Aviation

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 ...

Bloomberg Ryanair Holdings Plc slashed its winter schedule, while denouncing new coronavirus-related travel restrictions as “draconian” and calling for faster vaccine rollouts in the UK and its home country of Ireland. Europe’s biggest discount airline said it will offer few flights from January 21 until the travel curbs are lifted. The cutbacks go beyond ones made earlier in the week ...

Bloomberg Airlines kicked off 2021 by shrinking their already meager UK schedules, prompted by a new coronavirus lockdown and the prospect of further restrictions on travel abroad. EasyJet Plc, Britain’s biggest discount carrier, pared back its flying program to prioritise essential connections between key UK cities and “a small number of international routes.” British Airways said it’ll keep crucial links ...

Bloomberg Qantas Airways Ltd has started taking bookings for international flights from July 1 in a perhaps optimistic view that by then, vaccinations will have begun to curb the spread of the coronavirus and travel demand will pick up. Ticket sales for Japan, Hong Kong and Singapore, which had been set to start in March, have been pushed back to ...