Bloomberg Airport services and flights across Germany are likely to be affected on Monday after a union called for an all-day walkout over a pay dispute for security personnel. The Verdi union said it’s calling for protest action at Berlin-Brandenburg Airport by security staff working in passenger screening, and personnel and goods control. The walkout is part of nationwide ...
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Russian official deepens $10b puzzle over leased aircraft
Bloomberg Off-the-cuff remarks made by a Russian air-safety official, quickly disavowed by the nation’s industry watchdog, have added to the uncertainty over the fate of some $10 billion in foreign-owned aircraft being held in the country. Valery Kudinov, who heads airworthiness maintenance at Russia’s Federal Air Transport Agency, outlined what appeared to be a plan taking shape for the ...
Read More »United to let unvaccinated employees return to jobs
Bloomberg United Airlines Holdings Inc will allow 2,200 unvaccinated employees to return to their jobs this month, saying there are signs that the Covid-19 pandemic is “beginning to meaningfully recede.†Workers who were granted religious or medical exemptions and put on unpaid leave can resume working on March 28, Kirk Limacher, United’s vice president of human resources, said in ...
Read More »US airlines likely to recover surge in fuel costs from customers
Bloomberg US airlines will likely recover a surge in fuel costs from customers amid a robust desire for travel, according to the president of Sun Country Airlines Holdings Inc. The industry “takes time†to pass along pricier fuel into higher airfares but will do so in the coming months by reducing the amount of flying available, Dave Davis said. ...
Read More »Aviation fuel scarcity to disrupt Nigerian flights
Bloomberg Airlines in Africa’s largest economy warned of possible flight disruptions in the coming days because of a scarcity of aviation fuel. “Unfortunately the fuel scarcity is starting to seriously impact our operations,†Air Peace, one of Nigeria’s biggest carriers, said in a statement. “We are likely to experience flight disruptions today and in the coming days until the ...
Read More »Logan Airport sees lingering lull in travel
Bloomberg Air traffic is picking back up, but Boston Logan International Airport remains at only about 80% of its prepandemic volume, and business travel is especially slow to return, said the chief of the Massachusetts Port Authority. Normally, Logan’s traffic is about 60% leisure and 40% business, Massport Chief Executive Officer Lisa Wieland told Bloomberg Radio. These days, it’s ...
Read More »Cathay burns cash again as Covid restrictions bite
Bloomberg Cathay Pacific Airways Ltd is once more burning through cash as Hong Kong’s spiraling Covid-19 outbreak reduces the airline’s flying to a trickle. The carrier will go through between HK$1 billion ($128 million) and HK$1.5 billion every month “until conditions improve,†CEO Augustus Tang said. It’s a swift and bleak reversal for the city’s marquee airline. Tang said in his ...
Read More »India to restart its int’l flights after two years
Bloomberg India will resume scheduled international flights after two years from March 27 and end air-bubble arrangements, the aviation regulator said. The move may spell a further boost for Indian carriers, which are adding back capacity as more people take to the skies with Covid-19 infections receding and vaccination cover increasing. Falling infections have paved the way for relaxations in ...
Read More »Russia roils plane-backed bonds by keeping $10 billion of aircraft
Bloomberg Russia’s decision to block foreign owners from seizing hundreds of planes worth about $10 billion is roiling a market where aircraft leases are bundled into bonds and sold to investors. European Union sanctions imposed on Russia because of its Ukraine invasion give plane owners until March 28 to retrieve the vehicles. But only a handful have been extracted, and ...
Read More »UK ratchets up its Russia sanctions with ban on jets
Bloomberg The UK ratcheted up its sanctions against Vladimir Putin’s administration by banning all Russian aircraft from landing and overflying Britain, and prohibiting aviation and space-related exports. The aviation export ban covers technology and components as well as insurance and reinsurance products, the Foreign Office said. That means cover is withdrawn on existing policies, and insurers are forbidden from ...
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