Aviation

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, ...

  Bloomberg Ryanair Holdings Plc has seen a “dramatic recovery” in bookings over the past two weeks as the easing of pandemic travel curbs across Europe encourages people to fly again. The Irish low-cost carrier’s planes are flying about 75% full and could reach 90% of capacity by the peak of the summer high season, Chief Executive Officer Michael O’Leary ...

  Bloomberg Frontier Group Holdings Inc.’s planned $2.9 billion purchase of Spirit Airlines Inc., positions Bill Franke, the self-proclaimed father of ultradiscounting, to expand his global network of carriers that offer bargain-basement fares while maintaining a laser focus on low costs. The deal comes as the industry’s recovery from the Covid-19 pandemic leans on domestic markets and leisure travelers —the ...

  Bloomberg US safety regulators have received more than 100 pilot reports of possible inteference from 5G wireless signals —including three near Chicago O’Hare International Airport — since the new mobile phone service began. The reports of anomalies on aircraft devices known as radar altimeters are being reviewed by the Federal Aviation Administration, said three people familiar with the matter ...

  Bloomberg The head of Japan’s biggest airline has urged the government to ease its strict border controls, which have effectively shut the nation to foreigners, saying they are hurting the economy and the aviation industry. “There are various problems happening with the situation that foreigners can’t enter Japan,” Yuji Hirako, the president of All Nippon Airways Co. said in ...

  Bloomberg Akasa, a new Indian airline backed by billionaire Rakesh Jhunjhunwala, plans to offer stock options to attract staff, using a lure more often deployed by technology startups in its bid to gain a foothold in one of the world’s most competitive air-travel markets. The carrier, which is preparing to start flying in late May, is taking the unusual ...