aircraft

Eric Kulisch Tuesday, March 1, 2022

Biden bans Russian aircraft from US airspace

The United States is closing its airspace to all Russian aircraft as punishment for invading Ukraine, President Joe Biden said in his State of the Union address to the nation Tuesday night. “I am announcing that we will join our allies in closing off American airspace to all Russian flights — further isolating Russia — […]

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Eric Kulisch Friday, November 1, 2019

American Airlines predicts cash buildup as costly fleet renewal subsides

American Airlines [NYSE: AAL] won’t have to make any major fleet decisions for at least six years after completing a $30 billion, multiyear modernization program, positioning American to significantly increase free cash flow and returns to shareholders, according to company executives. Since 2013, the Dallas-based airline has replaced nearly 500 aircraft and now has about […]

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