FAA Suspends Operations of Crashed Cargo Plane Operator

The Federal Aviation Administration said it suspended operations of an airline whose cargo plane crashed into the ocean earlier this month, following an investigation into the airline’s parent company. Two pilots flying a Boeing Co. BA -1.49% 737-200 cargo plane for Transair

Virgin Galactic Gets FAA Approval to Fly Customers to Space

Richard Branson’s Virgin Galactic Holdings Inc. SPCE 15.29% said Friday the Federal Aviation Administration will allow it to fly customers to space. Shares of Virgin Galactic rose more than 15% in early-morning trading. Shares are up 164% so far this year. Virgin