Aviation

  Bloomberg Administrators for PT Garuda Indonesia have acknowledged claims worth 120.5 trillion rupiah ($8.3 billion) as the beleaguered airline seeks to restructure its debts. Documents posted online showed the biggest claim coming from Airbus SE at more than 7.8 trillion rupiah. Oil company PT Pertamina, which is looking to recover 7.5 trillion rupiah, also featured on the list labeled ...

  Bloomberg Singapore Airlines Ltd will start selling sustainable aviation fuel credits in July, a move that will help travelers mitigate carbon footprints as businesses and governments work to reach net zero emissions by 2050. The city-state’s flag carrier plans to sell 1,000 SAF credits to travelers and freight forwarders, it said in a joint statement with the Civil Aviation ...

  Bloomberg Australia’s Qantas Airways Ltd is appealing to head-office employees to help the airline’s overworked ground handling staff as the pandemic-hit sector struggles to cope with a rebound in air travel. Workers at the headquarters of Sydney-based Qantas and its Melbourne-based low-cost airline Jetstar have been asked to step in and assist during the peak July vacation period, according ...

  Bloomberg JetBlue Airways Corp improved its offer for Spirit Airlines Inc, boosting a breakup provision to $350 million and adding an upfront cash payment days before shareholders will vote on a pending buyout agreement with Frontier Group Holdings Inc. The revised offer increases JetBlue’s reverse breakup fee by $150 million and provides for about $164 million payable as a ...

  Bloomberg Wizz Air Holdings Plc said it will shutter its base in Doncaster, England, beginning from Friday after failing to secure guarantees over commercial terms at the airport, where it’s been flying since October 2020. The Budapest-based discount carrier said it will cancel all Wizz UK operations from the hub, known as Doncaster Sheffield, and that pilots and cabin ...

  Bloomberg Ryanair Holdings Plc is ordering South Africans traveling to the UK to complete a list of questions in Afrikaans to prove their identity — only one of 11 official languages spoken in the country. Europe’s largest low-cost airline imposed the measure to prevent the use of fraudulent passports, the company said in a statement. “If they are unable ...

  Bloomberg PT Garuda Indonesia plans to raise money via a two-stage rights issue, as the indebted airline looks to salvage itself. After the carrier and its creditors come to agreement on its debt, the Indonesian government will inject 7.5 trillion rupiah ($520 million) via a first rights issue, Deputy Minister of State-Owned Enterprises Kartika Wirjoatmodjo told a parliamentary hearing. ...

Bloomberg Frontier Group Holdings Inc sweetened the terms of its takeover offer for Spirit Airlines Inc and won support from a key proxy advisory firm, giving the ultra-discount carrier new momentum as it tries to fend off a rival bid by JetBlue Airways Corp. Frontier agreed to pay $250 million, or $2.23 a share, to Spirit if the deal collapses ...

  Bloomberg Boeing Co won’t launch a new jetliner any time soon to address Airbus SE’s widening sales lead in the narrow-body market, Chief Executive Officer Dave Calhoun said. Prominent customers like Air Lease Corp founder Steven Udvar-Hazy have been calling on Boeing to get moving on the mid-sized aircraft family Calhoun tabled two years ago. But there are no ...

  Bloomberg American Airlines Group Inc expects revenue to balloon well above its original expectations this quarter as consumers swarm back to travel following the pandemic, helping the carrier absorb the impact of higher jet-fuel prices and other expenses. Total revenue will jump by as much as 13% over the same period of 2019, the Fort Worth, Texas-based airline said ...