business news

Pledge comes as part of $35 million in investment funding acquired by manufacturer.

Company plans to use the $8.4 million facility to develop composite aerostructures of the future.

Company had added to fleet and expanded flights to deal with increased demand over the holidays.

Company said move from NASDAQ exchange was made to reflect its more diverse portfolio.

Tired of waiting to get passenger service off the ground during the pandemic, startup low-cost carrier Flypop has decided to switch gears and debut as a cargo airline. 

Most categories of aircraft enjoyed double-digit percentage growth in deliveries YOY during the first nine months of 2021.

Air Transport Services Group, a diversified air cargo provider, racked up another win in the third quarter of 2021 with record revenues and pre-tax earnings of $81.2 million compared to $5.6 million a year ago. Credit the strong e-commerce demand and an industry shortage of cargo capacity. ATSG, a Wilmington, Ohio-based company, beat analysts’ consensus […]

Bye Aerospace, a leader in the all-electric flight market, raised $19.64 million of Series B venture funding from undisclosed investors last week.

Editor’s Note: This article originally appeared on FreightWaves.com. Ocean shipping giant A.P. Møller – Maersk on Tuesday further expanded into the air freight market with the planned acquisition of German freight forwarder Senator International and investments in new cargo aircraft, including two new factory-direct Boeing 777s. The deal is valued at $644 million and is […]