Aviation

Bloomberg Air Canada boosted the size of its refinancing after taking advantage of strong demand for the biggest high-yield corporate bond in Canadian dollars and upsizing the loan portion. The aggregate loan and bond transactions will likely total $5.7 billion, up from $5.35 billion initially planned last week, according to people familiar with the matter. Canada’s biggest airline increased the ...

Bloomberg JetBlue Airways Corp has yet to start New York-London service and already has been forced to trim the schedule as travel restrictions hobble demand. “We’ve all been very frustrated the corridor hasn’t opened,” Chief Executive Robin Hayes said. “There’s no reason not to open it. It’s not data driven.” The carrier will fly its once-daily route between New York’s ...

Bloomberg Ryanair Holdings Plc intends to pump more capacity into European markets in the coming months, keeping ticket prices low so it can overpower weaker rivals as travel rebounds in Europe. The region’s biggest low-cost carrier said that it expects to post a profit this quarter, even as it prioritises filling planes until demand fully rebounds. The summer high season ...

Bloomberg South Africa’s Mango Airlines will enter a local form of bankruptcy protection, according to the head of its parent, South African Airways (SAA). There’s agreement between shareholders and the board on the matter, and Mango is consulting with labour groups, SAA interim Chief Executive Officer Thomas Kgokolo told eNCA television. Mango employees were seeking to force the low-cost carrier ...

Bloomberg American Airlines Group Inc and Southwest Airlines Co are carrying extra jet fuel on some flights and considering adding stops to other routes to pick up fuel as snarls in US trucking and supply chains delay deliveries to small and mid-sized airports across the country. The delays are expected to continue through mid-August, American told its pilots in a ...

Bloomberg Major airports in Europe are asking investors for a break from debt obligations for the second time since the height of the coronavirus pandemic. London Heathrow Airport, the UK’s busiest hub, said it secured support for a new round of waivers on covenants applying to $1.6 billion of bonds after some of the terms agreed last year expired. Holders ...

Bloomberg Southwest Airlines Co said it was “hopeful” of returning to profitability in the third and fourth quarters, amid concerns over the financial impact of a coronavirus variant and a recent rash of flight delays. The potential for an adjusted profit excludes any benefit from billions of dollars in airline aid provided by the US government, Southwest said as it ...

Bloomberg Airbus SE is the favourite to win a multi-billion tender for a new aircraft fleet for the successor of Italy’s bankrupt Alitalia SpA, Corriere della Sera reported. Executives at Italia Trasporto Aereo SpA, known as ITA, have still not taken a final decision and are also talking to Boeing Co, Corriere said, citing three industry sources with knowledge of ...

Bloomberg Singapore Airlines Ltd’s Indian joint venture expects the last four Dreamliners from its Boeing order to arrive by October 2022, a delay of up to seven months as the US planemaker addresses flaws with the jet and the pandemic weighs on air travel. Vistara, which Singapore Airlines jointly owns with conglomerate Tata Group, has received two Boeing 787 Dreamliners ...

Bloomberg Hong Kong will postpone for at least two weeks a plan to start antibody testing at the airport for fully vaccinated people arriving from some areas, people familiar with the matter said, a setback in easing one of the strictest quarantine restrictions in the world. The delay in the second phase of its antibody-testing plan was a result of ...