News of New York

Major Airbus Order Surpasses Boeing: Stock Dips Explained
2 July 2024
2965
The $24 Billion Deal In the competitive landscape of aviation, Airbus recently landed a substantial order for new jets, a development that surprisingly didn’t bolster its stock. This Tuesday, Cebu Pacific, a Philippine airline, announced its p...
United Airlines Unearths Counterfeit Engine Components Across its Fleet
19 September 2023
4424
Aviation's Alarming Scandal In a shocking turn of events, a scandal involving counterfeit engine parts has sent shockwaves through the aviation industry. Several major airlines, including industry giants like United Airlines, Southwest Airlines, and...
Foreign airlines will cut flights in the US due to installation of 5G towers at airports
19 January 2022
4023
5G airports in the United States Airlines from India and Japan are reducing flights to the United States due to concerns over the deployment of 5G connectivity infrastructure near US airports. "Due to the deployment of...
Spirit Airlines and Boeing shares rise on pre-market
15 June 2021
4118
New York Stock Exchange premarket Shares in Boeing (NYSE:BA) are up 0.5% following the US and EU decision to end a 17-year dispute over aircraft subsidies for Boeing and its rival Airbus. Biogen (NASDAQ: BIIB) shares were down 0.3% following a fail...
EU and U.S. agree to end trade dispute between Boeing and Airbus
15 June 2021
4207
Boeing and Airbus dispute The European Union and the U.S. have reached an agreement to end a long-running trade dispute over Boeing and Airbus that has resulted in more than $10 billion in reciprocal customs duties...
Boeing reported huge losses
28 January 2021
2948
The company's loss Boeing ended 2020 with a sharp rise in losses due to a $6.5 billion write-off of losses due to its delayed 777X wide-body programme. The EU lifted its ban on 737 MAX flights, following the US, Canada and Brazil. Bo...
The U.S. imposes new duties on wine from France and Germany from 12 January
4 January 2021
3296
Duties on spirits US President Donald Trump's administration has announced that it will impose new duties of 25% on wine and spirits from France and Germany, starting on 12 January. This includes the first time duties w...
Boeing received new cancellations of orders for the 737 MAX in November
10 December 2020
3219
No orders Boeing stocks declined after the company reported another cancellation of 737 MAX flights in November, as well as no orders for the 787 Dreamliner at all. Following the cancellation of the order for the 737 MAX FAA, Boeing delivered t...
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