According to sources familiar with the matter at hand, Allegiant Air is set to place an order for 50 Boeing 737 MAX jets worth $5 billion at list prices, as the air carrier seeks to ride on the boom of… Read More ›
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Saudi Arabian Airlines to order 70 new airlines from Airbus and Boeing
According to Saudi Arabian news outlet Maaal, Saudi Arabian Airlines (Saudia) plans on ordering 70 airliners from Airbus and Boeing. The report states, Saudia is negotiating with local banks to raise $3.07 billion (11.5 billion riyals) to partly finance an… Read More ›
U.S. ban on sourcing of cotton and other textiles from Xinjiang will impact global major clothing brands
According to a report from the New York Times late on Monday, the United States is weighing a potential ban on some or all products made with cotton from China’s Xinjiang region which Beijing is housing minority Muslims in modern… Read More ›
Trump invokes Defense Production Act to stop export of N95 masks
U.S. President Donald Trump has signed an order directing his administration to stop the export of N-95 face masks and other personal protective equipment which are essential in keeping the Wuhan Coronavirus at bay, from being exported to other countries…. Read More ›
Japan sets up COVID-19 HQ, preparatory steps to declare state of emergency: Kyodo news agency
On Thursday, the Japanese government said, it is setting up a special headquarters for the Wuhan coronavirus, which could be activated as early as this afternoon, as it preps up efforts to fight the virus which has gone pandemic. Japan’s… Read More ›
Indigo places jet engine order worth $20 billion with CFM International
The development sees Indigo moving away from Pratt & Whitney engines to CFM’s 1LEAP-1A engines. IndiGo, India’s biggest airline stated, it has placed a $20 billion order for jet engines from CFM International. The development is significant since it marks… Read More ›
Azerbaijan’s AZAL airline cancels $1 billion contract for Boeing 737 MAX
AZAL was to purchase 10 737 MAX aircraft – the same model which was involved in the recent crashes in Indonesia and Ethiopia. According to a spokesman for Azerbaijan’s AZAL, an airline operator, the company has canceled a $1… Read More ›
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