Aviation

Bloomberg Vietnam’s Civil Aviation Authority is proposing the construction of an airport in the disputed Spratly Islands, Thanh Nien newspaper reported. The aviation agency seeks to include a Spratlys airport in the transport ministry’s 2021-2030 master plan, Thanh Nien reported, citing the proposal sent to the ministry. The aviation agency’s May 10 proposal also includes airports on non-disputed islands of ...

Bloomberg Flush with bailout funds, Air Canada called on the government of its home country to lay out a plan for reopening borders as vaccination progresses. Canada’s biggest air carrier is in a position to ramp up operations after reaching a deal for nearly C$5.9 billion ($4.8 billion) in debt and equity with the federal government last month. Chief Executive ...

Bloomberg Airbus SE expects China to become a legitimate rival in global planemaking by the end of the decade, upending the long-standing duopoly between the European company and US rival Boeing Co. China has long been a big customer for both manufacturers, accounting for a fifth of Airbus deliveries last year. The country is finally close to success in its ...

Bloomberg Britain will permit relatively open leisure travel to just 12 nations and territories including Portugal as it seeks to restart tourism while keeping control over the coronavirus pandemic. A legal ban on international leisure trips will be eased from May 17, the Department for Transport confirmed. Return journeys from approved countries will require Covid-19 tests but no period of ...

Bloomberg Bombardier Inc is selling its stake in Alstom SA in a deal that would generate proceeds of more than $630 million at current market prices. The offering has gathered enough investor demand to cover the sale, according to terms seen by Bloomberg. Price guidance will follow and such accelerated offerings typically come at a discount. After completion of the ...

Bloomberg Deutsche Lufthansa AG asked shareholders for permission to raise 5.5 billion euros ($6.6. billion) in fresh capital, calling it a necessary step to repair the stricken carrier’s balance sheet after the coronavirus pandemic punctured a decades-long boom in air travel. At the airline’s annual meeting on Tuesday, Chief Executive Officer Carsten Spohr implored investors to back the motion, which ...

Bloomberg Malaysia Airlines Bhd said air travel demand will remain subdued and it expects a full recovery after the end of 2023, amid a resurgence of Covid cases in many countries. The national flag carrier has cut more than 1,500 jobs and plans to reduce capacity further as part of the restructuring it began in October, CEO Izham Ismail said ...

Bloomberg A coalition of airline and travel groups urged the US and the UK governments to lift travel restrictions between the two nations, citing the growth in vaccinations and other tools that limit the spread of Covid-19. Officials should announce reopening before the Group of Seven economic talks scheduled for June, the groups said in joint letters to President Joe ...

Bloomberg Airbus SE generated positive cash flow for the third quarter in a row, while warning that new coronavirus flareups threaten progress toward a recovery in air travel. The European planemaker reported 1.2 billion euros ($1.5 billion) in adjusted free cash flow between January and March, when aircraft deliveries surpassed the mostly pre-pandemic first quarter of 2020. Profit came in ...

Bloomberg Nigeria will deny entry to passengers who have visited India, Brazil and Turkey in the last 14 days to stop the import of coronavirus cases from the three countries. The travel advisory will take effect on May 4 and is subject to review after an initial period of 4 weeks, the Presidential Steering Committee on Covid-19 said. The government ...