Latest news on ‘Aerospace’
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Northrop Not Bidding for $35 Billion Tanker Program
(Bloomberg) -Northrop Grumman Corp. decided not to bid for the U.S. Air Force’s $35 billion tanker program, making good on a threat to withdraw from the contest unless the government [...]
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Virgin Wants Tougher Demands for Rivals’ Alliance
By KAVERI NITHTHYANANTHAN
LONDON – Virgin Atlantic Monday called on the European Commission to force British Airways PLC and AMR Corp.’s American Airlines to give up far more than U.S. regulators [...] -
Airlines’ Punctuality Improved in 2009
By SUSAN CAREY
Several airlines grabbed bragging rights for their on-time performances for all of 2009 after the government Friday released its Air Travel Consumer Report for December. But some conveniently [...] -
Airline stocks mostly up
DALLAS (AP) – Shares of the leading U.S. airlines were mostly higher in midday trading Monday as the broader market wavered.
The Amex airlines index was recently up 1.5 percent, with [...] -
BofA’s Lewis Faces Squeeze by Cuomo Over Role in Credit Crunch
By David Mildenberg and Karen Freifeld
(Bloomberg) – Kenneth D. Lewis, who presided over two bailouts at Bank of America Corp., now stands as the only chief among the biggest U.S. [...] -
FAA proposes $2.5 million penalty against Eagle
David Koenig, DALLAS (AP) – Federal regulators are proposing a penalty of nearly $2.5 million against a sister carrier of American Airlines for not making sure crews had accurate information [...]
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BofA loses $5.2B in 4Q as it repays bailout
By Ieva M. Augstum (AP) – Bank of America Corp. said Wednesday it lost $5.2 billion during the final three months of 2009 as consumers struggled to make mortgage and [...]
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JAL restructuring plan under state-backed fund
TOKYO (Reuters) – Japan Airlines Corp has filed for bankruptcy and will be restructured with the help of a state-backed turnaround fund, the Enterprise Turnaround Initiative Corp of Japan (ETIC).
DEALS [...] -
Airline stocks rise as oil falls below $80
By Christopher Hinton (MarketWatch)
-Airlines stocks were up Wednesday morning as benchmark oil prices fell below $80 a barrel. At last check, the NYSE Arca Airline Index (XAL 35.79, +0.93, +2.67%) [...] -
Lockheed Martin to cut 1,200 jobs
BETHESDA, Md. (AP) — Defense contractor Lockheed Martin said Wednesday it plans to cut 1,200 jobs to lower costs as it combines two units.
The cuts amount to less than 1 [...]

