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Amazon to Use Airbus Cargo Planes for First Time

Amazon.com. Inc. said it is hiring Hawaiian Air HA 9.41% lines to fly its packages on 10 rented Airbus SE EADSY -0.81% jets around the U.S., reducing its reliance on Boeing Co. BA -0.38% planes. The e-commerce giant has a fleet of more than 110 aircraft, mainly Boeing 767s that used to…

U.S.-Based Pensions Rush to Assess Interest-Rate Risk

David Eisenberg got a call this month from a finance official at a U.S.-based multinational company. The executive wanted to know whether the company had derivatives in its retirement portfolio.“We explained that they don’t,” said Mr. Eisenberg, an investment adviser with Buck, a New York-based pension-actuary and human-resources consulting firm. “They were worried that if they were using derivatives they were exposed to risk.”  The U.K. pension blowup has left many U.S. companies pushing…

FAA Pushes Boeing to Review Safety Documents on New 737 MAX Model

Federal air-safety regulators have asked Boeing Co. BA 2.21% to launch a review of its safety paperwork for the 737 MAX 7, another setback for the plane maker’s push to win approval for the jet before a year-end legal deadline. The Federal Aviation Administration is unable to review the company’s submissions “due to missing and incomplete information” related to cockpit crews’ potential reactions to catastrophic hazards, according to an…

U.S. Pushes to Keep B-52 Bombers Going as Pressure From China Grows

The U.S. is pushing to upgrade its 60-year-old fleet of strategic bombers to keep them flying into the second half of the 21st century in an effort to deter potential adversaries such as China and Russia.Air Force officials and military experts have said the refresh of the B-52 bomber—a long-range jet built by Boeing Co. BA 1.08% that can carry large loads of conventional and nuclear weapons—is crucial to providing an effective deterrent. The B-52 revamp could cost $11.8…

Boeing 737 MAX Makes First Commercial Flight in Chinese Skies Since 2019

SINGAPORE—A Boeing Co. BA 1.61% 737 MAX operated by MIAT Mongolian Airlines landed in China on Monday in what industry experts say is the jet’s first commercial flight in Chinese skies since Beijing grounded the plane in 2019. The 737 MAX jet flew to China’s southern city of Guangzhou from Ulaanbaatar, according to flight tracker Flightradar24. Chinese regulators gave MIAT permission to fly the 737 MAX into China in August, a spokesman…

Airlines Face a Shortage of New Boeing, Airbus Jets

Boeing Co. BA 4.67% and Airbus SE EADSY 2.84% are months behind handing over new single-aisle jets often used for U.S. domestic flights or other short-haul trips, constraining carriers’ ability to add flights to meet resurgent demand and plan their schedules, according to company executives and industry officials. “It makes it really hard for our team to plan,” Southwest Airlines Co.…

Boeing to Pay $200 Million to Settle SEC Investigation Related to 737 MAX Crashes

Boeing Co. BA -5.60% agreed to pay $200 million to settle a Securities and Exchange Commission investigation into allegations that the plane maker and its former chief executive made misleading statements about the 737 MAX’s safety risks after two of the jets crashed.Dennis Muilenburg, Boeing’s former CEO, agreed to pay $1 million to settle the SEC’s claims, the agency said on Thursday. Both the company and Mr. Muilenburg resolved the investigation without admitting or…

Kittyhawk, Google Co-Founder Larry Page’s Air Taxi Startup, Is Winding Down

Kittyhawk, a startup backed by Google co-founder Larry Page that was working on developing air taxis, said it is winding down its business. “We’re still working on the details of what’s next,” the company said Wednesday in a two-sentence post on LinkedIn. The company didn’t immediately respond to a request for comment. Google didn’t immediately respond for a request for comment on behalf of Mr. Page, who sits on the board of Google’s parent company…

Big Ocean Shipping Lines Turn to Planes as Supply-Chain Snarls Deepen

For the giants of ocean trade, big ships aren’t enough anymore; they need planes, too. The pandemic, which accelerated the shift toward online shopping, followed by post-lockdown demand and now the war in Ukraine, scrambled the intricate ballet that shipping companies rely on both at sea and in port to deliver goods on time. Port congestion has forced ships to wait at anchor for weeks. A lack of workers to load and unload ships has further slowed deliveries. Empty containers have piled up in places with…

McDonald’s CEO Raises Crime Concerns for Business in Chicago

McDonald’s MCD 0.55% Corp. Chief Executive Officer Chris Kempczinski said the burger giant is grappling with violent crime, homelessness and drug overdoses in its Chicago restaurants, and called on city and business leaders to find ways to address the problems. Crime is having a corrosive effect on Chicago, where McDonald’s is working to bring corporate employees back to its headquarters after the Covid-19 pandemic, Mr. Kempczinski said…