Aviation

Bloomberg Britain’s aviation regulator will now oversee space, gearing up for what’s expected to be a surge in missions as the cost of commercial launches tumbles. The Civil Aviation Authority will take on the role immediately and accept applications from any company that wants to operate under a UK space license, it said. Potential customers include satellite firms and spaceflight ...

Bloomberg British Airways parent IAG SA is stuck on the starting blocks amid lingering coronavirus curbs as one of its biggest European competitors reaps the benefits of a late-summer travel rebound. London-based IAG, which also owns Spain’s Iberia and Aer Lingus of Ireland, provided no guidance in an earnings update and said it will offer only 45% of 2019 capacity ...

Bloomberg The UK government is set to allow visitors from the US and the European Union to travel to England without needing to quarantine on arrival if they have been fully vaccinated. The plan will allow American visitors, along with travelers from most EU countries, to enter the UK on the same basis as Britons who have received two Covid ...

Bloomberg Billionaire investor Rakesh Jhunjhunwala is planning on having 70 aircraft within four years for a new airline he wants to set up in India on optimism more people will travel by air. Jhunjhunwala, who is considering investing $35 million and would own 40% of the carrier, expects to get a no-objection certificate from India’s aviation ministry in the next ...

Bloomberg A bumpy recovery among global airlines has given an unexpected early boost to one corner of the market: demand for aircraft paint. It’s come roaring back as production of new jets rises and pandemic-idled old ones change operators. At Akzo Nobel NV, the world’s biggest supplier of plane coatings, sales across the product range were back to pre-pandemic levels ...

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 ...