Aviation

Bloomberg Ryanair Holdings Plc plans to create 5,000 European jobs over the next five years as the airline returns to growth following the coronavirus slump. The Dublin-based carrier will need to add aviation crew to meet demand from an expanded Boeing Co 737 fleet, unit Chief Executive Officer Eddie Wilson said in an emailed statement. The airline expects passenger numbers ...

Bloomberg Avianca Holdings SA won court approval to send its reorganisation plan to creditors for a vote, bringing the Colombian air carrier one step closer to exiting bankruptcy under new ownership. Lenders and noteholders who agreed to refinance their debt at the beginning of Avianca’s bankruptcy case last year will get 72% of the airline’s equity in exchange for canceling ...

Bloomberg Airbus SE upped the ante in its bid to win a helicopter order from Britain’s Royal Air Force, promising to build all military versions of the H175M model it’s pitching at a new plant in the UK. The assembly line will be installed next to Airbus’s jetliner wing factory in Broughton, Wales, if it’s selected to replace a fleet ...

Bloomberg Southwest Airlines Co Chief Operating Officer (COO) Mike Van de Ven was named president, effective immediately, replacing Tom Nealon, who chose to retire. Nealon’s departure comes less than three months after Southwest selected Executive Vice President Bob Jordan to replace Gary Kelly as chief executive officer, starting from February 1. Nealon, 60, will remain a strategic adviser at the ...

Bloomberg KLM has opted to accommodate crew members who aren’t vaccinated against Covid-19, rather than issuing mandates as more global destinations require shots. The Dutch arm of Air France-KLM will ask pilots and flight attendants to register their vaccine status, but not require inoculation, it said. Schedules will be adjusted to avoid sending those who aren’t vaccinated to destinations where ...

Bloomberg HNA Group secured strategic investors for its airline and airport businesses, a key step in the once high-flying Chinese conglomerate’s state-run reorganisation and bid to move beyond its debt woes. The administrators of HNA’s restructuring program have decided to bring in Liaoning Fangda Group Industrial Co as strategic investor for the airline business and Hainan Development Holdings Co for ...

Bloomberg Sydney Airport relented to suitors after extracting a sweetened A$23.6 billion ($17.4 billion) takeover offer that underscores the battered travel industry’s appeal to long-term investors. The airport said on Monday it will to open its books to bidders led by IFM Investors after they increased their indicative offer 3.6% to A$8.75 a share. Sydney Airport said it plans to ...

Bloomberg Breeze Aviation Group Inc has ordered 20 additional Airbus SE A220-300 aircraft, bolstering the fleet of its startup airline and enabling longer domestic and short-haul international routes. The new planes, adding to a prior 60-jet order, mean the low-cost Breeze Airways will receive one A220 a month for the next six and a half years, the company said in ...

Bloomberg Airlines are piling on more debt as surging coronavirus cases force travellers to cancel plans and stay home. The industry’s outstanding debt has jumped 23% since 2020 to $340 billion, according to data compiled by Bloomberg. So far this year, global air carriers have sold $63 billion in bonds and loans. It’s more evidence that the industry faces a ...

Bloomberg Italy’s new state-backed airline, Italia Trasporto Aereo SpA, will seek to buy the Alitalia name in time for its start of service in mid-October, according to people familiar with the matter. A market-price auction of the brand was outlined in a decision released by the European Commission. It’s one of the measures required in order to consider ITA a ...