Aviation

Bloomberg Wanted: Hundreds of people to sit in a plane for 20 hours. Must be willing to pay lots of money. Claustrophobes needn’t apply. Conceived prior to the Covid crisis, Qantas Airways Ltd’s plan to operate the world’s longest nonstop commercial flights from southeast Australia to New York and London is being resurrected in a much-changed aviation landscape, with global ...

  Bloomberg A lawyer for American Airlines Group Inc urged a jury to award the carrier almost $300 million in overcharges and lost profits, arguing that Sabre Holdings Corp illegally dominated the market for booking airline tickets. “There’s one company in this travel business that doesn’t compete,” Paul Yetter told the jurors at the end of a three-week federal trial ...

Bloomberg Colombia’s Avianca Group International Ltd and Brazil’s Gol Linhas Aereas Inteligentes SA will unite under a common ownership structure, creating what they say will be one of the largest airline groups in Latin America. The airlines’ principal shareholders agreed to form Abra Group Ltd, a closely held company incorporated in the UK, the carriers said. While the airlines will ...

Bloomberg The European Union is relaxing its guidance for mask wearing on flights starting next week even as many airlines have already abandoned those rules with Covid-19 concerns easing. Wearing face masks at airports and inflight should be aligned with national measures, the European Union Aviation Safety Agency said in a protocol. If either the departure or destination states require ...

Bloomberg Rolls-Royce Holdings Plc said renewed coronavirus restrictions in China are holding back crucial service revenue from its jetliner engines even as markets begin to recover elsewhere. Over the first four months of 2022, flying hours, which determine revenue-generating maintenance visits, were 42% higher than the prior year, London-based Rolls-Royce said. “Passenger demand is recovering on routes where travel restrictions ...

  Bloomberg A Tibet Airlines plane burst into flames after veering off the runway during takeoff at China’s Chongqing Airport, footage on social media showed. The front portion of the Airbus A319 aircraft was engulfed in flames and enveloped by thick black smoke. Passengers carrying bags and other items were seen on the tarmac running away from the burning jet. ...

  Bloomberg Boeing Co would consider selling stock to repair its balance sheet if its battered shares recover and the company hits milestones like finally restarting 787 Dreamliner deliveries, Chief Financial Officer Brian West said. “All options are on the table,” West told a Goldman Sachs Group Inc conference. While a prominent customer has publicly questioned the company’s strategic vision ...

  Bloomberg Boeing Co said customers for its much delayed 777X jet are standing by orders for the wide-body model even after it was revealed that the program has slipped five years behind schedule. While Boeing has held talks to update buyers, feedback so far has stopped short of moves to walk away from the 777X, Darren Hulst, the manufacturer’s ...

  Bloomberg Saudi Arabian discount airline Flynas agreed so-called sale-leaseback deals that will fund the purchase of 14 Airbus SE narrow-body jets. The accords with leasing firms CDB Aviation, CMB Financial Leasing and Avolon Holdings Ltd cover part of a Flynas order for 120 Airbus A320neo aircraft, the carrier said in a statement. It said the planes have a value ...

Bloomberg Europe’s biggest airlines are growing increasingly confident that the easing of coronavirus restrictions will kick off a summer boom as a surge in bookings spurs them to lift capacity. Deutsche Lufthansa AG and Air France-KLM are less certain about prospects going deeper into the year, with the German company saying that fuel prices are tough to predict and that ...