Boeing announced today that it would take a pre-tax charge against third-quarter financial results of approximately $1 billion “due to increased production costs and the difficult market conditions” associated with the 747-8 program. Rather than flying three prototypes of the model’s cargo version by the end of this year, as program head Mo Yahyavi [...]

Pilots from European airlines held an “action day” yesterday at 22 airports across the continent and various sites in Brussels, including the European Parliament and European Commission, protesting EU flight/duty-time rules that they claim are “potentially dangerous.”

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Midwest Airlines pilots and flight attendants likely will find themselves out of work when the carrier, acquired over the summer by Republic Airways Holdings, begins to return its nine remaining 717s to Boeing next month.

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Japan Airlines likely won’t reach an accord with a potential foreign investor until after it and the Japanese government settle on a firm restructuring plan for the carrier, according to multiple media reports.

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