Bloomberg US airlines are bringing back more pilots as they prepare for an expected travel rebound. Delta Air Lines Inc said that it recalled all of its 1,713 idled pilots on April 1, before staffing shortages contributed to about 100 flight cancellations on April 4. About 400 will be trained in time to start flying again this summer, the company ...
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France, EU reach good deal on Air France aid: Le Maire
Bloomberg The French government and the European Commission have reached an agreement in principle on fresh financial support for Air France, which has been hurt by a drop in air travel since the start of the pandemic, Finance Minister Bruno Le Maire said. “It’s very good news for Air France, it’s very good news for the whole French aviation sector,†...
Read More »Delta cancels 100 flights, temporarily reopens some of its middle seats
Bloomberg Delta Air Lines Inc said it’s cancelled about 100 flights due to a staffing shortage, and as a result will allow travellers to book middle seats on some planes a month ahead of plan. “Delta teams have been working through various factors, including staffing, large numbers of employee vaccinations, and pilots returning to active status,†a spokeswoman said in ...
Read More »Air Canada drops its Transat takeover after Europe battle
Bloomberg Air Canada dropped its takeover of vacation operator Transat AT Inc because it couldn’t convince European regulators to approve the deal on acceptable terms. Canada’s largest airline said it offered a “significant package of remedies†to satisfy the European Commission’s concerns that the merger would reduce competition on flights between EU countries and Canada. “It has become evident, however, ...
Read More »Italy’s bankrupt Alitalia running out of cash over EU negotiations
Bloomberg Italy’s bankrupt airline Alitalia SpA is running out of cash just as negotiations with the European Union to create a new national carrier are at a standstill. Alitalia, which has been under administration since 2017, paid its 11,000 workers only half their March salaries. The pandemic dealt the final blow to the loss-making airline that for years has been ...
Read More »Ryanair to start flying modified 737 Max after US signoff
Bloomberg Ryanair Holdings Plc is poised to begin flights with a new variant of the Boeing Co 737 Max jet after US regulators signed off on a model that’s set to cut costs by squeezing in almost 200 passengers. The discount carrier expects to take delivery of its first Max 200 this month, becoming the first operator of the plane, ...
Read More »Frontier debut fizzles in its second US airline IPO
Bloomberg Frontier Group Holdings Inc struggled to gain traction in its trading debut after selling shares at the bottom of a marketed range. The stock slipped less than 1% to close at $18.85 in New York after an initial public offering at $19 a share. By contrast, rival discounter Sun Country Airlines Holdings Inc opened with a pop after an ...
Read More »Lufthansa pitches $6.5b proposal to raise capital
Bloomberg Deutsche Lufthansa AG will ask shareholders to approve a capital increase that would open a path towards removing the German government as its biggest shareholder. The proposed 5.5 billion euros ($6.5 billion) in fresh capital would give Europe’s largest airline enough cash to replace a so-called silent participation, a major part of Lufthansa’s 9 billion-euro bailout from the state. ...
Read More »United Air to restart pilot hiring in sign of rebound
Bloomberg United Airlines Holdings Inc will resume pilot hiring as the carrier sees signs of a sales recovery amid expanding US vaccination campaigns. The carrier will begin with 300 pilots who received a conditional job offer last year or had a new-hire class that was canceled, Bryan Quigley, senior vice president of flight operations, told employees. The decision followed a ...
Read More »Boeing climbs over big order for smallest Max
Bloomberg Boeing Co rose after Southwest Airlines Co ordered 100 of the smallest version of the 737 Max, cementing a half-century relationship and ending a public flirtation with Airbus SE. The deal for Max 7 planes strengthens Boeing’s first-quarter sales as well as its campaign to bolster its single-aisle aircraft program after two fatal crashes spurred a record flying ban ...
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