Toyota makes new $394 million bet on flying taxis

Business Jan 16, 2020

Toyota makes new $394 million bet on flying taxis

Toyota Motor Co. is investing $394 million (¥43.3 billion) in Joby Aviation, one of a handful of companies working toward the seemingly implausible goal of making electric air taxis that shuttle people over gridlocked highways and city streets. Toyota is the lead investor in Joby's ...

China's bid to challenge Boeing and Airbus failing to take off

Business Jan 10, 2020

China's bid to challenge Boeing and Airbus failing to take off

Development of China's C919 single-aisle plane, already at least five years behind schedule, is going even slower than expected, a dozen people familiar with the program said as the state-owned Commercial Aircraft Corp. struggles with technical issues that have severely restricted test flights. Delays are ...

JetBlue takes steps to become carbon-neutral airline

Business Jan 7, 2020

JetBlue takes steps to become carbon-neutral airline

JetBlue Airways Corp. said it will become the first large U.S. airline to offset emissions from all of its domestic flights, aiming to become carbon neutral by July as pressure grows on the industry from climate change activists. The carrier also will begin using sustainable ...