Aviation

BLOOMBERG Just Eat Takeaway.com NV is finding it difficult to complete the sale of its US business, Grubhub Holdings Inc, because of a combination of high price demands from some investors and a weak market for deals, Chief Executive Officer Jitse Groen said. “We’re talking to buyers still, but it’s a very difficult M&A situation currently,” Groen said in an ...

BLOOMBERG London’s Gatwick Airport escaped a strike that was due to take place over the weekend after more workers agreed to an improved pay offer. Ground handlers working for four companies at Gatwick were set to walk off on two successive weekends starting July 28 and August 4 after failed negotiations over pay and working conditions. The Unite union said ...

BLOOMBERG The UK’s Civil Aviation Authority (CAA) has taken enforcement action against Wizz Air Holdings Plc after many passengers complained about the carrier failing to reimburse them for delayed or cancelled flights. The Hungarian-based airline has committed to making policy changes to ensure it is compliant with passenger rights obligations, the CAA said. Customers whose claims were incorrectly rejected by ...

BLOOMBERG Deutsche Lufthansa AG is fighting a landmark ruling that toppled the European Union’s approval for its €6 billion ($6.6 billion) German recapitalisation at the height of the Covid-19 pandemic. Europe’s biggest network carrier said it filed an appeal at the EU Court of Justice against the May 10 judgment by a lower tribunal, which backed claims by Ryanair Holdings ...

BLOOMBERG US aviation regulators announced two new steps to tighten the process of approving airliner designs, actions required by Congress after crashes on Boeing Co 737 Max aircraft killed 346 in 2018 and 2019. The Federal Aviation Administration’s (FAA) policy changes will take effect in 30 days after the public and industry have a chance to comment on them, the ...

BLOOMBERG Long haul budget carrier AirAsia X Bhd has applied to Bursa Malaysia to be removed from the exchange’s financially distressed category after reporting three straight quarters of profit and positive shareholders’ equity. The airline in a statement also asked the bourse to exempt it from the need to submit a regularisation plan, which was due by July 28, and ...

BLOOMBERG American Airlines Group Inc said changes it offered in a pending contract agreement with pilots would increase the value to more than $9 billion over four years, matching terms of a competitor’s more-lucrative offer. The proposal adds more than $1 billion to the tentative agreement between the carrier and the Allied Pilots Association, including a “significant” increase in compensation, ...

BLOOMBERG Onex Corp is seeking $750 million for a new fund dedicated to transportation investments, people familiar with the matter said, a test of its ability to raise money in a tough climate for private equity. The Toronto-based firm has hired eight people for the fund, led by Wes Dick, a former senior executive at aircraft leasing firm BBAM LLC. ...

BLOOMBERG Boeing Co delivered 60 jets in June, including 49 of its best-selling 737 models, beating analyst expectations even as it contended with a strike at a key supplier and manufacturing defects. The tally boosted the US planemaker’s total handovers for the second quarter to 136 jets, 12% more than a year earlier. Analysts had expected Boeing to deliver about ...

BLOOMBERG In the run-up to the (almost but not quite) four-day weekend over July 4, US air travel set a new record. The Transportation Security Administration said it screened nearly 2.9 million fliers on June 30, the highest daily count  in the agency’s history. Flying in the US has rebounded from its Covid-19 lows. And if global expectations hold true, ...