Aviation

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 ...

Bloomberg Airbus SE’s push to quickly scale up production as air travel recovers from the Covid-19 pandemic is testing suppliers that have struggled to hire enough workers and secure raw materials. Back in May, the European planemaker said it would increase output of its best-selling A320 family of aircraft to 45 per month by the fourth quarter of 2021, rising ...

Bloomberg United Airlines Holdings Inc must pay $1.9 million in fines for stranding passengers on the tarmac for extended periods of time, the government announced. United kept onboard more than 3,200 passengers on 20 domestic flights and five international flights from 2015 through last February for at least three hours, the Department of Transportation said in a release. The department ...

Bloomberg Creditors of Nordic Aviation Capital AS are one step closer to taking control of the company, one of the world’s largest aircraft lessors. Nordic Aviation and its biggest creditor groups have reached an agreement on the outline terms of the company’s restructuring framework, according to a statement. The deal, in principle, includes the conversion of “a substantial amount of ...

Bloomberg Virgin Atlantic Airways Ltd’s US bookings surged more than 600% from a week earlier after the Biden administration said most foreigners fully inoculated against Covid-19 would be able to visit again. New York saw the biggest surge in demand, the UK airline said in a statement, while leisure destinations also performed well. Sales to Orlando, Miami and Las Vegas ...

Bloomberg The federal regulator charged with keeping the nation’s airways safe met with representatives of US passenger airlines and urged them to take more aggressive steps to reduce the incidents of unruly passenger behaviour that have been on the rise during the Covid-19 pandemic. The Federal Aviation Administration (FAA) said its senior leaders initiated the meeting, scheduled to be the ...

Bloomberg Mauritius government is set to reimburse $223.5 million to creditors of state-owned airline and provide an additional 2.5 billion rupees to help the carrier emerge from voluntary administration. The Air Mauritius Ltd debt-restructuring plan is in a report by administrators Sattar Hajee Abdoula and Arvindsingh K Gokhool ahead of meetings with three classes of creditors scheduled for September 28. ...

Bloomberg Brazil’s largest airline Gol Linhas Aéreas Inteligentes plans to operate 250 Vertical Aerospace Group electric air taxis as part of a plan to establish a ride-sharing business. Leasing firm Avolon Holdings Ltd said it will work with Gol to identify local partners and infrastructure and certification requirements for the VA-X4 vertical takeoff and landing model. Avolon ordered 500 of ...

Bloomberg Vietnam’s Bamboo Airways JSC will outfit its new Boeing Co 787-9 Dreamliners with engines made by a General Electric Co venture in a deal valued at around $2 billion, according to Bamboo Airways Chief Executive Officer Dang Tat Thang. The signing of the agreement will be witnessed by Vietnamese President Nguyen Xuan Phuc during his trip to New York ...