US private equity firm Bain Capital is the new owner of Virgin Australia, with the largest group of creditors voting in favour of the $3.5 billion sale on Friday. Key points: Virgin Australia's $3.5 billion sale to Bain Capital had been expected to pass with the backing of key unions and the Virgin Group The airline will no longer be …
The Federal Aviation Administration is ordering emergency inspections of about 2,000 Boeing 737 airplanes because of a possible engine valve problem that could lead to engine failure. The FAA's emergency airworthiness directive orders inspections of older 737 Classic and Next Generation planes that may have been in storage as a result of sharply reduced air travel demand during the COVID-19 …
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