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Boeing Reports $11.8 Billion Loss for 2024 Despite Growing Backlog

Boeing has reported a challenging financial year for 2024, with a 14% drop in revenue to $66.5 billion and a net loss of $11.8 billion. In the fourth quarter, the company faced a 31% revenue decline to $15.2 billion, accompanied by a net loss of $3.86 billion.

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Middle East Airlines to Launch Beirut-Barcelona Seasonal Flights

Middle East Airlines (MEA), Lebanon’s national carrier, has announced plans to launch seasonal service between Beirut and Barcelona, starting June 26, 2025. The flights will be operated with the airline’s Airbus A320 aircraft, providing enhanced connectivity between the Middle East and Spain.

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Korean Air Introduces A350 Scheduled Service

Korean Air has launched its first scheduled service with the Airbus A350, operating on routes between Seoul Incheon International Airport and the Japanese cities of Fukuoka and Osaka Kansai. The service is available from January 27, 2025, to March 29, 2025, marking a significant milestone in the airline’s fleet operations.

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CAA Bangladesh Enforces License Renewal Freeze for Airlines With Outstanding Dues

The Civil Aviation Authority of Bangladesh (CAA) has announced stringent measures to recover outstanding dues from airlines, with a total of $639.4 million owed by six domestic carriers. Among the defaulters are three airlines that ceased operations several years ago, as well as active carriers, with Biman Bangladesh Airlines holding the largest share of the debt.