Aviation

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 ...

Bloomberg JetBlue Airways Corp Chief Executive Officer Robin Hayes defended the airline’s alliance with American Airlines Group Inc, saying the US Justice Department doesn’t have evidence to support allegations that it is anti-competitive. The so-called Northeast Alliance (NEA) has increased competition in the New York area and Boston, Hayes said in an interview. He pointed to additional domestic flying by ...

Bloomberg Europe’s biggest trans-Atlantic airlines and airports reacted jubilantly to a US move allowing most vaccinated foreigners to enter the country, ending a ban that’s been in place since March 2020. Shares of British Airways (BA) parent IAG SA, Air France-KLM and Deutsche Lufthansa AG all surged following the announcement, which made clear those without Covid-19 inoculations will still be ...

Bloomberg EasyJet Plc said governments need to get behind zero-emission aircraft including hydrogen-powered models envisaged by Airbus SE if they’re to become a reality by the 2030s. Airlines that operate such planes should benefit from tax breaks and reduced airspace and airport charges, while state support will be key in developing hydrogen supplies and infrastructure, EasyJet Chief Executive Officer Johan ...

Bloomberg Colombia plans to start the bidding process for the construction and modernisation of three airports in the fourth quarter as part of a larger $13 billion infrastructure plan. The expansion of the capacity of the airport that serves Cali, the nation’s third-largest city, as well as those of Buenaventura and Neiva, in western Colombia, have an estimated cost of ...

Bloomberg American Airlines Group Inc signed a letter of intent to invest $200 million in Gol Linhas Aereas Inteligentes SA for a 5.2% stake in the Brazilian carrier under a three-year deal that would expand commercial cooperation, establish an exclusive codeshare and link loyalty programs. The two will work together in areas including purchasing, sales tools and systems integration as ...

Bloomberg Travel companies are set for the busiest weekend of the year as holiday bookings surged following the UK government’s announcement that it would ease travel curbs for the fully vaccinated. Transport Secretary Grant Shapps said the current traffic light system of red, amber and green countries would be scrapped for England from October 4 and replaced by a simplified ...

Bloomberg An Air France-KLM flight made an emergency landing shortly after taking off from Beijing after the Boeing Co 777 aircraft suffered a technical failure and smoke filled the cabin. The flight, destined for Paris-Charles de Gaulle airport, returned to Beijing airport 14 minutes after departure, the carrier said in a statement. Passengers reported hearing a loud bang before black ...