BLOOMBERG American Airlines Group pilots approved a new contract that would provide 46% in cumulative pay raises and retirement contributions over its four-year term, along with a bonus, improved scheduling, sick leave and insurance benefits. The pact will add about $9.6 billion in incremental costs for the airline over its duration, the Allied Pilots Association said in a statement. That …

BLOOMBERG North Korea’s state airline made its first international trip since the start of the Covid pandemic, in a sign of easing border restrictions that could repatriate its stranded nationals abroad and increase trade with its powerful neighbour. Flight data indicates than an Air Koryo passenger jet flew from Pyongyang to Beijing  on Tuesday, which would be the first such …

NEW DELHI / WAM India will build nine new “greenfield” airports to meet the steep rise in domestic and international air passenger traffic. In addition, 41 existing airports in India are being upgraded with state-of-the-art infrastructure and new facilities at a cost of about $12 billion. The high capital expenditure plan for upgrading existing airports with heavy traffic is being …