The competing aircraft manufacturers Boeing and Airbus rely on a lot of the same companies to get them everything from wings to warning lights. With a record number of orders for new airplanes, that could be a problem.
This week, Boeing delivers its first Dreamliner 787 to Japan. The company sank as much as $20 billion into developing the aircraft. Now it has to sell a lot of planes to earn that back.
Congress is about to provide stopgap funding for the FAA — and fight about it again later. Meantime, the FAA subsidizes rural airlines to the tune of millions. But fewer people are using them.
New federal rules prevent long tarmac delays, give extra compensation if fliers are bumped off flights and force airlines to clearly disclose all those extra fees
General Motors today reported its profit nearly doubled in the 2nd quarter thanks to higher prices on its cars and trucks. Analysts believe GM
may have made a permanent turn from its unprofitable days of the past.