Aviation

Bloomberg Thai Airways International Pcl is seeking a capital infusion of as much as 50 billion baht ($1.65 billion) under a debt restructuring plan set to be submitted to a bankruptcy court to keep the flag carrier operational, according to people familiar with the matter. The fund may be raised through equity, loans or convertible securities, said the people, who ...

Bloomberg London’s Heathrow airport will charge departing passengers an extra 8.90 pounds ($12.40) in an effort to claw back costs as the coronavirus crisis depresses air travel. The tariff is permitted by the UK’s aviation regulator under a protocol that allows the hub to cover costs for utilities, baggage and check-in services. Heathrow makes “zero profit” from such activities, with ...

Bloomberg Australia’s treasurer said he’s considering measures to support firms like Qantas Airways Ltd and others that are still struggling with fallout from the coronavirus pandemic, once the government’s JobKeeper wage subsidy expires late next month. “We are looking at other measures that we can put in place post-JobKeeper to support a range of industries including the aviation sector,” Josh ...

Bloomberg Virgin Galactic Holdings Inc sank after saying its next test flight to space won’t occur until May, three months after the previous plan and further delaying the company’s space tourism trips. The new schedule also pushed back Virgin Galactic’s plan to carry billionaire founder Richard Branson on a separate test that had been set for the first quarter, since ...

Bloomberg Boeing Co has agreed to pay $6.6 million in penalties to US regulators after failing to comply with a 2015 agreement to improve its safety processes. The Federal Aviation Administration (FAA) announced the penalties in a press release. The company agreed to pay $5.4 million to settle earlier cases brought against the company and another $1.21 million for two ...

Bloomberg British Airways parent IAG SA said there are grounds for optimism about air travel this summer, after posting its first annual loss in almost a decade. The airline group reported an operating loss of 7.43 billion euros ($9 billion) in 2020, according to a statement. While Chief Executive Officer Luis Gallego expressed growing confidence that a recovery will take ...

Bloomberg UK holidaymakers reappeared with a roar, showering EasyJet Plc and tour operator TUI AG with summer bookings just hours after PM Boris Johnson outlined a roadmap for air travel to return. EasyJet ticket sales more than quadrupled in the hours after Johnson said that international trips may restart as soon as May 17, the UK carrier said in a ...

Bloomberg A Boeing 777-200 operated by United Airlines made an emergency return to Denver International Airport following an engine failure that rained debris on a city suburb. The airline said no-one aboard was injured. United Flight 328 was headed from Denver to Honolulu when the incident occurred around 1:30 pm, Federal Aviation Administration (FAA) spokesman Allen Kenitzer said by email. ...

Bloomberg Malaysia’s high court ordered that struggling budget carrier AirAsia X Bhd’s largest creditor Airbus SE be separated out from other stakeholders in restructuring talks for the airline. By putting Airbus in a category of its own, smaller creditors, who had pushed for a greater say, will likely gain a larger voice against the European planemaker in the debt talks. ...

Bloomberg American Airlines Group Inc and JetBlue Airways Corp kicked off the first phase of a marketing alliance in the northeastern US even though several states are investigating competition concerns and pilots at one of the carriers have objected. Nearly 80 routes sharing American and JetBlue codes go on sale, meaning travelers can book with one carrier for flights on ...