Aviation

Bloomberg Buyout firm KKR & Co is close to reaching an agreement to buy Atlantic Aviation from Macquarie Infrastructure Corp, according to people familiar with the matter. The deal could value the airport services company at about $4.5 billion, including debt, said the people, who asked not to be identified because the matter was private. A sale was expected to …

Bloomberg Lufthansa Consulting GmbH is in talks with Sudan’s government over a role in restructuring one of Africa’s oldest airlines. “If not through a joint venture, they can help to restructure Sudan Airways so that it can be competitive,” Finance Minister Gibril Ibrahim said in an interview. He didn’t give more details or say at what stage the discussions were. …

Bloomberg UK tourists scrambled to return from Portugal before a quarantine requirement kicks in on Tuesday, driving up ticket prices as travellers rearranged flights ahead of the deadline. A three-hour British Airways flight from Faro, in the popular Algarve region, to London City airport on Monday night costs $1,000, according to Skyscanner. The following day, when passengers will be subject …

Bloomberg Labour unions have asked the federal government to review its approval of Breeze Airways to operate in the US, citing concerns over the discount carrier’s recruitment and employment policies. The unions said Breeze, an upstart domestic carrier founded by airline entrepreneur David Neeleman, violated age discrimination and diversity statutes with a plan to hire flight attendants solely through a …

Bloomberg IndiGo, one of Asia’s biggest budget airlines, reported a wider-than-anticipated loss as passenger traffic shrank with the coronavirus tearing through India. The carrier, operated by InterGlobe Aviation Ltd, posted a loss of $157 million in the three months through March, its fourth quarter. That compared with a loss of 8.7 billion rupee a year ago. The average forecast from …

Bloomberg France will allow vaccinated travellers from the European Union to enter without showing negative Covid-19 tests starting from June 9, a move designed to ease travel before the traditional summer holiday season. The looser rules unveiled for one of the world’s top destinations will organise countries into three categories, with visitors from so-called “green” nations accepted with proof of …

Bloomberg Germany is leaning towards participating in Deutsche Lufthansa AG’s pending capital increase, according to people familiar with the matter, a move that would boost the airline’s plan to refinance its 9 billion-euro ($11 billion) bailout package. By subscribing to the rights offering, the government would limit dilution of its 20% shareholding, while increasing its chances of success, said the …

Bloomberg Indian carriers are expected to incur a loss of $8 billion by 2022 as the second Covid-19 wave puts any travel recovery on hold. IndiGo, India’s largest airline, and Air India Ltd will account for $4.5 billion of losses, CAPA Centre for Aviation said in its report India Airline Outlook for the fiscal year 2022. Indian carriers will need …

Bloomberg Singapore Airlines Ltd said the S$6.2 billion ($4.7 billion) raised through convertible bonds, along with existing cash reserves, should cover its financial needs well into the year ending March 2023, according to a statement. The nation’s flagship carrier was responding to questions from the Securities Investors Association (Singapore) last month about whether it has considered privatisation. Singapore Airlines said …

Bloomberg Deutsche Lufthansa AG said it continues to have permission to operate several weekly flights to Moscow and St Petersburg, after at least two European airlines scrapped routes when Russian aviation authorities withheld authorisation for changes to avoid flying over Belarus. The German carrier operates seven weekly connections to Moscow and four to St Petersburg, according to a spokeswoman. Air …