Aviation

Bloomberg Boeing Co signalled it’s at risk of losing more than a third of its 777X order haul because the latest delay to the behemoth jet’s debut — now slated for late 2023 — gives some customers the right to walk away from sales contracts. The US planemaker lowered the backlog for the 777X family to just 191 jets in ...

Bloomberg Canada granted an emergency loan to a company selling beach holidays, the first sign of a rescue package awaited by the industry after PM Justin Trudeau barred travel to Mexico and other sun destinations. Two related firms, Sunwing Airlines Inc and Sunwing Vacations Inc, will receive a combined C$375 million ($292 million) under a federal loan facility aimed at large ...

Bloomberg Three listed companies of China’s HNA Group Co said shareholders and affiliates misappropriated at least 63 billion yuan ($9.8 billion) of funds, deepening the woes of the indebted conglomerate that’s set to be restructured. Hainan Airlines Holding Co, HNA Infrastructure Investment Group Co and CCOOP Group Co also reported they have failed to disclose about 46 billion yuan in ...

Bloomberg Philippine Airlines Inc, owned by billionaire Lucio Tan, said it will cut 2,300 jobs or about a third of its workforce by mid-March as it continues to take a beating from the pandemic. “This has been an extremely difficult and painful decision,” President Gilbert Santa Maria said. The job cuts, first announced in October, include voluntary and involuntary separations, ...

Bloomberg Ryanair Holdings Plc sought to shoot down Germany’s multibillion euro bailout for Deutsche Lufthansa AG, asking a European Union court to cancel EU approval. Germany’s 6 billion-euro ($7.3 billion) recapitalisation and a state guarantee for a 3 billion-euro loan “discriminates unlawfully between EU airlines,” Ryanair said in an emailed statement. The carrier filed its challenge at the EU’s General ...

Bloomberg Canadian Prime Minister Justin Trudeau is introducing sweeping new restrictions on international travel in a bid to stem the spread of new variants of Covid-19 into the country. The country’s largest airlines have agreed to suspend flights to the Caribbean and Mexico for three months, Trudeau said at a press conference in Ottawa. Travellers coming into Canada will now ...

Bloomberg United Airlines Holdings notified 14,000 employees that their jobs will be at risk in April after the second round of federal payroll support expires, saying the coronavirus pandemic still weighs heavily on the travel outlook. The new notices cover every work group except pilots, United said. Last month, US airlines recalled furloughed workers after Congress renewed federal aid for ...

Bloomberg Cuba will make travellers quarantine under a new set of restrictions announced after coronavirus cases surged this month in the Caribbean’s largest island. Tourists, businesspeople and foreign diplomats are among those who will be forced to isolate at their own expense in government-approved hotels upon arriving, according to a statement on the health ministry’s website. Starting from February 6, ...

Bloomberg They’re essential workers performing critical safety work and have been assigned priority designation to receive the coronavirus vaccine. Yet tens of thousands of airport security screeners, air-traffic controllers and federal accident investigators who must report to work in spite of the virus ravaging the US haven’t gotten the shot and aren’t sure how and when they will. “It’s incredibly ...

Bloomberg Southwest Airlines Co is offering another round of voluntary leave as staffing levels remain too high for a flight schedule hammered by the coronavirus pandemic. Time off for employees accepting the offer begins on March 1, when thousands of workers are set to return from six-month leaves awarded last year, Southwest said. Already, 791 pilots have agreed to take ...