Aviation

Bloomberg Southwest Airlines Co pilots asked a court to temporarily block the company from carrying out federally mandated coronavirus vaccinations until an existing lawsuit over alleged US labour law violations is resolved. The Southwest Airlines Pilots Association’s (SWAPA) filing also asked for an immediate hearing on the request before a federal court in Dallas, claiming the carrier has continued to ...

Bloomberg Hong Kong said its coronavirus policy will become increasingly tethered to China’s, as the financial hub recorded its first local Covid-19 case since mid-August, raising the specter of an outbreak in one of the world’s densest cities. An airport worker has been infected, officials said at a briefing. His close contacts and some 400 people in his residential neighbourhood ...

Bloomberg Tata Sons Pvt was selected as the winning bidder for India’s flag carrier, ending decades of attempts to privatise a money-losing and debt-laden airline, and potentially ending years of taxpayer-bailouts that’s kept the company alive. Tata Sons, which originally launched Air India Ltd with a namesake branding in 1932, bid 180 billion rupees ($2.4 billion) as an enterprise value ...

Bloomberg Grupo Aeromexico SAB sees emerging from Chapter 11 by the end of this year with an exit plan worth about $1.7 billion. The airline, which filed for bankruptcy protection in June 2020 as the Covid-19 pandemic brought travel to a halt, filed a motion to extend the period to issue a complete plan to December 9. The step was ...

Bloomberg The owners of Budapest Airport are considering entering into formal negotiations to sell the hub to the Hungarian state after receiving a revised offer, according to people familiar with the matter. A government-led consortium put forward a new proposal to purchase a majority stake in the airport, the person said. The offer, received at the end of September, is ...

Bloomberg The UK ended a probe into British Airways (BA) and Ryanair Holdings Plc over their refusal to reimburse customers who were barred from flying because of ever-changing pandemic travel rules. The Competition and Markets Authority (CMA) decided to close the investigation because the law isn’t clear enough about a right to a refund “in these unusual circumstances,” according to ...

Bloomberg Virgin Atlantic Airways Ltd is searching for a candidate to take over as chairman in the event plans for an initial public offering go ahead, a person with knowledge of the situation said. A London listing would compel current Chairman Peter Norris to stand down since he occupies the same post at Virgin Group, owned by the carrier’s founder ...

Bloomberg Even though Hong Kong is one of the few places left in the world adhering to a Covid-zero approach, the city’s Chief Executive Officer Carrie Lam believes the Asian financial center can retain its status as an international aviation hub. “Although the global aviation industry, with Hong Kong being no exception, has been hard hit by the Covid-19 pandemic, ...

Bloomberg TUI AG will raise 1.1 billion euros ($1.3 billion) by selling new stock, making it the latest travel company to tap investors for cash to reduce a giant pandemic debt pile. The share sale, at a discount price of 2.15 euros each in a rights offering, will allow the world’s biggest tour operator to reduce its draw on a ...

Bloomberg The airline industry’s main lobby group adopted a target of eliminating carbon emissions on a net basis by 2050, a goal that will require balancing the fight against climate change with the need to spur demand in the aftermath of the Covid-19 pandemic. Current airline targets aren’t ambitious enough, International Air Transport Association (IATA) Director General Willie Walsh said ...