Aviation

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 ...

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 ...

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 ...

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 ...

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, ...

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 ...