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Boeing skips annual jetliner price hike

  Bloomberg Boeing Co. skipped raising airplane prices for the first time in seven years as it contends with demand cooled by economic uncertainty, cheap oil and a glut of twin-aisle aircraft. The US planemaker typically adjusts its catalog prices for commercial aircraft once a year to reflect an internal formula that takes into account increases in the costs of ...

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AirAsia to sell leasing arm to cut debt

  Bloomberg AirAsia Bhd. expects to sell its aircraft-leasing unit as early as December as the largest customer for Airbus Group SE’s single-aisle jets aims to net as much as $1 billion from the transaction and pare debt. Proceeds from the sale may be used to reduce debt or pay a dividend, Group Chief Executive Officer Tony Fernandes said in ...

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Southwest reaches pact on pilot contract

  Bloomberg Southwest Airlines Co. and its pilots union agreed on the basics of a contract that will increase pilot pay and retirement benefits and enable the carrier to enter international marketing agreements and fly the latest model of the Boeing Co. 737. Final wording on the contract terms is expected to be negotiated by the end of this week, ...

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