Aviation

Mask mandate for US travellers extended

Bloomberg US transportation and health agencies are extending the mask mandate for air passengers and other travellers until mid-January as the Delta variant of Covid-19 continues to surge. The sometimes controversial requirement for people to cover their faces on public forms of transportation had been set to expire on September 13. The Transportation Security Administration (TSA) said in an emailed ...

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Spring Air bets on post-Covid tourism boom in China, Japan

Bloomberg Spring Airlines Co and Japan Airlines Co are anticipating a post-pandemic tourism boom between China and Japan for their joint-owned budget carrier, even though Japan still lags behind major economies in reopening its borders. Spring Airlines Japan Co had operated seven routes from Narita to Shanghai, Tianjin, Nanjing, Wuhan and other cities, but five of them were suspended due ...

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Branson sells $300m stake in Virgin Galactic

Bloomberg Richard Branson sold about $300 million in Virgin Galactic Holdings Inc stock, tapping his biggest listed asset again to prop up his business empire during the pandemic. The billionaire offloaded almost 10.5 million shares — about 4% of the space-travel company — through a company he controls, leaving him with an 18% stake, according to a regulatory filing. The ...

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Sydney Airport willing to talk sale as investor prods board

Bloomberg Sydney Airport said it’s prepared to hold discussions with suitors over a takeover offer of more than $16.8 billion as the company’s largest shareholder agitated for negotiations to start. The airport said it’s “open to engaging” with the bidders, led by IFM Investors, if they make an offer that reflects “long-term value.” At the same time, Sydney Airport rejected ...

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UK’s travel Covid test prices cut following criticism

Bloomberg The UK government lowered the cost of Covid tests provided by the National Health Service for international travel following criticism from the competition watchdog and the tourism industry. The cost of tests will be reduced to 68 pounds ($94.30) from 88 pounds for one test and to 136 pounds from 170 pounds for two, the UK’s Department for Health ...

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TUI stems cash burn as bookings surge on border reopenings

Bloomberg TUI AG stopped burning cash as holiday bookings surged following European government moves to relax travel restrictions. The world’s biggest tour operator reported cash inflows during the three months through June of 320 million euros ($376 million), excluding financing costs, the first time it’s recorded a positive number since the onset of the Covid-19 pandemic. That’s after revenue surged ...

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Airbus freighter plans gather pace as UPS, DHL eye new jets

Bloomberg Airbus SE’s dedicated freighter is drawing interest from major cargo firms, after the European planemaker got board approval to launch the jet late last month. Airbus confirmed in late July its directors had signed off on a plan to produce a freighter version of the A350 jet by 2025, enabling it to counter rival Boeing Co’s dominance of the ...

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Garuda removes directors to save costs amid debt rehaul

Bloomberg Flag carrier PT Garuda Indonesia has shrunk its management to reduce costs as the airline restructures its way out of a pandemic-driven financial crunch. Garuda now has only six directors, removing the position of vice president director and merging services and business development director with commercial and cargo director, President Director Irfan Setiaputra said in a press conference after ...

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India set to clear Boeing 737 Max to fly again within days

Bloomberg India is set to allow Boeing Co’s 737 Max jets to resume flights in the country within days, according to a person familiar with the matter, clearing one of the last remaining hurdles for the US planemaker as it seeks to get the model flying again worldwide. The South Asian nation has been satisfied with the plane’s performance since ...

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JetBlue begins flights from New York to London at $202

Bloomberg Just nine days after the UK granted vaccinated Americans quarantine-free entry, JetBlue Airways Corp is making its first foray into transatlantic service, starting flights on the world’s most lucrative air route—from New York’s John F Kennedy International Airport to London Heathrow—on Wednesday. It’s a long-awaited move for fans of the carrier, which has made its name offering affordable, friendly ...

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