Aviation

Bloomberg Japan Airlines Co plans to raise about 300 billion yen ($2.7 billion) via subordinated bonds and loans to shore up its capital in case the coronavirus pandemic hurts travel demand longer than it expects. The Tokyo-based carrier said it secured around 200 billion yen in loans from four Japanese banks and plans to sell 100 billion yen of bonds. ...

Bloomberg American Airlines Group Inc will hold on to more of its record $21 billion in cash amid continued uncertainty over the industry’s recovery from a pandemic-driven slump. The carrier previously said it would bring liquidity down to between $10 billion and $12 billion at some point next year, with anything above that level being used to pay off debt. ...

Bloomberg A surge in coronavirus infections is delaying, but not derailing, the recovery at several US carriers, including United Airlines Holdings Inc and Southwest Airlines Co. Most major carriers said customer bookings have slowed in recent weeks, signalling through regulatory filings and comments at an industry conference that the path out of the Covid-19 era remains bumpy. Even so, several ...

Bloomberg Ryanair Holdings Plc is forcing investors who aren’t European Union citizens to sell any shares purchased after January 1, in a reminder of the lingering constraints on investors tied to the Brexit split. Non-EU citizens have been barred from buying stock in the Irish discount airline since the UK left the bloc at the start of the year. When ...

Bloomberg Cathay Pacific Airways Ltd has decided to close its pilot base in London, saying many of its staff there haven’t had any flying duties since April 2020 because of the impact of the pandemic. The airline didn’t disclose how many pilots would be affected, but said in a statement they are being offered the option of relocating to Hong ...

Bloomberg Airbus SE is getting a potential boost from Hungarian discount carrier Wizz Air Holdings Plc’s ambitious plan to catapult itself out of the pandemic ahead of rivals. The Budapest-based airline is weighing a purchase of at least 100 Airbus narrow-body jets, according to people familiar with the discussions. Such a deal would top up one of the largest-ever aircraft ...

Bloomberg IndiGo, one of Asia’s biggest budget airlines, is aiming at running at full capacity domestically and is targeting just over two-thirds in international routes as the virus pandemic eases and people start traveling more. “Things are improving slowly,” CEO Ronojoy Dutta told Bloomberg Television’s Rishaad Salamat and Haslinda Amin, adding that it was “hard not to be bullish as ...

Bloomberg Delta Air Lines Inc said a fifth of its unvaccinated employees received a Covid-19 shot in the two weeks since the airline announced that they would be subject to a $200 monthly surcharge, providing support for companies that are hesitant to impose mandates. The carrier also hasn’t seen a rise in employee turnover, Chief Health Officer Henry Ting said ...

Bloomberg Boeing Co’s directors must face an investors’ lawsuit accusing them of failing to properly monitor safety issues and the development of 737 Max jetliners whose two fatal crashes have cost the company more than $20 billion. Delaware Chancery Judge Morgan Zurn threw out some claims against Boeing’s board, but said Boeing shareholders produced enough evidence to justify pursuing claims ...

Bloomberg British Airways (BA) introduced a mechanism allowing customers to buy so-called sustainable aviation fuel to reduce their carbon footprints. The carrier said it will also source enough SAF from BP Plc to power all flights between London and Scotland’s two busiest airports during the COP26 climate summit to be held in Glasgow. Payments for SAF will be offered to ...