Boeing projects $770 billion market for new airplanes in Asia-Pacific.

Boeing detailed its 2005 Current Market Outlook (CMO) for the Asia-Pacific region, forecasting a market for about 7,200 new airplanes worth $770 billion over the next 20 years. Over the forecast period, Asia-Pacific will remain the largest market outside North America for new commercial airplanes. With the continued high rate of growth for Asia-Pacific air […]

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Northwest Airlines reaches agreement on temporary labor cost savings with pilots and flight attendants

Northwest Airlines reached interim labor cost savings agreements with the Air Lines Pilots Association (ALPA) and the Professional Flight Attendants Association (PFAA). The ALPA Master Executive Council agreed to temporary pay and other reductions of $215 million on an annualized basis and PFAA leaders agreed to cuts of $117 million. The ALPA agreement is subject

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