Aviation

Bloomberg Ethiopian Airlines Group carried out its first official flight with Boeing Co.’s 737 Max since a deadly crash in March 2019 that triggered a global grounding of the jet. The three-year-old plane took off from the Ethiopian capital of Addis Ababa at 9:18 a.m. GMT on Tuesday and was in the air for about four hours before returning, tracking ...

  Bloomberg Airlines that aren’t currently hedging their fuel bills are set to lose a “shedload” of money as a result of high oil prices, the head of Ryanair Holdings Plc. Brent crude is trading near $91 a barrel as surging global consumption pushes prices to a seven-year high. That’s problematic for fuel-consuming industries like airlines, where oil can make ...

Bloomberg Boeing Co dropped as the planemaker recorded $5.5 billion in total costs for the 787 Dreamliner, wiping away any near-term profit for the marquee wide-body jet. The charges also overshadowed some rare good news. The aviation titan surprised Wall Street by generating cash for the first time since early 2019: $494 million in free cash flow in the fourth ...

  Bloomberg Cathay Pacific Airways Ltd. is considering hiring options to combat an exodus of pilots from Hong Kong, senior executives said at a town hall, according to a person who attended the meeting. The carrier’s top management, including chief operations and service delivery officer Greg Hughes, told staff that an initial spike in pilot resignations last November had remained ...

  Bloomberg Jazeera Airways’s board approved a deal to purchase of 28 narrow-body planes from Airbus SE as the Kuwaiti carrier expands its network to include long-haul routes. The value of the agreement is $3.4 billion and comprises 20 A320neos and eight A321neos, according to a statement. The companies had signed the pact at the Dubai Airshow in November. Jazeera, ...

  Bloomberg Airbus SE said it will make a flying-taxi model available for sale only when the technology is mature, despite rival designs racking up hundreds of conditional orders at a similar stage of development. The CityAirbus NextGen, unveiled last September following a revamp to an earlier blueprint, will fly by the end of next year once remaining technical challenges ...

  Bloomberg Philippine Airlines Inc. President Gilbert Santa Maria is stepping down from his role in the carrier, the Philippine Star reported Sunday, citing unnamed people in the industry. The board of directors of the airline, majority owned by billionaire Lucio Tan, is set to meet Monday, and Santa Maria’s departure is on the agenda, the Star reported. A Philippine ...

  Bloomberg Two years into the pandemic and the airline industry remains on standby for the return of business travelers. Expectations that expense account-wielding road warriors would follow on the heels of leisure travelers have yet to materialize, and the outlook remains hazy with the spread of the latest coronavirus variant. That’s kept carriers’ profits in check and raised questions ...

  Bloomberg EasyJet Plc will pour capacity into the UK this summer as easing travel curbs boost demand and make the country a key battleground for airlines emerging from two years of Covid-19 disruption. Bookings in Britain are surging, according to the Luton, England-based carrier, which plans to lift seating to near normal levels by the summer, meeting the challenge ...

  Bloomberg Air India Ltd. is seeking to end a case filed by Devas Multimedia Pvt in a US court, arguing a recent change in ownership of the carrier prevents demands over recovery of arbitration awards. Devas demands $1.2 billion from the Indian government after winning three international arbitration awards over a scrapped telecommunications deal with a state-run firm. The ...