Bloomberg China will need to spend $2.9 trillion on new aircraft and ground services over the next two decades, according to Boeing Co, which continues to pin hopes on the world’s second-largest economy as its trade dispute with the US rolls on. The estimate, released in Boeing’s annual outlook on China’s commercial aviation market, is 7 percent higher than last …

Bloomberg Thomas Cook Group Plc has filed for Chapter 15 court protection in the US as part of a broader debt restructuring for the UK travel agent. The company’s Chapter 15 petition was filed in the Southern District of New York, court papers show. Law firm Latham & Watkins is representing the company, according to the documents. Chapter 15 of …

Bloomberg Federal Aviation Administration (FAA) chief Steve Dickson plans to visit Boeing Co facilities in Seattle this week to personally assess the status of the 737 Max, which was grounded after two fatal crashes. Dickson, a former executive and pilot at Delta Air Lines Inc. who is qualified to fly the 737, said he intends to perform test runs on …