Korean Air Lines Co. agreed to buy five Boeing Co. 747-8 passenger planes as part of a planned $3.6 billion purchase of wide-body aircraft, giving a sales boost to a jumbo jet whose output is being cut due to weak demand.
Boeing Co. said its stretched 787 Dreamliner promises to match sales of the smallest variant, boosting the plane’s order tally as much as 60 percent, as it expanded its wide-body lineup to blunt an Airbus SAS challenge.
LOT Polish Airlines SA’s plan to shrink operations and slash costs with the help of state aid should be eased by a law change allowing an end to government control, Chief Executive Officer Sebastian Mikosz said.
Air Incheon Co., South Korea’s first cargo-only airline, plans to start services this year to smaller cities in China, where Samsung Electronics Co. and Apple Inc. assemblers are increasingly locating their factories.
Korean Air Lines Co. pledged to hold its stake in Ceske Aerolinie AS for five years, while CSA’s majority owner will refrain from making “significant” changes in its strategy, according to terms of this week’s sale.
Air India Ltd., the carrier which pays more interest on its debt than any publicly traded Asian airline, plans to borrow $300 million from overseas to repay costlier rupee obligations, according to a company official.