Aviation

BLOOMBERG Two out-of-production Airbus SE and Boeing Co jet series have become hot commodities, with plane values and monthly lease rates soaring for airlines fortunate enough to procure the aircraft. Used Boeing 737NG and Airbus A320ceo single-aisle models are now valued at about $20 million or more, according to analysts at Ishka, which specialies in aircraft pricing and valuation. The ...

BLOOMBERG American Airlines Group Inc topped Wall Street’s expectations for third-quarter profit even as its forecast for the rest of the year fell short, underscoring the choppy environment as carriers are battered by climbing jet fuel prices. Adjusted full-year earnings will be between $2.25 and $2.50 a share, compared with its earlier outlook for as much as $3.75, American said ...

BLOOMBERG Hong Kong-based Greater Bay Airlines Co plans to expand its route network into mainland China next year, belatedly entering an essential market after the country remained off limits during the Covid pandemic. The carrier, a new entrant to an Asian hub dominated by Cathay Pacific Airways Ltd, will first fly to Shanghai and Beijing, and then gradually to cities ...

BLOOMBERG Finnair Oyj plans to raise as much as €600 million ($632 million) issuing new shares, as the Finnish flag carrier seeks to prop up its balance sheet after its strategy was upended by the closing of Russia’s airspace in the wake of the war in Ukraine. The Finnish state, the carrier’s controlling shareholder, backs the offering and plans to ...

BLOOMBERG British Airways (BA) reached a tentative labour agreement with unionised pilots, removing the threat of a walkout through 2027 as the flagship UK carrier cements a recovery from the Covid-19 era travel slowdown. The agreement in principle builds on pay and working-condition changes made last year, BA said in an emailed statement. Members of the British Airline Pilots’ Association ...

BLOOMBERG Government-imposed changes to the fees Mexican airports can charge will affect all of the companies’ tariffs and not just the charges for airline passengers, according to a person familiar with the matter. President Andres Manuel Lopez Obrador’s administration made changes to the formula that sets price caps for airport tariffs, including the passenger fee known as the TUA, the ...

BLOOMBERG Air France KLM’s plan to buy a stake in troubled Scandinavian carrier SAS AB gives the long-overdue consolidation of European airlines a jolt as more regional operators come under the control of three big groups. The Franco-Dutch carrier said that it will invest as much as $144.5 million for 19.9% of SAS, with the option to take a controlling ...

BLOOMBERG Delta Air Lines Inc says some of its aircraft have flown with engines using improperly documented components, a disclosure indicating the extent to which parts linked to a British distributor have been sold globally. Suspect components were found on only one engine of the planes that were flown, a company spokesman said, declining to quantify exactly how many aircraft ...

BLOOMBERG Thai Airways International Pcl says flights from China have been over 90% full after Southeast Asia’s second-largest economy temporarily relaxed visa rules for visitors. “We have seen significant growth in terms of Chinese traffic into Thailand,” the carrier’s Chief Commercial Officer Korakot Chatasingha told Bloomberg Television. Thailand is banking on Chinese visitors to lead a spending recovery as policy ...

BLOOMBERG China Eastern Airlines Corp ordered 100 C919 single-aisle planes from Commercial Aircraft Corp of China Ltd, dealing a potential blow to Boeing Co, which hasn’t had a large order from Chinese carriers in years. The order is worth $9.9 billion at list prices, but a significant discount has been applied, Shanghai-based China Eastern said in a statement. Airlines typically ...