Aviation

  Bloomberg Urban-Air Port, a UK startup that’s developing hubs for flying taxis, is closing in on 20 million pounds ($25.4 million) in funding after attracting two new equity investors. Canadian services firm Dymond Group will invest in the infrastructure business while a European real-estate operator is also planning to back the company, founder and Executive Chairman Ricky Sandhu said. ...

Bloomberg Distressed flag carrier PT Garuda Indonesia plans to undertake a rights issue to raise additional capital and will invite strategic investors to take part as it attempts to revive its ailing business. The airline expects to launch the equity issue after the Indonesian government makes good upon its plan to inject the carrier with fresh funds, Finance Director Prasetio ...

  Bloomberg New Yorkers looking to fly into the East Hampton Airport this summer will still be able to — but there will be fewer flights, and it’ll be costly. Blade Air Mobility Inc expects 60% of its typical volume to be diverted to neighbouring towns of Montauk, Southampton and Sag Harbor, according to the New York-based company. That’s because ...

 Bloomberg More people are looking to travel to Singapore as the city-state eases virus rules. Travel-related searches on Google for the island destination have jumped, particularly from neighboring Malaysia, as well as Indonesia, India and Australia, according to data tracked by economists at Maybank Investment Bank Bhd. Singapore has led other Southeast Asian nations in scrapping pandemic travel curbs after ...

Bloomberg US airlines are facing a pilot shortage that’s complicating efforts to ramp up flights, forcing them to step up training programs, recruit foreign pilots and even replace planes with buses. The industry needs to hire an average of 14,500 new pilots each year until 2030, according to federal labour statistics. But carriers say there’s no way they can bring ...

  Bloomberg A lawyer for US Airways told jurors that Sabre Holdings Corp cost it $299.3 million in overcharges and lost profits, at the start of an antitrust trial in Manhattan. US Airways sued Sabre in 2011 claiming it charged inflated fees for its computerized reservation services, avoided competing over prices and blocked competitors from entering the market. The airline ...

  Bloomberg American Airlines Group Inc and United Airlines Holdings Inc said some Boeing Co aircraft won’t arrive until 2023 or 2024 amid lingering uncertainty over when the planemaker will be allowed to resume deliveries of its 787 Dreamliner. The issue has already prompted American to reduce, delay or suspend some planned international routes, a setback for the carrier as ...

  Bloomberg Poland’s simmering industrial dispute over working conditions for air traffic control staff threatens to disrupt more than 600 flights a day if a deal can’t be reached, Europe’s airspace-management body warned. Capacity for services to Warsaw could be cut to just 170 a day if the situation worsens, leaving around 340 at risk of cancellation, while 300 of ...

Bloomberg American Airlines Group Inc surged, leading an industry rally after saying that corporate and international flying are coming back and that it will be profitable this quarter. The upbeat outlook came as American reported that first-quarter revenue rebounded to 84% of pre-pandemic levels as offices reopened and travel restrictions were lifted across the globe. Sales this quarter will exceed ...

  Bloomberg India will finalise the sale of state-owned helicopter service provider Pawan Hans Ltd and has received bids from companies including JSW Steel Ltd and Jindal Steel & Power Ltd, according to people with the knowledge of the matter. A group of officials headed by Cabinet Secretary Rajiv Gauba was expected to meet to pick the winning bid, the ...