Lockheed Martin to Lay Off 1500 Aeronautics Employees
Lockheed Martin on Friday announced that around 1,500 employees across its Aeronautics business area will be let go as part of the company's "affordability" plan.
Final Call: Are Boeing and Airbus Building Too Many Planes?
One leasing company CEO says Boeing and Airbus are unlikely to sell all the planes in their order book, a man is subdued after chanting "Allah akbar" on a plane, Continental's days are numbered, and more...
Korean Air to Add 777-300ER to Seoul-LAX
On October 25, Korean Air will begin operating a 777-300ER thrice-weekly between Seoul, Korea and Los Angeles (LAX). Flights KE11/12 will be the route used for the aircraft, as opposed to the previously intended Seoul-JFK route...
Boeing Forecasts $700 Billion Market for Airliners in North America Over Next Two Decades
Boeing on Thursday forecast that air carriers in the U.S. and Canada will take delivery of about 7,200 new airplanes over the next 20 years at an investment of $700 billion.
Air Lease Corporation Finalizes Order of 60 Boeing 737-800s
Boeing announced on Monday that Air Lease Corporation has completed an agreement to purchase up to 60 new Boeing 737-800 aircraft.