Amazon unveils futuristic helicopter-plane hybrid drone for deliveries

Amazon.com Inc. has unveiled a revolutionary new drone — part helicopter and part science-fiction aircraft — that the company expects to use for test deliveries of toothpaste and other household goods starting within months. The new device takes off vertically, then tilts to fly horizontally like a plane. It also features artificial intelligence, using a suite of […]
  • Bloomberg News
  • June 5, 2019

Air cargo carriers are caught in crossfire of Trump-China trade war

Donald Trump’s intensifying trade war with China dented air cargo traffic even before FedEx Corp. got dragged into the brawl, as companies worldwide reconfigure their supply chains in the face of increasing tariffs. Global cargo demand fell 4.7% in April from a year earlier, according to the International Air Transport Association, equaling a February drop […]
  • Bloomberg News
  • June 3, 2019

Flying taxi startups using European technology to debut in Asia

The world’s first passenger-drone services may debut in Asia -- but the technology behind these flying taxis will be largely European. Volocopter GmbH of Germany said Thursday it will open a landing facility in Singapore later this year for trial flights, while Austria’s FACC AG is working to produce hundreds of passenger drones for Chinese partner EHang Inc.by the […]
  • Bloomberg News
  • May 23, 2019

Google spinoff’s drone delivery business first to get FAA approval [VIDEO]

An offshoot of Alphabet Inc.’s Google has become the first drone operator to receive government approval as an airline, an important step that gives it the legal authority to begin dropping products to actual customers. The subsidiary, Wing Aviation LLC, now has the same certifications that smaller airlines receive from the U.S. Federal Aviation Administration and the Department of […]
  • Bloomberg News
  • April 24, 2019

Brazil’s Bold Privatization Plan Put to Test With Airport Tender

President Jair Bolsonaro’s market friendly agenda faces a key test on Friday with an airport auction that will serve as a gauge of investors’ appetite for the administration’s massive privatization plan. The tender is expected to generate 3.5 billion reais ($910 million) in investments in the next 30 years. That figure includes a minimum initial […]
  • Caryn Livingston
  • March 15, 2019

Crew Recording on Doomed Amazon Jet Reflects `Loss of Control’

Recorded conversations by pilots on a cargo jet carrying packages for Amazon.com Inc. that crashed last month near Houston reveal they began losing control of the aircraft about 18 seconds before it slammed into a shallow bay, investigators said Tuesday. The communications captured on the cockpit sound recorder were “consistent with a loss of control […]
  • Bloomberg News
  • March 5, 2019

U.K. Terror Police Say Explosive Devices Sent to Transport Hubs

Three packages containing improvised explosive devices were mailed to two London airports and a major train station on Tuesday, the Metropolitan Police said in a statement. The Met’s counter-terrorism command is investigating and treating the incidents as linked. The white postal bags each contained small devices, one of which was opened, causing it to ignite, […]
  • Bloomberg News
  • March 5, 2019

Fred Smith gets new heir apparent after shock exit of FedEx COO

FedEx Corp. named a new No. 2 executive after company founder Fred Smith’s top deputy resigned abruptly, just weeks after joining the company’s board of directors. Raj Subramaniam will take over as president and chief operating officer (COO) March 1, replacing David Bronczek, FedEx said in a statement Thursday. Bronczek, 64, made a “personal decision’’ […]
  • Bloomberg News
  • February 14, 2019