In a bid to attract more bids, the Union Cabinet of the Government of India, has allowed up to 49% Foreign Direct Investment in the national carrier Air India which is up for disinvestment. In a release the Government said “It has now been decided to do away with this restriction and allow foreign airlines to invest up to 49% …

American airframer Boeing has set a new record for number of aircraft delivered in a year by surpassing it’s 2015 record of 762 deliveries by one. The company also grew it’s order backlog to a record 5,864 aircraft. The order backlog which equates to around seven years of production was spurred by a 35% increase in 737 orders from 550 …