Aviation

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 ...

Bloomberg Qantas Airways Ltd kicked off a process to buy more than 100 new planes worth in excess of $9 billion as it pushes ahead with plans to start ultra-long flights halfway around the globe. The airline will bring in the new aircraft by 2034 to renew its aging domestic fleet of Boeing Co 737-800s and smaller Boeing 717s. Qantas ...

Bloomberg SpiceJet Ltd Chairman Ajay Singh wants to expand the company’s fleet of passenger jets and cargo haulers as the Indian airline’s financial performance recovers after a punishing stretch during the pandemic. Singh said the no-frills carrier has a “reasonable chance” of reaching break-even this quarter through December thanks to a combination of cost cuts, renegotiated aircraft leases, an uptick ...

Bloomberg Delta Air Lines Inc hasn’t decided yet how it will handle a federal mandate for coronavirus vaccinations for workers at certain companies, saying there are “different ways” to make sure 100% of its employees get the shots. Delta’s delay splits from other US airlines such as American Airlines Group Inc, JetBlue Airways Corp and Alaska Air Group Inc that ...

Bloomberg Airbus SE is confident its global supplier base can overcome pandemic-induced pressures and boost output for the company’s workhorse A320 aircraft family despite the “unprecedented” labour and materials strains currently complicating that effort, Chief Executive Officer Guillaume Faury said. In an interview with Bloomberg News, Faury reaffirmed the company’s plan to boost A320 output from 40 per month today ...

Bloomberg Deutsche Lufthansa AG is adding more than 80 flights from Frankfurt and over 50 departures from Munich this fall as the German airline sees rising demand for leisure destinations. The carrier will offer extra flights to Spain’s Palma de Mallorca, Gran Canaria, Fuerteventura and Malaga, and other European destinations during the country’s fall vacation period, it said in a ...

Bloomberg Air New Zealand will require international travellers to be vaccinated when flying with the carrier starting from February 1, latest airline to stipulate mandatory jabs for not just crew but passengers also. All travellers aged 18 and above that arrive or depart New Zealand have to be vaccinated and those who haven’t been inoculated need to present proof that ...