Cathay Pacific, one of the leading airlines in Asia, faced a severe crisis during the COVID-19 pandemic. The airline’s recovery was hampered by Hong Kong’s tight border restrictions, which reduced its passenger traffic to a trickle. However, the airline is hopeful of turning things around and achieving its first annual profit in two years. As
Stable demand for business jets combined with high backlogs at major OEMs and relatively low preowned inventory “should enable the industry to weather any potential economic downturns in the foreseeable future,” business jet financier Global Jet Capital (GJC) said in its third-quarter Business Aviation Market Brief. “Within the business jet industry, flight operations were down compared
Boeing will soon fly the third F-15EX Eagle II development aircraft for the U.S. Air Force, having rolled out the fighter from its St. Louis factory in August. That event occurred more than two years since the first two F-15EXs went to the U.S. Air Force in early 2021 to begin testing. While Boeing attributed
