Aviation

Boeing delivers its first 787 in months as inspections continue

Bloomberg Boeing Co. delivered its first 787 Dreamliner since October, handing over a jet to United Airlines Inc. while the planemaker continues to inspect others for small structural defects. United received a new 787-9 and will take another, a spokeswoman for the airline said. The first plane will be ferried from Charleston, South Carolina, to the carrier’s San Francisco hub ...

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EU suggests global airline emissions plan ineffective

Bloomberg A European Union (EU) report found that an aviation industry agreement to tackle global carbon-dioxide emissions may not have a materially positive impact on the environment. The findings were made in September by the Directorate-General for Climate Action and published by non-profit Transport & Environment, which obtained the report. It said the Corsia system is less effective than existing ...

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Korea travel app eyes dual IPO listing at $4 billion-plus value

Bloomberg South Korea’s largest travel app Yanolja Co. is in talks with banks to go public through a dual listing in Seoul and overseas, people with knowledge of the matter said, joining a growing cohort of startups seeking higher valuations abroad. The company is aiming for a value of more than $4 billion, one of the people said, confirming previous ...

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British Airways weighs sale of its headquarters

Bloomberg British Airways is considering putting its sprawling headquarters in London up for sale as the flagship UK carrier plans for a so-called hybrid approach to working, according to an internal email. The airline has hired a specialist property company to gauge if a sale of the building, known as Waterside, would be beneficial, Stuart Kennedy, BA’s director of people, ...

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Airport traffic bump shows signs of life for jet market

Bloomberg A pick-up in spring break travel is pointing to the first signs of life for a battered jet fuel market, a trend that is likely to continue as more vaccinated Americans venture back onto airplanes this summer. In US airports, the number of passengers checking in through security hit the highest in a year this week, according to Transportation ...

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Bamboo Airways sees $2.7 billion market cap at listing

Bloomberg Vietnam’s Bamboo Airways expects a market capitalisation of about $2.7 billion at its planned listing no later than the third quarter as it anticipates a June or July easing of the government’s pandemic halt of international flights. The carrier, which began operations in 2019, plans to list 105 million shares on either the Ho Chi Minh City Stock Exchange ...

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Indonesia plane skids off runway

Bloomberg An Indonesia cargo plane that returned to base shortly after takeoff because of a technical issue skidded off the runway when it landed at a Jakarta airport, the air-navigation operator said. Trigana Air’s Boeing 737-400 returned to Halim Perdanakusumah Airport about two minutes after takeoff, AirNav spokesman Yohanes Harry Douglas Sirait said. Several flights were diverted from the facility ...

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Avianca adds routes to beaches with eye on bankruptcy exit

Bloomberg Avianca Holdings SA plans to add dozens of routes using smaller aircraft as it plots its emergence from bankruptcy later this year, the airline’s chief executive said. Colombia’s largest carrier is expanding with 50 direct routes between secondary cities in coming years, said CEO Anko van der Werff in an interview. Using narrow-body planes, it will target tourist spots ...

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Airlines face new challenge with fuel prices on upswing

Bloomberg Just as airlines start to emerge from their biggest slump on record, the industry is facing a new headache: a rapid rise in fuel prices. Escalating fuel costs will create a dilemma for carriers who unwound hedges that proved costly when demand suddenly disappeared when the coronavirus hit last year, said John Grant, senior analyst at OAG, which tracks ...

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Norse Atlantic to use Norwegian planes with fresh paint job

Bloomberg Norse Atlantic Airways is copying more than just the long-haul playbook of insolvent discounter Norwegian Air Shuttle ASA. It’s using the carrier’s old planes. The startup airline has agreed to lease nine Boeing Co. 787 jets formerly used by Norwegian, Norse Chief Executive Officer Bjorn Tore Larsen said in an interview. The new company, which announced that it plans ...

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