Aviation

Bloomberg London Heathrow airport says it could resume paying a small dividend to shareholders from 2022, the Sunday Times reported. Heathrow said it would not pay dividends this year or next in return for leniency from its shareholders in a submission to the Civil Aviation Authority (CAA). The airport will resume payouts of about 400 million pounds ($538 million) a ...

Bloomberg Southwest Airlines dramatically expanded its furlough warnings, telling employees that 6,828 jobs are at risk as the company and its labour unions have failed so far to agree on how to cut $500 million in costs. Pilots, flight attendants, baggage handlers and other workers got notices that they may be furloughed, Southwest said. The new warnings boost the number ...

Bloomberg Deutsche Lufthansa AG will expand its Christmas flight schedule after a surge in bookings from German tourists, a rare piece of good news for the carrier as it battles to recover from the coronavirus crisis. Lufthansa will add flights to southern European destinations including in Greece, Italy and Spain to meet the rising demand, the company said in a ...

Bloomberg TUI AG, the world’s biggest tour operator, will see its rescue funding topped up to 4.8 billion euros ($5.8 billion) after securing a third tranche of aid from the German government and cash from private investors. The latest package of 1.8 billion euros will include 1.3 billion euros from the state — amassed from federal fund WSF, state-run lender ...

Bloomberg The European Union’s top trade official held out the prospect of a long-sought deal with the US on aircraft subsidies before President Donald Trump leaves office. EU Trade Commissioner Valdis Dombrovskis said “it’s possible” that both sides will reach an agreement by January 20 governing aid to Boeing Co and Airbus SE. He reiterated an offer to remove EU ...

Bloomberg South Africa isn’t just in talks with potential buyers of a stake in the country’s insolvent state-owned airline, it’s also seeking partners for subsidiaries such as low-cost airline Mango and catering unit Air Chefs. The result will be a number of private-sector entities working with various parts of South African Airways (SAA) whenever it resumes operations, according to Public ...

Bloomberg Boeing Co is studying an equity sale and other ways to ease a debt burden that has soared to $61 billion this year amid the worst slump in aviation history. Adding to the financial stress, Boeing will trim output of its 787 Dreamliner to five planes a month by mid-2021, one less than previously planned, Chief Financial Officer Greg ...

Bloomberg Singapore Airlines will prioritise freight capacity to ship Covid-19 vaccines and will conduct test flights soon to trial the process, the Straits Times reported, citing a company statement and an executive’s comments Cargo space will be made available to prioritise the vaccine shipments across key trade lanes, the report said. Boeing Co 747-400 freighters, as well as passenger aircraft, ...

Bloomberg A new airline is preparing to start flights in South Africa next week, entering the industry at a time when carriers near and far are going bankrupt amid the worst crisis in aviation history. Lift, owned by Johannesburg-based leasing company Global Airways, will operate three Airbus SE A320 jets and look to tap returning domestic demand after an almost ...

Bloomberg American Airlines Group Inc is seeing a slowdown in demand because of surging coronavirus cases, signalling a weaker outlook heading into the year-end holidays. After a strong start for the fourth quarter, a deceleration in net bookings growth began before Thanksgiving and has persisted into this month, American said in a regulatory filing. As a result, the company expects ...