Aviation

Bloomberg Expedia Group Chief Executive Officer Peter Kern believes that 2023 will be the year that we stop predicting a travel recovery and actually start enjoying it. But before then, he forecasts something bolder: “Summer 2022 will be the busiest travel season ever,” he tells Bloomberg, speaking over Zoom in Wyoming. “We’ve been talking about pent-up demand for a long ...

  Bloomberg Cathay Pacific Airways Ltd is to require all passengers flying to mainland China from Hong Kong to present a negative Covid-19 test result within 48 hours of departure, according to a statement. The move is a “precautionary measure to reduce the risk of exposure” for passengers and Cathay employees, and will start on February 23, the Hong Kong-based ...

Bloomberg Embraer SA’s board approved a pause in development of the slow-selling E175-E2 jetliner for another three years, further delaying the aircraft’s market debut. The Brazilian planemaker plans to resume work following the hiatus, targeting an entry into service between 2027 and 2028, Embraer said. The 80-seat aircraft is the smallest of a three-jet family manufactured by Embraer that target ...

  Bloomberg As flying electric taxis and hydrogen fuel take center stage at the Singapore Airshow, Boeing Co’s plan to clean up aviation is far less revolutionary. Rather than banking on new technology and different propulsion systems, the Chicago-based company is pushing a solution that will limit disruption to its mainstay plane-making business: Run the aircraft on sustainable aviation fuel. ...

  Bloomberg IndiGo co-founder Rakesh Gangwal resigned from the company’s board and plans to pare his stake over five years, according to a statement by the airline. Earlier this month, Rahul Bhatia, the billionaire co-founder of IndiGo, took on a newly-created executive position of managing director at the company. Gangwal had accused Bhatia of corporate governance lapses. The founders were ...

Bloomberg The wealthy Long Island resort of East Hampton is delaying the planned closing of its airport until May 17 after the Federal Aviation Administration (FAA) warned of flaws in the New York town’s efforts to reduce noise from air traffic. The town’s board had voted last month to shut the airport at the end of February and reopen it ...

  Bloomberg Air France-KLM plans to cautiously ramp up capacity in coming months as the latest coronavirus wave fades, while exploring new ways to raise funds to pay back a government pandemic bailout. The struggling carrier forecast network capacity of 73% to 78% of 2019 levels during the first three months of this year, according to a statement. That would ...

  Bloomberg Australian airline Rex laid out ambitious plans to increase the number of jets taking on Qantas Airways Ltd on the country’s busiest routes, saying the worst of the fallout from the pandemic appears to be over. Regional Express Holdings Ltd, as the airline is officially called, last year started a domestic business flying popular legs including Melbourne-Sydney and ...

  Bloomberg AerCap Holdings NV, the world’s largest aircraft leasing firm, is “very optimistic” people will travel in large numbers once borders open up and believes that will apply equally to Southeast Asia, which is currently lagging the rest of the world, according to Chief Executive Officer Gus Kelly. Travel in the US is already back to around 80% of ...

  Bloomberg Cathay Pacific Airways Ltd expects to continue operating at about 2% of pre-pandemic passenger capacity as long as Hong Kong, battling a rapidly worsening Covid-19 outbreak, keeps virus restrictions in place. Hong Kong’s main airline, which relies solely on international travel, carried 24,699 passengers in January, down 99.2% from the same month in 2019, prior to the pandemic. ...