Korean Air doubled its net profit in 2022 thanks to the recovery of passenger traffic in Southeast Asia, Oceania, and Japan. However, cargo generated lower revenues due to the slowdown of the global economy, the airline reported on February 1.…
As we outlined earlier, the deferred prosecution agreement that was hammered out between the Department of Justice and Boeing in 2021 has been re-opened by a Federal judge in Texas because the victims were not represented in that agreement. The…
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ZeroAvia has successfully performed the first flight of its Dornier Do-228 test aircraft, with one engine powered by an electric motor using electricity from the hydrogen fuel cell system. The flight took place out of Cotswold Airport in Gloucestershire earlier…
Boeing has been awarded a contract by NASA to develop and build a demonstrator aircraft for the Transonic Truss-Braced Wing (TTBW) concept. The X-plane demonstrator should be ready for flight tests in 2028 and could pave the way for a new…
United Airlines reports a $737 million net profit for 2022, a significant improvement over the $-1.964 billion loss for 2021. The fourth quarter saw good margins but was impacted by storm Elliott. United Airlines: $737 million net profit in 2022.…