Boeing CEO, removed as chairman, near last chance on 737 MAX

(Bloomberg) – The clock is ticking ever more loudly for Boeing Co. Chief Executive Officer Dennis Muilenburg as the grounding of the 737 MAX hits the seven-month mark. The board removed him as chairman Oct. 11 after the close of the workweek, saying the change would enable Muilenburg to focus on returning Boeing’s best-selling jet […]

France lashes out at Dutch in feud over Air France-KLM holdings

(Bloomberg) — The Netherlands has created an imbalance in the governance of Air France-KLM, a French government representative said, signaling a power struggle between the carrier’s two biggest shareholders remains unresolved. The Dutch government needs to treat the airline like a normal listed company and choose between holding a stake in the group or in the […]

India’s SpiceJet targets cargo unit IPO amid e-commerce boom

(Bloomberg) — Indian budget carrier SpiceJet Ltd. plans to sell shares in its logistics business in an initial public offering, as the rise of e-commerce drives demand for fast shipping across the region. The one-year-old cargo division, known as SpiceXpress, could be listed on a stock exchange within 12 months, SpiceJet Chairman Ajay Singh said […]

British Airways set to enter day two of crippling pilot strike

A pilot strike at British Airways wiped out all but a handful of flights on Monday and is set to continue for a second day in the absence of talks between the union and management over a pay dispute. The unit of IAG SA is preparing to cancel almost all of its Tuesday timetable, amounting […]

UPS to add Sunday pickup, delivery in 2020

United Parcel Service Inc. will begin Sunday pickup and delivery next year, joining competitor FedEx Corp., which announced the move to seven-day service in May. The two largest U.S. couriers are under pressure to speed up deliveries as longtime customer Amazon.com Inc. morphs into a competitor by building out an overnight cargo-airline service, as well […]

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 […]

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 […]