Aviation

Bloomberg Rolls-Royce Holdings Plc agreed to sell its ITP Aero unit in Spain to a group led by Bain Capital for 1.7 billion euros ($2 billion), netting the British jet-engine maker much-needed cash to help it recover from the coronavirus crisis. The sale to Bain, JB Capital and Spanish defense firm Sapa will help Rolls rebuild its balance sheet, the ...

Bloomberg EasyJet Plc raised 1.2 billion pounds ($1.7 billion) in a stock sale, cash that will help the low-cost UK carrier weather the slow winter and prepare for a rebound in leisure travel. Existing investors purchased 93% of the 301 million shares available in a rights offering at a discounted price of 410 pence each, EasyJet said on Tuesday in ...

Bloomberg Demand for airplane-seat coverings that repel viruses and bacteria has soared during the Covid-19 pandemic, as carriers look to cut the time and cost of cleaning cabins. “The stakes are high for airlines,” said Quentin Munier, head of strategy and innovation at the seat division of aircraft-parts giant Safran SA. Tenders for new orders increasingly call for fabrics with ...

Bloomberg United Airlines Holdings Inc Chief Executive Officer Scott Kirby said that 98.5% of its US-based employees have been vaccinated against Covid-19. The carrier expects to see vaccine totals “north of 99%” when it tallies final figures for how many employees have complied with its mandate to be vaccinated or face termination. United had set a September 27 deadline for ...

Bloomberg Thailand is looking to attract Indian travellers during the traditional holiday season to boost its tourism-reliant economy that’s been hit hard by the absence of mass holidaymakers from countries including China. The Thai tourism industry expects Indians to resume travel in large numbers next month during Diwali, the Hindu festival of lights, said Somsong Sachaphimukh, vice president of the ...

Bloomberg Southwest Airlines Co is deploying new hiring tactics, including on-the-spot interviews and instant job offers for ramp workers at Denver International Airport, in an effort to entice entry-level workers in a highly competitive US labour market. Southwest’s latest recruiting strategy comes as it battles nationwide with companies across a variety of industries to find workers for the 5,000 jobs ...

Bloomberg The reopening of transatlantic flights to the US is “great news” for Paris, but it won’t bring air traffic back to where it was before the pandemic, according to the operator of the city’s airports. Paris serves as a hub to connect various continents, and “as long as Asia is closed, notably China,” all incoming traffic to Paris that ...

Bloomberg American Airlines Group Inc pilots’ union called for the removal of flight operations managers, citing years of poor performance including delays that forced the carrier to trim its schedule this summer. “Throughout the summer of 2021, middle management chose to advance cancel hundreds of flights disrupting thousands of travel plans while at the same time damaging the American Airlines ...

Bloomberg British Airways (BA) dropped plans to set up a new, lower-cost unit at London Gatwick airport, setting up a high-stakes showdown with its pilots union, which balked at new contract terms. The airline has insisted on setting up a separate division for the short-haul business even though it would remain branded as BA, the flagship of the IAG SA ...

Bloomberg Boeing Co expects Chinese airlines will need 8,700 new aircraft for a total of $1.47 trillion by 2040, doubling the country’s commercial fleet size as air travel booms. China’s demand for wide-body aircraft is likely to account for 20% of global deliveries, according to the US manufacturer’s Commercial Market Outlook. China’s civil aviation industry will also need more than ...