Aviation

Bloomberg SAS AB is unexpectedly losing its chief executive officer, leaving Scandinavia’s main airline to search for a replacement with the industry going through an unprecedented crisis. CEO Rickard Gustafson is leaving to take the top job at Swedish industrial giant SKF AB, according to a statement. The 56-year-old, who has spent a decade at the helm of Stockholm-based SAS, ...

Bloomberg Airbus SE former Chief Executive Officer Tom Enders has become the latest aviation stalwart to throw his weight behind the future of flight, joining the board of German startup Lilium. Enders, an industry veteran with almost three decades of experience, spent seven years at the helm of planemaker Airbus before stepping down in 2019. Lilium impressed him with its ...

Bloomberg Representatives from Boeing Co and the US National Transportation Safety Board (NTSB) will leave for Jakarta this week to help with an investigation into Saturday’s crash of a Sriwijaya Air passenger jet, which hurtled into the Java Sea with 62 people on board. The Indonesian government granted a waiver allowing the Boeing and NTSB officials to enter the country ...

Bloomberg The retrieval of the black boxes from the wreckage of Indonesia’s Sriwijaya Air Flight 182 will shed light on why the Boeing Co 737-500 jet, a 27-year workhorse of the skies, plunged into the Java Sea just minutes after take off. Until that time, there are questions over what caused the tragedy. Human error, bad weather and equipment malfunction ...

Bloomberg Singapore Airlines Ltd is considering its first-ever offering of dollar bonds, as it tries to bolster cash amid the pandemic. The city-state’s flag carrier is holding a series of fixed-income investor calls in Asia and Europe from Monday for the potential debt sale, according to a person familiar with the matter. The pandemic has devastated the global travel industry, ...

Bloomberg The pursuit of Signature Aviation Plc turned into a three-way contest, with Global Infrastructure Partners (GIP) rejoining the battle for the world’s largest operator of private-jet bases after an earlier bid was rejected. Signature Aviation agreed on Monday to a $4.63 billion buyout by GIP, while leaving the door open for higher offers. Investors will receive $5.50 per share ...

Bloomberg Madrid’s international airport was ready to resume outbound operation after heavy snowfall covered the Spanish capital and much of the rest of the country prompting its closing, Transport Minister Jose Luis Abalos said. A full reopening is going to be “gradual” as airlines cancelled almost all their flights and are now reorganising their schedule, he said. Spain’s biggest hub ...

Bloomberg More than two-fifths of the global population would be willing to fly less even after pandemic restrictions ease, according to a survey that shows a growing belief that individual actions impact the climate. The poll of more than 30,000 people published on Monday by the European Investment Bank (EIB) shows 72% of Europeans and Americans and 84% of Chinese ...

Bloomberg Boeing Co reached a $2.5 billion agreement to settle a criminal charge that it defrauded the US government by concealing information about the 737 Max, the ill-fated jet model involved in two fatal crashes that killed 346 people. The planemaker entered into a deferred prosecution agreement in the Northern District of Texas. In turn, the Justice Department will dismiss ...

Bloomberg WestJet Airlines Ltd said it would reduce capacity by a further 30% in February and March, affecting the jobs or pay of roughly 1,000 employees and bringing the number of domestic and international flights it operates down to levels not seen in almost 20 years. The cuts come after Prime Minister Justin Trudeau’s government ordered travellers to present a ...