profit forecast following a dip in bookings, it said on Wednesday, blaming growing competition and a drop in the value of the British pound. Shares in the Irish group, which has routinely...
JetBlue Not Interested In Merger, Acquisition
JetBlue Airways, mentioned as a possible takeover candidate if the proposed merger of US Airways and American Airlines collapses, is not interested in a merger or acquisition, its chief executive said. Speaking at the Re...
Alitalia Hires Bankers To Tackle Cash Crisis
Struggling Italian airline Alitalia has hired boutique investment bank Leonardo to help tackle a liquidity crisis that may see it running out of cash before year’s end. The move is aimed at finding ways to raise mo...
Movenpick Hotels and Resorts opens the First International Five-Star Hotel in Enshi
Mövenpick Hotels & Resorts opens the first international five-star hotel in the Chinese city of Enshi Celebrating its 40th anniversary, Mövenpick Hotels & Resorts opens the first of several hotels in China, in Hubei p...
