Bloomberg The German government has earmarked about €40 billion ($43.2 billion) in spending by 2040 for its next-generation fighter jet, part of a European effort to upgrade the region’s defense capabilities. The German-French project, called Future Combat Air System (FCAS), was among discussion points between German Chancellor Olaf Scholz and French President Emmanuel Macron in Paris, said the people, asking …

  Bloomberg Air India Ltd.’s order for as many as 500 aircraft from Airbus SE and Boeing Co. is being held up by an impasse with engine makers powering the 737 Max, dragging out what stands to be one of the biggest single purchases in civil aviation history. CFM International, the General Electric Co. and Safran SA joint venture, is …

  Bloomberg Air travel in China has returned to January 2019 levels ahead of the important Lunar New Year holidays, according to aviation data provider Cirium. Airlines in China are scheduled to operate 99.8% of January 2019’s flights this month, Cirium said, although the recovery has been largely driven by domestic travel. Domestic seating is 9.5% higher than 2019 levels, …