The African Airlines Association (AFRAA), the umbrella body for African airlines painted a gloomy picture of the continent’s carriers stating that African airlines’ traffic decreased by 59% in June compared to the same month in 2019. AFRAA was established in 1968 in...
Bombardier sold its Aerostructures business to Spirit in a $1.2 billion deal. The transaction calls for $500 million in cash and the assumption of $300 million in net pension liabilities, as well as $290 million in repayment obligations for government grants plus...
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