Aviation

  Bloomberg JetBlue Airways Corp is working with consultants to set targets for a new round of cost cuts, even as it prepares to meet surging consumer demand for travel. The airline expects to see “progressive improvement” in its cost performance throughout the rest of this year, following an operational meltdown in April that led to hundreds of flight cancellations …

  Bloomberg A new Australian airline backed by US investment firm 777 Partners pushed back its launch toward year-end, reflecting the difficulties of starting from scratch during Covid-19 and the global supply-chain crunch. Bonza’s first flights will be in the third or fourth quarter of 2022, as much as six months later than originally planned. Nailing down agreements with domestic …

Bloomberg More people are flying in more expensive cabins for leisure trips despite airfares rising on surging oil prices and demand, and that’s helped offset a slower recovery in business travel, according to the International Air Transport Association (IATA). reporters in Singapore. “Consumers had disposable income during the two years of the pandemic. People have saved and therefore they are …

  Bloomberg The black box for a China Eastern Airlines Corp jet that crashed earlier this year suggests the Boeing Co plane took an intentional nosedive, the Wall Street Journal said. Data recovered from the black box suggest that someone in the cockpit input controls that sent the plane into its deadly descent, the Journal reported, citing people familiar with …

  Bloomberg Boeing Co’s biggest airline customer in China has removed more than 100 of the US manufacturer’s 737 Max jets from its fleet plans, citing uncertainty over deliveries. China Southern Airlines Co Chairman Ma Xu Lun said at an investor briefing that Boeing’s updated best-selling aircraft would be excluded from fleet deliveries through 2024. The carrier expects to take …

  Bloomberg The Weststar Group is considering an initial public offering of its helicopter services unit in Kuala Lumpur to raise at least $300 million, according to people with knowledge of the matter. The conglomerate, controlled by Malaysian businessman Syed Azman Syed Ibrahim, has held initial talks with advisers on the listing of Weststar Aviation Services Sdn, which could happen …

  Bloomberg Singapore has resumed work on Changi Airport’s Terminal 5 after the project was halted two years ago as the Covid-19 pandemic wiped out travel. The government will begin to re-mobilise design and engineering consultants to refine the construction of the terminal, Transport Minister S Iswaran said at the Changi Aviation Summit in the city-state. Actual building works are …

  Bloomberg JetBlue Airways Corp made a hostile $3.3 billion cash bid for Spirit Airlines Inc, appealing directly to shareholders in an effort to prevail over a rival offer for the discount carrier by Frontier Group Holdings Inc. The JetBlue proposal is worth $30 a share, $3 less than its initial approach, which was spurned by Spirit’s board two weeks …

  Bloomberg United Airlines Holdings sees even stronger travel demand this summer, with second-quarter passenger revenue increasing as much as 25% over the 2019 level, the airline said. United told investors last month it would return to profitability in the second quarter with the aid of record sales, spurred by strong recovery for summer travel. Chicago-based United also affirmed a …

Bloomberg Ryanair Holdings Plc issued a guardedly optimistic outlook for the vital summer season, cautioning that a strong bookings trend could still be disrupted by a number of factors including Russia’s invasion of Ukraine. Europe’s biggest discount airline reported a narrower loss for the 12 months through March in a statement, while saying only that it’s targeting “reasonable profitability” this …