Bloomberg US aviation regulators say they’ve made progress reducing the risk of flight disruptions from new 5G service that’s set to start January 19, but are still releasing scores of potential limitations across the country. The Federal Aviation Administration expects to provide information soon on what percentage of aircraft will be subject to the restrictions, the agency said in ...
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Singapore Air sells $600 million bond at discount to peers
Bloomberg Singapore Airlines Ltd became the first carrier to tap the debt market for dollars in 2022, raising funds at a discount to peers thanks to its government backing. The flag carrier sold $600 million of seven-year bonds to yield 3.493%. That’s nearly a percentage point lower than the average yield at issuance for global airline notes sold in ...
Read More »Cathay Pacific to comply with probes on Omicron outbreak
Bloomberg Cathay Pacific Airways Ltd Chairman Patrick Healy said the airline will cooperate with two government investigations after outbreaks of the Omicron variant were traced back to crew who were allowed to skip strict quarantine requirements aimed at keeping the city Covid free. Hong Kong Chief Executive Carrie Lam on Tuesday reimposed some of its strictest virus curbs since ...
Read More »West Coast airport flights halted on NK’s missile
Bloomberg Flights out of some airports on the US West Coast were briefly halted by aviation regulators as a precaution after North Korea launched a high-speed missile in a test. The so-called ground stop, which paused departures from an unspecified number of airports, lasted less than 15 minutes. North Korea’s missile flew at almost 10 times the speed of ...
Read More »Airbus beats Boeing on aircraft deliveries, set to lose on orders
Bloomberg Airbus SE cemented the title of world’s largest planemaker for the third straight year with 611 jetliner deliveries, though it’s on track to lose the contest with Boeing Co. over orders. The European manufacturer beat its own handover target by 11 planes, leaving its US competitor in the dust. Jefferies estimates that Boeing, which is due to report ...
Read More »Graft allegation adds to Garuda Indonesia’s woes
Bloomberg Indonesia’s government has filed corruption allegations against its flag carrier, adding to PT Garuda Indonesia’s woes as the airline undergoes a debt restructuring process. The Attorney General will investigate the file submitted by State-Owned Enterprises Minister Erick Thohir on Tuesday. The case is linked to Garuda’s procurement ATR 72-600 aircraft, although Thohir said there are indications of corruption ...
Read More »Flyers snap up long-haul trips after UK eases Covid rules
Bloomberg British Airways, Virgin Atlantic Airways Ltd and TUI AG reported surging interest in long-haul travel after Britain last week scaled back coronavirus testing requirements that had acted as a barrier to sales. Package-holiday giant TUI said bookings soared almost immediately on the policy change. British Airways Holidays, meanwhile, saw searches jump nearly 40% compared with the final week ...
Read More »Delta hires JetBlue executive key to ‘rival’
Bloomberg Delta Air Lines Inc. has hired a JetBlue Airways Corp. executive who played a key role in the development of an alliance with American Airlines Group Inc. that has taken aim at rivals in the northeastern US Scott Laurence will join Delta as vice president of network planning on January 18, the Atlanta-based carrier said in a statement Monday. ...
Read More »Garuda Indonesia’s creditors submit claims of $13.8 billion
Bloomberg Creditors of struggling airline PT Garuda Indonesia have submitted about 198 trillion rupiah ($13.8 billion) in claims as part of a debt restructuring, according to court-appointed administrators. The administrators for the flag carrier received claims from more than 470 creditors by the end of a January 5 deadline, Martin Patrick Nagel and Jandri Siadari, members of the team ...
Read More »Air France-KLM raises fares to fund shift to sustainable fuels
Bloomberg Air France-KLM will apply a surcharge to its tickets prices to help fund the extra cost of using sustainable aviation fuel, going beyond voluntary measures that have so far prevailed in the industry. The move will add between 1 and 12 euros ($1.1-$13.6) to the cost of a flight depending on the distance traveled and the class, according ...
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