Aviation

Bloomberg Porter Airlines Inc plans to order as many as 80 Embraer SA commercial E195-E2 jets as it expands services to Toronto’s Pearson International Airport. The decision moves the regional carrier squarely onto larger rival Air Canada’s home turf as the airline industry prepares for a surge in travel demand as pandemic restrictions begin to ease. The introduction of jets ...

Bloomberg General Electric Co vowed to curb the greenhouse gases produced by the use of its products—including thousands of fossil-fueled turbines and jet engines in operation around the world—in a bid to achieve net-zero emissions by 2050. The new goal, announced in GE’s annual sustainability report, signals that the industrial giant plans to go beyond an earlier pledge to make ...

Bloomberg Ryanair Holdings Plc is starting one of the biggest recruitment drives among European airlines, adding 2,000 pilots over the next three years as it plans to grab market share from rivals weakened by the pandemic. Europe’s biggest discount carrier needs pilots to fly its new Boeing Co 737 Max jets, which it began taking last month, Ryanair said. The ...

Bloomberg Two senior executives at Cathay Pacific Airways Ltd have resigned, as the Hong Kong-based carrier continues to battle its way through the coronavirus pandemic with severely reduced flight capacity. Cathay Director Customer Simon Large, who was responsible for managing brand, corporate and marketing communications, as well as loyalty programs, will leave on July 31, according to a company memo ...

Bloomberg The Hungarian government has made a non-binding offer to buy Budapest Airport Zrt, according to people familiar with the matter, as PM Viktor Orban seeks to gain control of what had been one of the fastest growing hubs in the region before the coronavirus pandemic. The offer, which was received by the owners of the airport this week, was ...

Bloomberg Airlines will soon be charged more for polluting in Europe, but private jets and Amazon.com packages are set to escape the tougher rules. That’s part of a plan by the European Union set to be unveiled next week. While commercial flights are set to be subject to a new tax system that discourages the use fossil fuels, private jets ...

Bloomberg Indian tycoon Gautam Adani is seeking a loan of about $1 billion to refinance existing debt of Mumbai’s international airport, according to people familiar with the matter. Barclays Plc and JPMorgan Chase & Co are among banks in discussions to provide the funds to Adani Airport Holdings Ltd, the people said. Deutsche Bank AG is also in talks to ...

Bloomberg Thailand plans to convert a terminal at the nation’s main international airport into a field hospital as a surge in coronavirus infections that’s straining the nation’s public health system shows little sign of easing. Airports of Thailand Pcl, operator of the Suvarnabhumi International Airport, has been asked to convert the newly completed terminal into a facility with an intensive-care ...

Bloomberg London’s Heathrow Airport is dusting off facilities that have been mothballed for over a year, as Europe’s busiest airport prepares for a long-awaited surge in air traffic. The hub reopened its second runway and plans to resume normal operations at Terminal 3 starting from July 15, a spokesman said. T3 closed in May 2020, around the same time Heathrow ...

Bloomberg Airbus SE delivered more than 70 jets in June, one of its best months for handovers since the start of the pandemic, according to people familiar with the matter. The tally would take the company’s total handovers for the first six months of the year above 290 aircraft, for an increase of about 50% versus last year. Airbus is ...