Bloomberg American Airlines Group Inc. will add more seats to some of its single-aisle jetliners as part of an effort to boost sales by $1.4 billion in the next four years. It’s also targeting $1 billion in cost savings. The carrier’s Boeing Co. 737-800 jets will be revamped to fit 12 more passengers while the Airbus SE A321 planes will ...

Bloomberg Southwest Airlines Co. said third-quarter sales will take a $100 million blow from this year’s devastating hurricanes and earthquakes. About 5,000 flights had been canceled through Wednesday because of the natural disasters, the carrier said in a statement. Southwest also pared its outlook for revenue from each seat flown a mile, saying the benchmark gauge would be little changed ...

Bloomberg Bombardier Inc. remains confident that it will win orders for its C Series jetliner this year, even after losing a ruling in a trade battle with Boeing Co. that essentially shuts off the US market. “We’re working opportunities in many, many continents,” Colin Bole, senior vice president for sales at the Montreal-based company’s commercial aircraft unit, said. “I’m still ...

Bloomberg JetBlue Airways Corp. has been talking about the first full revamp of its workhorse jetliner for a long time. This fall, almost 18 years since the popular low-cost carrier arrived at airports, it’s finally going to happen, and while there are plenty of bells and whistles to get you oohing and ahhing, there’s a little surprise that may leave ...

Bloomberg Pakistan’s burgeoning youth and their freewheeling attitude towards rising incomes have turned the nation into the world’s fastest growing retail market. The market is predicted to expand 8.2 percent per annum through 2016-2021 as disposable income has doubled since 2010, according to Euromonitor International. The size of the middle class is estimated to surpass that of the UK and ...

DUBAI / Emirates Business The unprecedented growth of the infrastructure sector across the GCC over the past six decades has been one of the most significant achievements of the region as top Emirati firms have been selected for outstanding contributions to GCC’s infrastructure growth. Guided by the ambitious national visions set by the leadership of each GCC state, the world ...

DUBAI / WAM The Ministry of Finance (MoF) published Cabinet Decision No. (37) of 2017 on the Executive Regulation of the Federal Decree-Law No. (7) of 2017 on Excise Tax, as well as Cabinet Decision No. (38) of 2017 on Excise Goods, Excise Tax Rates and the Method of Calculating the Excise Price, the latter of which will add 50 ...

ABU DHABI / Emirates Business The strength and role of Abu Dhabi Global Market (ADGM) as a strategic hub for aircraft financing and leasing has been endorsed and corroborated by PwC in the newly published Aviation Comparative Jurisdiction Report (the ‘Aviation Report’). ADGM, the International Financial Centre in Abu Dhabi, worked with PwC to analyse the wide and expanding Double ...

ABU DHABI / WAM The Masdar Institute of Science and Technology’s Sustainable Bioenergy Research Consortium (SBRC), a non-profit entity supported by Etihad Airways, Boeing, Takreer, Safran and General Electric on Saturday announced that its flagship project, the Seawater Energy and Agriculture System (SEAS), has reached a critical milestone in the development of sustainable aviation biofuels through the first harvest of ...

Fujairah / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has offered his condolences to the family of Emirati martyr Captain Pilot Khalid Mohammad Al Shehi, whose aircraft crashed due to technical failure while he was performing his national duties as part of the Saudi-led ...