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US Treasury To Release $2.9 Billion To Rescue Pandemic Damaged Airline Industry

Apr 21, 2020 06:48 PM EDT

On Monday, the U.S. Treasury Department said it had allocated $2.9 billion in preliminary compensation aid to 54 minor passenger carriers and two large commercial airlines, while finalizing grant deals with six other major carriers.

An American Airlines jet lands at O'Hare International Airport on September 19, 2014 in Chicago, Illinois.

US Awards American Airlines Los Angeles-Beijing Route; Delta Air Lines 'Disappointed'

Charissa Echavez |

Nov 09, 2016 02:40 AM EST

American Airlines snatched a coveted Los Angeles to Beijing route on Monday after the US Transportation Department proposed to award the Texas-based company with the new schedule over its rival Delta Air Lines.

Aircraft are seen at the Beijing Capital International Airport on November 23, 2015 in Beijing, China.

China Now Welcomes Private Capital for Civilian Airport Market

Charissa Echavez |

Oct 31, 2016 06:18 AM EDT

China's civilian airport market has now been made fully accessible to private capital after the national aviation authority issued on Sunday sweeping rights-granting guidelines, official media reported.

Boeing to Launch New 737 Completion, Delivery Center in China

Charissa Echavez |

Oct 30, 2016 09:37 PM EDT

Boeing announced on Friday it will set up a completion facility and delivery center for its on-demand 737 jetliners in Zhoushan City of east China's Zhejiang Province.

An aerial view of the Lester B. Pearson airport as photographed from an airplane on August 28, 2012 in Toronto, Canada.

China-UK Flights to Increase 150% Following Deal

Charissa Echavez |

Oct 12, 2016 01:45 AM EDT

Flights between China and the United Kingdom are poised to more than double after the two nations agreed to increase the number of operations to 150 percent.

Boeing Holds First Test Flight For 737 MAX Aircraft

China's Donghai Airlines to Purchase 30 Boeing Airplanes for $4 Billion

Charissa Echavez |

Jul 12, 2016 03:49 PM EDT

China's Donghai Airlines has announced that it plans to purchase 30 Boeing aircraft worth over $4 billion at list prices, the plane manufacturer said on Monday.

China Airlines to start selling tickets without free baggage allowance

China Airlines to Sell Tickets Without Free Checked Lugagge Allowance

Charissa Echavez |

May 25, 2016 07:37 AM EDT

China Airlines announced on Tuesday that it will start selling Taoyuan-Tokyo tickets with no free checked baggage allowance.

Boeing Co. plans to cut up to 8,000 jobs as plane sales battle toughens

Boeing to Cut 8,000 Commercial Plane Jobs to Remain Competitive, Sources Reveal

Charissa Echavez |

Mar 31, 2016 08:32 AM EDT

Boeing Co. is reportedly planning to slash up to 8,000 jobs in its commercial plane section, according to two sources, a move that could cut a $1 billion cost and help against its sales battle with Europe's Airbus.

Hainan Airlines posted 15.88 percent net profit increase last year.

Hainan Airlines' Net Profit Jumps 15.88 Percent in 2015

Charissa Echavez |

Mar 26, 2016 05:09 AM EDT

China's fourth biggest carrier reported on Thursday a 15.88 percent year-on-year net profit increase in 2015 amid a highly competitive airline industry.

Shanghai Hongqiao International Airport, China

More Flight Disruptions In China As Military Conducts Drills In Southeast Coast

Christl Leong |

Jul 30, 2014 01:01 PM EDT

More than 150 flights were cancelled and an additional 428 were delayed in China's airports Tuesday owing to restricted airspace as the country conducted its military live-fire drills over its southeast coast.