Aviation

BLOOMBERG Germany’s biggest airline would consume half of the country’s entire electricity production to switch its fleet to green fuels like e-kerosene, according to Deutsche Lufthansa AG, underscoring the challenge in reducing emissions from air transport. While synthetic fuels manufactured using renewable energy provided the best future path to decarbonise aviation, there is unlikely to be sufficient green electricity in ...

BLOOMBERG Qantas Airways Ltd’s new boss Vanessa Hudson started work trying to restore the airline’s battered reputation with increased spending on major customer bugbears such as on-board catering, call-centre staffing and loyalty-point flight redemptions. Less than three weeks after taking the helm, the new chief executive officer has been forced to fix stress points that fractured under predecessor Alan Joyce. ...

BLOOMBERG Italy’s competition authority has opened a probe into Ryanair Holdings Plc’s market position in the country, further escalating tensions between the Irish budget carrier and Prime Minister Giorgia Meloni’s government. The authority is investigating Ryanair’s dominant positions in services for tourists, including car rentals and hotel bookings, which the watchdog alleges harm travel agencies and customers, according to a ...

BLOOMBERG Delivery Hero SE confirmed that it’s in talks to sell part of its business in Southeast Asia, where growth has stagnated since Covid-19 lockdowns eased.  The company is in negotiations to sell the Foodpanda brand in Singapore, Malaysia, Philippines, Thailand, Cambodia, Myanmar and Laos, Berlin-based Delivery Hero said in a statement. The negotiations are at an early stage and ...

BLOOMBERG American Airlines Group Inc joined a growing number of carriers around the globe that have discovered improperly certified replacement parts sold by a London-based company on their aircraft. American disclosed the finding to Bloomberg News, hours after US federal aviation regulators issued a warning to airlines and other aviation-industry companies. The carrier didn’t immediately identify the type of parts ...

BLOOMBERG Coty Inc raised its sales outlook for the current fiscal year, citing continued robust demand for higher-end fragrances. The maker of Burberry and Gucci fragrances now sees like-for-like sales growth of 8% to 10% in the fiscal year that started in July. That’s up from the 6% to 8% sales-growth forecast the company gave in August. Sales are expected ...

BLOOMBERG JSX Inc, a small carrier that offers private-jet style travel at close to commercial-jet prices, will cut nearly all of its flights out of Austin after losing access to one of its original operating facilities. Starting from October 1, the carrier will drop as many as three flights a day between Austin and Dallas, according to Ben Kaufman, a ...

BLOOMBERG Akasa Air, India’s newest airline, was forced to thin out its schedule after some pilots left and joined bigger competitors. “In the last thirty days, we have rationalised our network,” Akasa CEO Vinay Dube wrote in an email to employees that was seen by Bloomberg News. “We have chosen to fly less and give up market share in the ...

BLOOMBERG Ocado Group Plc said its online retail joint venture is making some progress, with volumes showing a slight recovery as shoppers hunt around for affordable food. The 50-50 venture between Ocado and Marks & Spencer Group Plc said it recorded a return to positive volume growth in the last month of the third quarter. Average orders per week and ...

BLOOMBERG A Liechtenstein court order has exposed a trove of luxury cars and watches among the items seized by prosecutors investigating allegations of fraud linked to one of the investors aiming to revive India’s Jet Airways. The supreme court in Liechtenstein rejected an appeal to unfreeze the assets that include seven Porsche cars, five Rolex “boxes” and a classic car ...