Aviation

  Bloomberg Airlines’ US flight cancellations approached 1,900 for the Christmas weekend, disrupting travel on one of the busiest periods of the year as the Omicron-fueled wave of Covid cases triggered air-crew shortages. Saturday’s pullbacks erased at least 12% of the schedule at Delta Air Lines Inc, United Airlines Holdings Inc and JetBlue Airways Corp, according to data tracker FlightAware.com. ...

  Bloomberg CK Asset Holdings Ltd said it’s exiting the aircraft-leasing sector due to a “paradigm shift” caused by the coronavirus pandemic, selling two indirect wholly-owned subsidiaries to Maverick Aviation Partnership LP for $4.28 billion. The company is selling Accipiter Finance for about $2.44 billion and Manchester Aviation Finance for $1.84 billion, according to a filing to the Hong Kong ...

  Bloomberg Airbus SE is on track to meet its 600-jet delivery goal for 2021, according to people familiar with the situation, though holdups with the handover of some wide-body aircraft have complicated the issue. As of mid-December the European planemaker had shipped around half of the 82 jets it must deliver this month to meet the full-year goal, according ...

  Bloomberg US aviation regulators have proposed modifications to some Boeing Co 777 jets to prevent engine debris from flying loose in a failure and endangering passengers as happened in some recent incidents. The Federal Aviation Administration (FAA) filed a pair of proposed directives in the Federal Register that would require strengthening the engine inlets and adding shielding on Pratt ...

  Bloomberg Ryanair Holdings Plc expects to report a wider full-year loss than previously forecast after the emergence of the omicron Covid-19 variant plunged the European travel industry into renewed uncertainty. The Irish low-cost airline now anticipates a net loss of between 250 million euros ($283 million) and 450 million euros in the 12 months through March, it said in ...

  Bloomberg A rebound in global airline capacity should accelerate in the second half of next year, but trans-Atlantic traffic likely won’t return to pre-pandemic levels until 2023, according to an aviation consulting firm. Additionally, airfares are poised to rise significantly next year, owing to higher costs from labour and addressing environmental issues, “plus the need for airlines to rebuild ...

Bloomberg Kenya’s government has scrapped a plan to fully nationalise the partly state-owned airline and is looking at other ways to safeguard money it has loaned the carrier, according to the International Monetary Fund (IMF). It will cost a projected $1 billion to restructure Kenya Airways Plc and an injection of the funds by the state will be “unavoidable” as ...

  Bloomberg Discount carrier Wizz Air Holdings will increase its presence in the UK after agreeing to buy takeoff and landing slots from Norwegian Air Shuttle ASA at London’s Gatwick hub. Budapest-based Wizz will acquire 15 daily slot pairs at Gatwick, where operations are restricted by a single runway, allowing it to base four more jets there next summer for ...

  Bloomberg Embraer SA’s Eve Urban Air Mobility unit will merge with Zanite Acquisition Corp next year, the latest in a string of deals as flying-taxi startups seek capital from public markets. The transaction includes $237 million in cash from Zanite, a special purpose acquisition company, and a $305 million PIPE, or private investment in public equity. The PIPE has ...

  Bloomberg The European Commission approved $2.9 billion of restructuring aid for TAP SA intended to help the ailing Portuguese airline become viable. The EU Commission also approved 107.1 million euros to compensate the Lisbon-based carrier for damages suffered as a result of the coronavirus pandemic, it said. Faced with the prospect of TAP collapsing, Portugal’s government began providing aid ...