Aviation

Bloomberg The International Air Transport Association (IATA) urged countries around the world to adopt the European Union’s Digital Covid Certificate (DCC) as the global standard for vaccine certification. The EU’s vaccine passport should serve as the blueprint for other nations, IATA Deputy Director General Conrad Clifford said in a statement. While multiple certificates or digital applications testifying to the low-risk ...

Bloomberg Employers weighing whether to follow Delta Air Lines’ lead and impose financial penalties on their unvaccinated employees could charge an unlimited amount depending on the type of wellness plan they choose. The airline said that it would institute a $200 monthly surcharge on health premiums for employees who haven’t received a Covid-19 vaccine by November 1. Rather than imposing ...

Bloomberg Southwest Airlines Co will reduce its flight schedule for the last four months of the year after employees assailed the discount carrier for understaffing operations during a summer marred by delays and cancellations. Average daily flights will fall by 27 to 3,304 from September 7 through October 6, Southwest said in an emailed statement. The carrier will cull an ...

Bloomberg Go Airlines India has got the green light from the nation’s market regulator to raise 36 billion rupees ($485 million) through an initial public offering, according to a person familiar with the matter. GoAir’s share sale was put on hold in June by the Securities and Exchange Board of India (Sebi). The airline now expects to file a preliminary ...

Bloomberg A business plan that aims to put Mexico’s troubled Interjet back in the skies in 2022 is ready, according to the firm the airline hired to advise on restructuring $1.25 billion in debt. Argoss Partners submitted the plan to Interjet management at the end of July. It calls for debt forgiveness of over 90%, partial payment to workers, preliminary ...

Bloomberg The Delta variant of Covid-19 is scything through aviation just as key markets were getting back on their feet. In the US, Southwest Airlines Co is blaming the Delta strain for a rash of cancelled bookings and a slowdown in demand that may push it and several others to quarterly losses. After leading the industry’s recovery for much of ...

Bloomberg US aviation regulators are opening a new review of Boeing Co after a survey of company engineers found a sizable percentage said they couldn’t raise safety concerns without interference. A survey conducted by the Federal Aviation Administration (FAA) from May through July found that 35% of Boeing employees raised issues of conflicts of interest and a lack of independence, ...

Bloomberg Richard Branson’s Virgin Orbit agreed to go public through a reverse merger with NextGen Acquisition Corp II that will value the satellite-launch company at $3.2 billion. Investors including Boeing Co and AE Industrial Partners committed $100 million to Virgin Orbit through a private investment in public equity, according to a statement. The merger is expected to provide the new ...

Bloomberg Avelo Airlines is expanding to the East Coast with service connecting four Florida cities with New Haven, Connecticut, in a bid to entice customers tired of trekking to airports in New York and Boston. Flights to Orlando begin on November 3, followed within days by service to Fort Lauderdale, Tampa and Fort Myers, Avelo said. The startup plans to ...

Bloomberg Airlines are owed almost $1 billion across 20 countries as governments seek to hang on to hard currency, depriving the industry of vital cash at a time when travel has been devastated by the coronavirus crisis. Figures published by the International Air Transport Association (IATA) show that Venezuela is withholding a further $4 billion that’s been outstanding for years ...