The International Air Transport Association on Monday further downgraded its 2011 airline industry profit forecast to $4 billion, which would represent a 78 percent drop compared to last year.
A Malaysia Airlines 777-200ER traveling from Amsterdam to Kuala Lumpur crashed in the Ukraine on Thursday after a presumed surface-to-air missile strike.
Oman Air and Boeing announced Monday at the Dubai Airshow that the airline had purchased order rights for six 787-8 Dreamliner aircraft from the leasing company ALAFCO.