Bloomberg Bombardier Inc. is on track to overcome delays in shipments of engines for its brand-new C Series jetliner by the end of next year, according to the head of the company’s commercial aircraft unit. “It’s going to take mostly through 2017 to get right back on track,” Fred Cromer, Bombardier’s commercial aircraft president, told reporters Monday in Mirabel, …

  Bloomberg Ask a harried air traveler about the basics of modern flight, and you’ll probably elicit surprise when they discover commercial airplanes fly only as fast as they did in the 1950s. Given the range of aerospace advances in the past half-century, plus the technological leaps in almost every other area of human endeavor, it seems reasonable to ask: …

  Karachi / AFP Pakistan’s national flag carrier said it has raised $130 million in fresh financing from a banking consortium, as the airline staggers under the weight of earlier loans totalling more than $3 billion. Pakistan International Airlines (PIA) said in a statement the financing facility was arranged by Pakistan’s United Bank Limited (UBL) and Credit Suisse Singapore as …