Aviation

Bloomberg UK airlines are warning that thousands of jobs could be lost if the government fails to reverse course and offer the industry an extension of the furlough program with travel in a slump for a second summer season. Carriers have asked the government for a short-term, sector-specific jobs support plan to tide it through the usually lean winter months, ...

Bloomberg Virgin Atlantic Airways Ltd is considering a public offering in London as the company gears up its business for recovery from the pandemic. Executives have been holding discussions with bankers and potential investors, and could announce the company’s plans for an IPO as soon as the autumn, according to a person familiar with the matter who asked not to ...

Bloomberg Deutsche Lufthansa AG is expecting long-haul travel to finally pick up this year alongside loosening Covid-19 restrictions and vaccine take up, giving some cause for optimism after a second-quarter loss of 952 million euros ($1.13 billion). North America could open up from late summer with Asia following from the end of the year, the company said in a statement. ...

Bloomberg Odey Asset Management has sold its stakes in Ryanair Holdings Plc and British Airways’s (BA) owner International Consolidated Airlines Group, the Daily Mail reported, as the UK airline industry prepares for further job cuts. Fund manager James Hanbury sold his IAG holding after shares rebounded, the paper said. IAG rose 8.5% this year while Ryanair added 3.4%, both outperforming ...

Bloomberg Airbus SE has encountered issues with the production of its flagship narrow-body model, just as it begins ramping up jetliner build rates following coronavirus lockdowns. Customer Air Lease Corp said on an analyst call that some A321neo handovers due this year have been pushed back as Airbus struggles with pandemic and supply-chain issues. The lessor added in a filing ...

Bloomberg Cebu Air Inc, the largest Philippine budget carrier, said it refunded 7.7 billion pesos ($153 million) to customers, completing requests for reimbursements that were filed until June due to the pandemic. The airline processed 991,764 requests and continues to work with customers whose applications are still pending, Cebu Air said in a statement. Cebu Air in May raised $250 ...

Bloomberg A Boeing Co 737 Max 7 has arrived at the Shangai airport for flight tests by Chinese authorities, the Paper reported. Chinese aviation officials last month signalled they are open to conducting flight tests on the plane in a step toward lifting its grounding after more than two years. China was the first nation to ground the Max, acting ...

Bloomberg United Airlines Holdings Inc said workers must get vaccinated against the coronavirus, becoming the first major US carrier to impose the mandate. Employees must receive the vaccine and upload their injection record to a company database no later than October 25, although that date could change, United said in a memo. In mid-June, the Chicago-based airline began requiring new ...

Bloomberg American Airlines Group Inc agreed to buy a stake in JetSmart Airlines SpA, a privately held, low-cost carrier based in Chile, and establish a partnership that the larger carrier hinted could open the door to additional deals with other discounters operated by Indigo Partners LLC. American will spend an undisclosed amount for an unspecified minority stake in JetSmart, one ...

Bloomberg The race towards zero-emission logistics chains is expanding from the road to the skies. DHL Express, the air cargo subsidiary of Deutsche Post AG, has ordered 12 all-electric aircraft to complement its fleet of battery-powered delivery vans and bikes, a move that will reduce emissions from air services. The Eviation Aircraft Ltd-built freighters, known as Alice models, will be ...