Aviation

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 ...

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 ...

  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 That means cover is withdrawn on existing policies, and insurers are forbidden from ...

Bloomberg Qantas Airways Ltd flagged a period of higher air fares to claw back rising fuel costs as Russia’s invasion of Ukraine sends oil prices soaring. “The group is very well placed to be able to recover the cost of fuel if it stays at the levels that it is at the moment,” Qantas Chief Financial Officer Vanessa Hudson said ...

  Bloomberg In late January, staff of Cathay Pacific Airways Ltd were invited to an online meeting with senior management. It was supposed to be a debrief on the airline’s financial performance, but when the floor was opened to questions, the first was whether Hong Kong’s flag carrier would be taken over by its state-owned shareholder Air China Ltd. Clearly ...

Bloomberg Airlines are seeing prospects for a strong profit rebound from two years of coronavirus turmoil rapidly slip away after the price of oil reached $125 a barrel. An oil shock triggered by Russia’s war in Ukraine is the latest blow to carriers that have already had to cancel flights and reroute long-haul journeys to avoid shuttered airspace. The price ...

  Bloomberg Kenya Airways Plc said Russia’s invasion of Ukraine will result in airlines increasing ticket prices after crude oil surged, while uncertainty may reduce demand for travel. “We have started seeing many of the airlines taking action on this to ensure that they are able to keep on flying,” Commercial Director Julius Thairu said in an interview. The war ...

  Bloomberg International sanctions triggered by the invasion of Ukraine are poised to derail a Russian effort to challenge Airbus SE and Boeing Co in single-aisle jets. Irkut Corp’s MC-21 jetliner, set to enter service this year, had already been hit by delays and cost overruns due to pre-existing sanctions. The plane, which features composite wings and is designed to ...

  Bloomberg Ethiopian Airlines signed a memorandum of understanding to purchase five of Boeing Co’s newest air-cargo haulers, the 777-8 freighter, the airline said in an emailed statement. Africa’s largest aviation group is the second customer to announce a commitment for the freighter version of the 777X. Chicago-based Boeing seeks to bring the 777-8 freighter to market by 2027, about ...

  Bloomberg Russia will halt some international flights to keep billions of dollars’ worth of aircraft from being taken back by their foreign owners, deepening a rupture in the global aviation industry triggered by the invasion of Ukraine. The government’s move will give Aeroflot and other Russian carriers cover to hold on to hundreds of Airbus SE and Boeing Co ...