Boeing Stock Tanks | Airliner Receives No New Orders In April
Boeing stock tanked over the weekend. The company (NYSE:BA) reported it received no new orders for planes in April and the news is the last thing investors need.
On Friday’s close, shares sold …
WestJet To Be Bought By Onex Corp In $5 Billion Deal, Stocks Surge!
Announced today, private equity and credit investor and manager, Onex Corp. has signed a deal to buy Canada’s WestJet Airlines (TSX:WJA) (OTC:WJAFF). The company is paying out $5 billion for the airline and will also …
Boeing Stock Declines As Company Admits It Knew of Max 737 Issue
Boeing stock is on the decline for an understandable reason; Boeing (NYSE:BA) admitted that, for over a year, it knew a problem existed with its Max 737 jets. Since the revelation was made, shares have …
Bombardier Plunges Nearly 20% After Slashing 2019 Forecasts
Bombardier Inc. (TSX:BBD.B) plunged on Thursday after the Canadian aerospace and transportation company said it cut its full-year profit forecast. The Montreal-based company said it slashed its full-year revenue forecast as well. On the news, …
WOW Air Shuts Down, Leaves Thousands of Passengers Stranded
Icelandic budget airline WOW Air abruptly ceased operations and canceled all of its flights Thursday, leaving thousands of passengers stranded around the world.
The airline added a travel alert on their website that …
Airbus Signs Multimillion Dollar Deal with China: 300 Jets on the Way
Sky’s the limit for Airbus (OTC:EADSF). China has agreed to buy a total of 300 passenger jets from the European aircraft maker. The news spells disaster for US rival Boeing (NYSE:BA), which is already dealing …
Canada Bans Boeing 737 MAX 8 Jet from Flying in its Airspace
Canada is grounding all of its Boeing 737 Max 8 aircraft and is banning the jet from entering its airspace until further notice. This news follows the tragic event that took place in Ethiopia earlier …
Boeing 737 Max 8: More Questions Asked After Another Jet Crashes
Tragic news from Ethiopia yesterday has led to further queries over Boeing’s (NYSE:BA) latest fleet of 737 Max 8 jets. The second incident in only several months, another jet has crashed, killing all 157 passengers …
Airbus Ends Production of ‘Superjumbo’ A380 and Releases 2018 Results
Airbus SE (OTC:EADSY) is pulling the plug on the production of its ‘Superjumbo’ A380 fleet. This morning, the European aircraft maker announced that Emirates has reduced its order book of the aircraft, Emirates being the …
Government Shutdown: Delta Air Lines Faces Financial Loss
According to the CEO of Delta Air Lines (NYSE:DAL), Ed Bastian, the US Government shutdown is costing the airliner $25 million in revenue this month.
Another victim of the US government shutdown, the …