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Boeing halt on 737 output to add more stress on airlines

Bloomberg Airlines could come under further financial pressure should Boeing Co. go ahead with a production halt of the grounded 737 Max, with any prolonged delays in jet deliveries raising their operating costs. Carriers are paying higher rates to lease planes to make up for the loss in capacity, while delays to their expansion plans are holding back revenue growth, ...

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7 Hong Kong Airlines planes seized after missed payments

Bloomberg Embattled Hong Kong Airlines had seven of its planes seized by the city’s Airport Authority after it failed to make some payments, deepening concerns about the future of a carrier whose financial difficulties nearly cost it its flying license. The seizure was made in accordance to the Airport Authority Ordinance, the government body said in an email on Tuesday, ...

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Harbour Air’s electric aircraft flight heralds fossil-free flight

Bloomberg Vancouver-based Harbour Air just flew an all-electric commercial aircraft—for five minutes. The neon green and indigo blue seaplane took off from the Fraser River in Richmond, British Columbia as a small crowd cheered from the dock. The propeller aircraft, a six-passenger de Havilland DHC-2 Beaver prototype, was powered by a magniX magni500 electric motor and piloted by Harbour Air ...

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