GE aviation head to retire, Embraer executive to take helm
General Electric Co said on Monday David Joyce, the chief executive of the company’s aviation unit, would retire after 40 years with the industrial conglomerate,...
Embraer swaps commercial aviation chief after failed Boeing deal
Brazilian planemaker Embraer SA said on Monday it was replacing the head of its commercial aviation unit after a planned deal to have Boeing Co...
Wall Street set to drop at open after spike in new virus cases
Wall Street was set to drop sharply at the open on Monday as a recent jump in coronavirus cases in China and parts of the...
GE aviation head David Joyce to retire
General Electric Co said on Monday David Joyce, the chief executive of the company’s aviation unit, would retire after 40 years with the industrial conglomerate....
Delta has received approval from Shanghai government to resume flights
Delta Air Lines has received approval from the Shanghai government to resume flights from June 18, a company spokeswoman said on Monday, paving the way...
United Airlines secures $5 billion loan backed by loyalty program
United Airlines said on Monday it is securing a $5 billion loan backed by its MileagePlus loyalty program, bringing potential total liquidity to $17 billion,...
Revenue at airline Avianca falls 51% through early June on coronavirus
Passenger revenue at Latin America’s No. 2 airline, Avianca Holdings , has fallen 51% for the year as of early June compared with a year...
Walmart partners with Shopify to expand online marketplace business
Walmart Inc said on Monday it has partnered with e-commerce firm Shopify Inc , as it looks to expand its online marketplace business and cash...
Intesa, BPER revise terms to try to clear antitrust hurdles to UBI deal
Italy’s Intesa Sanpaolo has agreed to sell more branches and assets to rival BPER to try to overcome antitrust objections to its proposed takeover of...
Volkswagen expects very bad second-quarter, positive 2020 adjusted operating profit
Volkswagen expects a very bad second quarter, but also sees a positive adjusted operating profit before special items for 2020, Chief Financial Officer Frank Witter...