Aviation

  Bloomberg SpiceJet Ltd delivered on its chairman’s word and posted a surprise profit after making losses for seven straight quarters as ebbing Covid-19 cases paved the way for a relaxation in movement curbs and boosted domestic air travel. India’s third-largest budget airline posted a net income of 232.8 million rupees ($3.1 million) in the three months ended on December ...

  Bloomberg Flying from Japan’s Osaka station to Kansai International Airport could take just 15 minutes based on plans laid out by flying-taxi startup Joby Aviation Inc. and the country’s biggest airline. Joby and ANA Holdings Inc will work together to bring aerial ridesharing to Japan for the first time, according to a statement. Toyota Motor Corp will join the ...

  Bloomberg Boeing Co, which has almost doubled its capacity to turn passenger jets into freighters since the pandemic began, is considering adding even more as demand for air cargo extends into 2022. “There could be additional lines in the Asia region,” Ted Colbert, head of Boeing’s global services division, said during an interview with Bloomberg at the Singapore Airshow ...

  Bloomberg A Philippine airline that holds the record for cramming the most seats into a plane is set to do it again with a new Airbus SE jet. Cebu Air Inc, the biggest carrier in the Southeast Asian nation, plans to configure its newest and upcoming A321 XLR aircraft with the highest seat-density possible, doubling down on a strategy ...

  Bloomberg Boeing Co said it’s not racing to resume deliveries of its 787 Dreamliner as the company played down the risk that customers waiting for the jet might switch to rival planemaker Airbus SE. Stan Deal, president and chief executive officer of Boeing Commercial Airplanes, said the company is in talks with all the affected airlines and indicated he ...

Bloomberg Airline stocks recorded their first back-to back weekly gains gain since early October, potentially marking the beginning of a long-overdue recovery, amid growing signs that a reopening of the economy is gaining pace. The S&P Supercomposite Airlines Industry Index closed up 6.1%, after a 3% gain, as investors continue to shun higher-risk growth stocks given expectations for aggressive interest-rate ...

  Bloomberg Aerojet Rocketdyne Inc’s chairman and three directors asked a judge to block the CEO and her allies on the board from using company resources in a fight for control of the rocket-engine maker. A lawsuit revealed long-simmering tensions between Chairman Warren Lichtenstein and Chief Executive Officer Eileen Drake who are at the heart of a proxy battle launched ...

  Bloomberg Singapore Airlines Ltd has resumed recruitment of cabin crew, ending a hiring freeze over the past two years as the Covid-19 pandemic decimated air travel around the world, Channel News Asia reported. The resumption of hiring for cabin crew comes as travel to and from the city-state recovers and countries around the world ease travel restrictions following an ...

  Bloomberg Hong Kong reported another record number of coronavirus cases, as well as two more deaths, with the worsening outbreak straining health-care resources and ramping up pressure on the government’s steadfast push for Covid Zero. Authorities announced 1,325 infections on Friday, alongside more than 1,500 preliminary positive cases. That’s up from just 614 on Monday. The city said it ...

  Bloomberg London’s Gatwick Airport will reopen its second terminal as easing Covid-19 restrictions give airlines confidence to add flights amid a budding travel rebound. The south terminal, mothballed nearly two years ago to cut costs, will help meet expected strong demand this summer, Gatwick said in an emailed statement. It will open on March 27, three weeks before Easter, ...