Boeing Co. is under mounting pressure from airlines eager for an improved version of its biggest twin-engine jet as Airbus SAS makes inroads in the wide- body market with a model available years earlier.
Malaysian airline entrepreneur Tony Fernandes says he has two adopted homes. There’s London, where he owns the Queens Park Rangers soccer club and the Caterham Formula One auto-racing team based in nearby Oxfordshire. And there’s Jakarta, a thriving, congested Southeast Asian megacity in the world’s fourth-most-populous nation.
Ethiopian Airlines Enterprise, sub- Saharan Africa’s second-biggest carrier, said it’s planning to add a hub in the Democratic Republic of Congo to secure transfer traffic amid growing competition from Middle Eastern operators.
The days of bland economy-class food are numbered, with Europe’s full-service carriers dishing up gourmet menus reminiscent of the golden age of air travel as they look for ways to squeeze more revenue out of passengers.
Airline executives are set to spend more on orders for the latest wide-body planes from Airbus SAS and Boeing Co. as consolidation and cost cuts give them more reason for optimism for a rebound in earnings this year.