According to British firm GlobalData, the reported insurance claim will more than triple the annual premium for the aviation industry in India in 2023.
President Donald Trump and British Prime Minister Keir Starmer signed a bilateral trade agreement Monday at the G7 Summit, formally reducing tariffs on select sectors while leaving critical steel and aluminum import quotas undetermined.
Even as its troubles refuse to die down, aviation giant Boeing Co. remains optimistic about the future and continues to bet on a surge in global air travel over the next two decades.
Honeywell and Southwest Airlines have partnered to increase runway safety by activating Honeywell's SmartRunway and SmartLanding software on Southwest's entire Boeing 737 fleet.
The planemaker expects passenger traffic to grow at a rate of 4.2% annually, more than doubling in size as it continues to outpace global economic growth.
The weekend was filled with significant developments in the business world, from a plane crash to concerns over the ISS. Here's a recap of the top stories.
Shares of Lockheed Martin, RTX, and other defense companies rose after Israel struck over 100 targets in Iran, while travel stocks fell on concerns around the rising cost of crude oil.
Starting June 15, Air India will be required to perform pre-departure inspections focused on multiple critical systems on all Boeing 787-8 and 787-9 aircraft equipped with GE Aerospace’s Genx engines.
The Boeing Co. (NYSE: BA) Air Force One replacement program remains years behind schedule and billions over budget as workforce challenges and design complications continue plaguing production, forcing President Trump to acquire a $400 million backup aircraft from Qatar.
