Aviation

Bloomberg All Boeing Co 737 Max flights around the world are being tracked by US regulators who are keeping watch on the plane after its 20-month grounding. The Federal Aviation Administration (FAA) is using a network of satellites capable of tracking planes in even the most remote regions as if they were under surveillance by local radars, according to the ...

Bloomberg The US government wants to hire 6,000 new airport security screeners by the summer as progress in vaccinating people for Covid-19 is projected to lead to an increase in travel. The Transportation Security Administration (TSA) announced a nationwide recruitment effort, even as the coronavirus continues to significantly depress airline passenger levels. Seasonal travel trends — summer is the busiest ...

Bloomberg Deutsche Lufthansa AG is in talks with planemakers about swapping some orders for larger aircraft to smaller long-distance models, helping to adapt its fleet to an enduring slump in intercontinental business travel as the coronavirus crisis upends demand. Europe’s largest airline group is in negotiations with Airbus SE and Boeing Co about existing orders, with the manufacturers showing flexibility ...

Bloomberg Air France-KLM is the most vulnerable of Europe’s major legacy carriers to an extended slump in passenger traffic and its share price could fall to one euro, according to analysts at Bernstein. The Franco-Dutch airline is in need of another multi-billion euro bailout and “likely has insufficient liquidity to continue into 2022,” the analysts including Daniel Roeska wrote in ...

Bloomberg Air Canada’s proposed takeover of Transat AT Inc has been thrown into doubt after European regulators failed to approve the deal by a February 15 deadline. The companies are still talking about “potential amendments” that can keep the deal alive, Montreal-based Transat said in a statement. However, Air Canada won’t agree to extend the deadline, meaning either company now ...

Bloomberg Air Canada’s former top executive is growing more optimistic about the chances of a government aid package, as a prolonged travel slump forces the Montreal-based airline to further cut capacity. Canada’s biggest carrier said it expects to burn as much as C$17 million ($13.4 million) in net cash per day this quarter and reported fourth-quarter revenue that trailed analysts’ ...

Bloomberg UK leisure airline Jet2 Plc raised 422 million pounds ($582 million) in new equity, adding to its cash reserves with travel virtually shuttered. The new shares, representing about 20% of the carrier’s stock, were sold at 1180 pence each, a 9.1% discount from the closing price, Jet2 said in a statement. “We estimate that Jet2 can now endure a ...

Bloomberg Germany is planning a 900 million-euro ($1.1 billion) bailout of the country’s airports, adding to a multibillion-euro outlay already aimed at helping the aviation sector survive the coronavirus. The government will offer Berlin-Brandenburg, Cologne-Bonn and Munich a package of loans, grants and stake purchases worth more than 400 million euros, according to a transport ministry document seen by Bloomberg ...

Bloomberg Indonesia’s flag carrier PT Garuda Indonesia said it unilaterally ended a Bombardier leasing contract with Nordic Aviation Capital A/S and will return a dozen CRJ jets amid an ongoing bribery probe. The airline terminated the contract after a series of negotiations on price with Nordic Aviation yielded no satisfactory results, according to President Director Irfan Setiaputra. The 12 planes ...

Bloomberg The UK’s latest clampdown on air travel was met with alarm by industry executives, who called the restrictions complex and said they fear a worsening struggle for survival. Health Secretary Matt Hancock outlined details of new restrictions, including a hotel quarantine and multiple Covid-19 tests, coming into force from February 15 in an attempt to prevent dangerous new virus ...