Aviation

Bloomberg Wesco Aircraft Holdings Inc left bondholders scratching their heads when the struggling aerospace supplier added about $100 million of cash to its balance sheet, seemingly overnight and without much explanation. They’re trying to parse what happened after the company, which is backed by billionaire Tom Gores’ Platinum Equity, privately informed investors about a set of transactions that depleted and ...

Bloomberg Boeing Co has agreed to settle outstanding claims with SpiceJet Ltd relating to the grounding of its 737 Max aircraft and their return to service. “This paves the way for the induction of efficient and younger Max aircraft into the company’s fleet and ensures the resumption of new aircraft deliveries from our order of 155 Max aircraft,” India’s second-biggest ...

Bloomberg IndiGo, one of Asia’s biggest budget carriers, is mulling charging passengers for checked-in luggage as the airline prepares for a potentially fierce price war in India’s cutthroat air travel market, which is showing signs of recovery following the worst of Covid. IndiGo, operated by InterGlobe Aviation Ltd, didn’t implement the so-called unbundling of fares in February — just before ...

Bloomberg Leaders of the House Transportation and Infrastructure Committee have called for a review of how US aviation regulators oversaw Boeing Co’s troubled 787 program. A letter signed by the top Democrat and Republican on the committee was sent to the Transportation Department’s Inspector General, the committee announced. The 787 has been plagued by production issues for a year and ...

Bloomberg Saudi Arabian Airlines is contemplating an aircraft order from Airbus SE or Boeing Co that could total well above 100 jets as part of a push to lure more tourists. The carrier is targeting a fleet of 250 aircraft by 2030, adding around 100 for growth while renewing a significant chunk of an existing 150-plane fleet, Chief Executive Officer ...

Bloomberg Singapore Airlines Ltd will start flying freshly fitted Boeing Co 737 Max jets to countries including Malaysia, Indonesia and Thailand in the coming weeks, the company said on Tuesday. The carrier is absorbing six of the 154-seat narrow-body planes into its fleet with the integration of its SilkAir unit. Another is expected to enter service before March, and then ...

Bloomberg Hong Kong will consider imposing tighter restrictions on aircrew, Chief Executive Carrie Lam said, as the city prioritises its Covid-Zero policy in a bid to reopen the border with mainland China. Hong Kong flight crew already face some of the most onerous restrictions in the world, with Cathay Pacific Airways Ltd just saying any crew members who stayed in ...

Bloomberg Airbus SE notched a mega-order for 255 narrow-body jets at the Dubai Airshow, bolstering the European planemaker’s case that aircraft demand has started to roar back from the lows of the coronavirus pandemic. The deal for Airbus’s larger A321 model is valued at more than $30 billion before typical industry discounts. It will be parceled out among Wizz Air ...

Bloomberg FlyDubai, the low-cost sister company of giant long-haul airline Emirates, said it’s in early talks with both Boeing Co and Airbus SE about its next jetliner order after previously being a loyal customer of the US company. While FlyDubai is an all-Boeing operator, it scrapped 65 orders for the 737 Max model after deliveries were halted following two fatal ...

Bloomberg AirAsia X Bhd’s debt-restructuring proposal received more than 95% support from creditors in meetings as the debt-laden budget carrier tries to stay afloat. The airline received full support from two classes of creditors on its proposed debt restructuring and 97.6% from the third group, it said in separate statements to the Malaysian stock exchange. AirAsia X needed at least ...