The British Airways cabin crew is reported to have entered the second day of a strike launched by 12,000 cabin crew attempting to force Chief Executive Officer Willie Walsh to give away with cuts to pay and staffing levels after saying it made a “good start” at operating on the first day.

Industry analysts have said that a strike by British Airways cabin crews has already cost the airline more than $37 million in business.

First by the airlines cabin crews in 13 years, the three-day strike begun on Friday and disrupted travel for thousands of passengers, especially at England's Heathrow airport, the airline's main hub.

Airbus parent EADS reveals to consider a new bid for an attractive Pentagon contract for mid-air refuelling tankers, however, requires an extended deadline.

Boeing Co. is revealed to have plans to accelerate its production for its 777 and 747 aircraft aimed to back the rebounding customer demand in the recovering airplane market increase.

On Friday, the Canadian National Railway Co. revealed that an arbitrator has managed to decide on wage hikes under a new three-year collective arrangement between the nation's largest railroad and its 1,700 unionized locomotive engineers across Canada.

It is probable that Pentagon may extend the closing date for bids on its air re-fuelling tanker designed for the U. S. Air Force. This was reported by the French news agency, AFP on Friday.

Reports are that the Chief Executive Officer of British Airways, Willie Walsh, is busy talking and negotiating with the Unite union for the second consecutive day, as he looks to ward off a strike by 12,000 members of the cabin crew, which is slated to commence tomorrow.

According to the Wall Street Journal, this week, the U. S. Federal Aviation Administration, for the second time in less than two years, issued its second proposed civil penalty accusing AMR Corp.'s American Airlines of allowing the maintenance failures to happen.

In order to maintain its market share, the nation's largest airline, Air New Zealand Ltd., purposes to lower fares on services to Australia and the Pacific Islands.

The Martin Aircraft Company has recently entered into an agreement with an international aircraft firm to produce Martin Jetpack, a private helicopter, which will now be available commercially.