Aviation

Bloomberg Air France-KLM’s board is preparing to meet on Monday to consider a recapitalisation plan for its French arm, according to people familiar with the matter. The multi-billion-euro package would be up for discussion after a deal was reached between the French government and the European Commission. The commission had antitrust concerns, said the people, who asked not to be ...

Bloomberg Airbus SE will buttress its moonshot plan to build a hydrogen aircraft by the middle of the next decade with an effort to power conventional jets with sustainable fuels. CEO Guillaume Faury said that he’s confident the European planemaker can bring a hydrogen plane into service by 2035. In the meantime, Airbus will work to increase the amount of ...

Bloomberg Vietnam’s aviation authority proposed a gradual resumption in international passenger flight arrivals starting in July, the agency said in a post on its website. The agency suggests allowing limited weekly flights between Vietnam and Japan, South Korea and Taiwan with passengers subject to virus tests and 15-day quarantines, according to the website, which cited the agency’s proposal to the ...

Bloomberg American Airlines Group Inc expects to put most of its fleet back in service in the second quarter following “recent strength in domestic and short-haul international bookings” that hint at a gathering travel rebound. Falling infections and hospitalisations and rising vaccinations have spurred demand after a blow early this year when the US required negative coronavirus tests for international ...

Bloomberg French Finance Minister Bruno Le Maire said the government and the European Commission are nearing a deal for the recapitalisation of Air France that could be finalised in the coming days. “The negotiation was long and difficult and isn’t entirely finished,” Le Maire said on Monday on France Info radio. The accord will be fair and protective for Air ...

Bloomberg Unused airline tickets are getting extra shelf life as the steep drop in travel demand extends into a second year due to the coronavirus (Covid-19). Fewer flight credits are on the verge of lapsing after United Airlines Holdings Inc. and American Airlines Group Inc. extended expiration dates into 2022, following similar moves earlier in the crisis by rivals. About ...

Bloomberg Ryanair Holdings Plc is preparing for a rapid return to air travel in Europe this summer, even as rising coronavirus cases and a flawed vaccine rollout threaten to slow the rebound. Europe’s largest discount carrier expects to be flying at about 50% of its pre-pandemic capacity at the start of summer, with the figure reaching 80% in the July-September ...

Bloomberg Norwegian Air Shuttle ASA secured approval of its restructuring plans from an Irish High Court judge, paving the way for the discount carrier to exit insolvency and raise up to $582 million in fresh capital. The examinership process won legal backing after earlier gaining the support of the majority of Norwegian’s creditors and shareholders. The company will now submit ...

Bloomberg The French government is close to finalising a recapitalisation plan for Air France after addressing some antitrust concerns raised by the European Commission, according to people familiar with the matter. The multi-billion-euro package could be announced in coming days following final approval from Brussels and the board of parent Air France-KLM, said the people, who asked not to be ...

Bloomberg Prime Minister Narendra Modi’s government is close to inviting financial bids for flag carrier Air India Ltd., moving toward the sale of an airline that’s surviving on taxpayer money, Civil Aviation Minister Hardeep Puri said. The financial offers are expected to come in within 64 days from the date of request, he said, addressing the Times Network India Economic ...