Aviation

Bloomberg PT Lion Mentari Airlines is struggling to make payments to lessors on some of its planes, according to people familiar with the matter, as the pandemic tips it ever closer to financial peril. Indonesia’s largest discount carrier has grounded some 25 aircraft because it hasn’t paid lessors that are owed at least $500 million, one of the people said, ...

Bloomberg The lucrative North Atlantic flight corridor that links European tourism and business meccas like Paris and London with the US has been starved for traffic for the past 18 months, depriving some of the world’s biggest airlines of revenue from their most profitable journeys. Now carriers including Emirates, United Airlines Holdings Inc and British Airways are gearing up again, ...

Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary said the Irish carrier could almost double its passenger capacity through the rest of the summer as the European Union reopens for travel. Europe’s biggest discount airline expects to attract up to 9 million passengers in July and August compared with 5 million in June and just 1.7 million in May, ...

Bloomberg Airlines follow a pretty simple formula for success — fill as many seats and fly as many hours as possible, and keep a young fleet. One Indian budget carrier is going another way to drum up income — not flying. SpiceJet Ltd hasn’t flown any of its Boeing Co 737 Max jets for more than 27 months, after two ...

Bloomberg Devas Multimedia Pvt, a company seeking over $1.2 billion it won in international arbitration from India, has joined Cairn Energy Plc in seeking to seize Air India Ltd’s assets abroad. Calling the flagship airline an “alter ego” of the Indian state and therefore liable for the sovereign’s debts, Devas filed a petition in New York asking Air India to ...

Bloomberg United Airlines Holdings Inc is overhauling its fleet with the biggest jetliner order in company history and an ambitious upgrade for its aircraft cabins, bolstering a push to appeal to more travelers willing to pay for pampering. The airline agreed to buy 200 Boeing Co 737 Max jets and 70 Airbus SE A321neo planes, a deal valued at about ...

Bloomberg United Airlines Holdings Inc is poised to buy more than 200 Airbus SE and Boeing Co jetliners, one of the largest purchases in its history, as the US carrier revamps its single-aisle fleet with more efficient planes, according to people familiar with the plans. While terms are still being finalised and the order size is in flux, the total ...

Bloomberg France’s Safran SA is considering building an engine-repair facility in India, after winning its biggest-ever turbine deal last month with joint venture partner General Electric Co. The project would be aimed at customers of the venture, CFM International, which was selected by IndiGo, the nation’s top airline, to supply engines for 310 new Airbus SE A320-family aircraft. A final ...

Bloomberg Icelandic startup Play Air Hf reported strong bookings for the coming weeks as it started operations with a flight to London Stansted airport. Sales for the latter part of July and August are particularly healthy, fuelled by demand from locals eager to head south for a vacation after more than a year of coronavirus lockdowns, according to CEO Birgir ...

Bloomberg Southwest Airlines Co will increase its minimum wage to $15 an hour and raise the pay of thousands of airport workers to ensure it retains sufficient staff and can attract new employees to support growth over the next two to four years. The move will affect more than 7,000 employees and take effect from August 1, the airline told ...