airline industry

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Airlines Plead Guilty of Price Fixing

British Airways and Korean Air socked with $300M fines in ongoing investigation

(Newser) - British Airways and Korean Air have agreed to plead guilty and pay $300 million each in criminal fines for engaging in massive conspiracies to fix the prices of passenger and cargo flights for the past six years, the US Justice Department said yesterday. BA will pony up another $247million fine...

Plane in Brazil Crash Had Brake Problems

Demand for answers, heat on absent president grow

(Newser) - The Airbus A320 that crashed at the Sao Paulo airport Tuesday was flying with part of its braking equipment disabled, the manufacturer said today, as pressure on the government escalated. Flying without one of the aircraft's two thrust reversers is legal, but the revelation suggests the slick, short runway probably...

Officials Demand Sao Paulo Airport Shutdown

Authorities blame airplane crash on poor runway conditions

(Newser) - In the wake of Tuesday's catastrophic plane crash, Brazilian officials are calling for the closure of Sao Paulo's Congonhas airport pending a review of safety conditions, the BBC reports. The Tam Airlines Airbus 320 landing in heavy rain skidded off a wet runway that was resurfaced last month and had...

Singapore Airlines Sends Airbus Skyward

Huge order of planes puts Airbus ahead of rival Boeing

(Newser) - With a $3.78 billion order from Singapore Airlines as the Paris Air Show wrapped up today, Airbus regained the lead over archrival Boeing, Bloomberg reports. The carrier ordered 20 new A350s from the world's largest maker of commericial aircraft, bringing the total of the company's record number of firm...

Airbus, Boeing Cross Wings at Air Show

Top aircraft manufacturers ride high as industry rebounds

(Newser) - Rival aircraft producers Airbus and Boeing landed a slew of new orders at a gigantic air show that began today outside Paris. The biennial air show, the largest in the world, takes place as the airline industry begins to turn around; after two years of losses, profits this year are...

2007 Paris Air Show Is This Week
2007 Paris Air Show Is This Week
Jun 17, 2007 9:24 AM CDT

2007 Paris Air Show Is This Week

(Newser) - The 99-year old Paris Air Show, the air industry's largest trade show, starts this week. Over the years every major flying machine, including the Space Shuttle, has appeared at the show. This year the battle for attention is between Airbus' double-decker  A380 (and its little sister the A350) and Boeing's...

New Airlines Fly on a Wing and $10
New Airlines Fly on a Wing and $10
May 21, 2007 6:49 PM CDT

New Airlines Fly on a Wing and $10

Bargain-basement US carriers prepare to rock the industry

(Newser) - Frequent fliers will soon be reminiscing about the small luxuries a $200 airline ticket bought: like free Diet Coke. A new wave of start-up airlines is selling ultra-affordable flights as low as $10. But prepare to plunk down for seat assignments, checked baggage—and even peanuts.

JetBlue Bumps CEO From Top Spot
JetBlue
Bumps CEO
From Top Spot
May 10, 2007 10:46 AM CDT

JetBlue Bumps CEO From Top Spot

Board ousts founder of discount airline, promotes president

(Newser) - JetBlue's maverick founder and CEO is out of the top job, the company announced this morning. David Neeleman, who led the carrier during February's service breakdowns—which left passengers stranded on the tarmac for hours and cost the airline tens of millions of dollars—will assume "a more strategic...

Delta Flies Out of Bankruptcy
Delta Flies Out of Bankruptcy
Apr 30, 2007 11:28 AM CDT

Delta Flies Out of Bankruptcy

(Newser) - Delta has emerged from bankruptcy, riding an aggressive restructuring plan to exit Chapter 11 a year ahead of schedule. The No. 3 domestic airline, which staved off a hostile takeover bid from US Airways this year, used court-enforced protections to secure cuts to wages and pension programs as it shored...

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