Aviation

BLOOMBERG Onex Corp is seeking $750 million for a new fund dedicated to transportation investments, people familiar with the matter said, a test of its ability to raise money in a tough climate for private equity. The Toronto-based firm has hired eight people for the fund, led by Wes Dick, a former senior executive at aircraft leasing firm BBAM LLC. ...

BLOOMBERG Boeing Co delivered 60 jets in June, including 49 of its best-selling 737 models, beating analyst expectations even as it contended with a strike at a key supplier and manufacturing defects. The tally boosted the US planemaker’s total handovers for the second quarter to 136 jets, 12% more than a year earlier. Analysts had expected Boeing to deliver about ...

BLOOMBERG In the run-up to the (almost but not quite) four-day weekend over July 4, US air travel set a new record. The Transportation Security Administration said it screened nearly 2.9 million fliers on June 30, the highest daily count  in the agency’s history. Flying in the US has rebounded from its Covid-19 lows. And if global expectations hold true, ...

BLOOMBERG EasyJet Plc cancelled almost 2,000 flights this summer from its London Gatwick hub citing air traffic control disruptions, an indicator that airlines are preemptively scrapping flights to limit travel chaos. Europe’s second largest budget carrier scrapped 1,700 flights that were due to operate in July, August and September, which will affect around 180,000 passengers. That amounts to less than ...

BLOOMBERG Portugal hired Ernst & Young (EY) and Banco Finantia SA to carry out valuations of TAP SA as part of a plan to sell a stake in the state-owned airline. No details about timing were included in the emailed press release from Portuguese state holding company Parpublica. Finance Minister Fernando Medina had said that the decree that starts TAP’s ...

BLOOMBERG Air France-KLM said it may be forced to adjust operations after the Dutch government won permission to curtail capacity at Amsterdam Schiphol, the main airport for the KLM subsidiary. The number of flights at Schiphol airport can be scaled back between the end of the year and October 2024, an appeals court ruled, revoking an earlier decision by a ...

BLOOMBERG London’s Gatwick Airport Ltd is seeking planning permission to bring its second runway into full-time use, potentially raising capacity by tens of millions of passengers annually as air travel rebounds post-pandemic. The UK’s second-largest airport wants to open the strip, currently used as a taxiway or as an emergency measure when the main runway is out of service, for ...

BLOOMBERG Mexico’s Grupo Viva Aerobus SAB signed a preliminary order for 90 Airbus SE A321 jets as the carrier looks to expand its international and domestic operations. The European planemaker said that the so-called memorandum of understanding would bring Viva’s order book to 170 A320 family aircraft. Separately, jet engine maker Pratt & Whitney said that the new aircraft would ...

BLOOMBERG JetBlue Airways Corp is ending a legal fight to keep its regional alliance with American Airlines Group Inc in an attempt to win regulatory support for its acquisition of Spirit Airlines Inc. JetBlue said that it won’t appeal a federal court finding that its Northeast Alliance violates antitrust laws and will wind down the venture with American “over the ...

BLOOMBERG Passengers on cash-strapped SpiceJet Ltd are experiencing the most flight disruptions in India, the world’s fastest-growing aviation market. With the busy summer travel season arriving, only 61% of SpiceJet’s flights departed on time from the country’s four biggest airports — Mumbai, Delhi, Bengaluru and Hyderabad — in May, according to the Directorate General of Civil Aviation. That’s down from ...