NEW YORK (Reuters) – The world’s largest airline, American Airlines Group Inc, pulled its airfare listings from online travel sites operated by Orbitz Worldwide Inc on Tuesday because the companies failed to agree on terms for a new contract.
American said it also will pull US Airways flights starting Sept. 1, cutting thousands of routes and fares from orbitz.com and cheaptickets.com. The news initially sent Orbitz shares down 8.5 percent. In late afternoon trading in New York, the stock was at $8.00, down 5.1 percent. American shares were down 0.7 percent at $39.13.
By Alwyn Scott
EVERETT Wa. (Reuters) – - Boeing (BA.N: Quote, Profile, Research, Stock Buzz) executives and state political leaders took sledgehammers to a 1960s office block on Wednesday to help clear the way for a factory that will make composite wings for the company’s newest jet, the 777X.
The 1.3-million-square-foot composite wing center at the site of Boeing’s massive aircraft assembly operation should cement the company’s growth in Washington state for decades to come, and reflects Boeing’s desire to bring more of its operations under its own roof. The previous generation of composite wings, used on Boeing’s 787 Dreamliner, are made by Mitsubishi Heavy Industries Ltd (7011.T: Quote, Profile, Research, Stock Buzz) in Nagoya, Japan.
SEATTLE, Aug 8 (Reuters) – At mid-year, Boeing Co is
crushing Airbus in the wide body jetliner market.
Boeing has 273 net orders through July compared with a
negative 27 for Airbus due to cancellations. The tally
underscores the fierce battle between the world’s two largest
plane makers to dominate sales of the lucrative market for wide
body planes, a market Boeing values at $2.5 trillion over the
next 20 years.
NEW YORK (Reuters) – Boeing has pushed some factory work on the 787 Dreamliner to the uncovered tarmac outside its assembly plant in Washington state in an effort to keep churning out the popular plane at a rate of one every three days, according to people with knowledge of the situation.
At the same time, the sources said, at least 16 Italian-made fuselage sections for the 787 have stacked up in a Boeing hangar in Wichita, Kansas, rather than being shipped directly to the factory, a sign of changes in the production process.
NEW YORK (Reuters) – Insurance on the Malaysian airliner brought down over Ukraine is likely to pay out relatively quickly if the cause of the crash is determined, but observers say insurance for the loss of 298 lives and other liability could be complex and lengthy.
Malaysia Airlines said flight MH-17 disappeared at 1015 ET as it flew over eastern Ukraine toward the Russian border, bound for Asia. Flight tracking data indicated it was cruising at 33,000 feet when it lost contact with air traffic controllers, apparently struck by a missile.
NEW YORK (Reuters) – Insurance on the Malaysian airliner brought down over Ukraine on Thursday is likely to pay out relatively quickly, provided that the cause of the crash is firmly determined, but observers say insurance for the loss of 295 lives and other liability will likely be complex and lengthy.
Malaysia Airlines said air traffic controllers lost contact with flight MH-17 at 1415 GMT as it flew over eastern Ukraine toward the Russian border, bound for Asia with 280 passengers and 15 crew aboard. Flight tracking data indicated it was cruising at 33,000 feet when it disappeared, apparently struck by a missile.
NEW YORK (Reuters) – Despite booking billions of dollars in new plane orders at the year’s biggest air show this week, Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) and other aerospace companies approach second-quarter earnings as victims of their own success.
Boeing’s stock soared nearly 80 percent last year, outperforming the Dow Jones Industrial Average and the S&P 500 index. Many suppliers to the world’s biggest plane maker also beat the market.
NEW YORK (Reuters) – The last of six Boeing Co fuselages damaged in a train derailment were expected to be recovered on Tuesday, the railway said, clearing the way for full train service to resume.
But it remained unclear when Boeing’s assessment of the damage to its aircraft parts would be finished.
NEW YORK, July 6 (Reuters) – Boeing Co will easily
recover financially from a 19-car train derailment in Montana
last week that sent three fuselages for its popular 737 jetliner
tumbling down a steep embankment toward a river and damaged
other plane parts, analysts said on Sunday.
The 90-car train was carrying a total of six 737 fuselages
and pieces of Boeing 777 and 747 aircraft from supplier Spirit
Aerosystems in Wichita, Kansas, when it derailed on
Thursday about 18 miles (28.9 km) east of Superior, Montana.
SEATTLE/NEW YORK, July 6 (Reuters) – The U.S. air safety
regulator is drafting rules to permit small drones to be used
for commercial purposes, a step toward allowing remote-control
planes and helicopters to be deployed for everything from TV
news coverage to monitoring crops.
Media companies, energy companies, farmers and other groups
have been pressuring the Federal Aviation Administration to lift
its ban on flying drones, known as unmanned aerial systems
(UAS), for commercial use. Late last month, the agency’s
watchdog said the FAA was likely to miss the Sept. 30, 2015
deadline that Congress set for integrating drones into the