TOULOUSE / Reuters Turboprop maker ATR has completed commercial negotiations with IranAir for the sale of at least 20 aircraft and expects to be able to sign a contract very soon, the head of the Franco-Italian aircraft maker said. The deal will come after Iran, which had not directly purchased a Western-built plane in nearly 40 years, signed contracts ...

  Bloomberg Cathay Pacific Airways Ltd. shares dropped the most in three months after the carrier’s planned business revamp fell short on details, failing to soothe investor concerns over a slide in earnings. Changes at Asia’s biggest international airline “will start at the top” and the carrier will eliminate some positions as part of a review, with key changes taking ...

  Bloomberg American Airlines Group Inc. followed United Continental Holdings Inc. in announcing no-frills tickets that limit carry-on bags to those that fit under a seat, bolstering efforts to compete with fast-growing fare discounters. The new basic-economy tickets will go on sale Feb. 10 in select domestic markets, and the first flights will begin soon after, the Fort Worth, Texas-based ...