Aviation

Bloomberg American Airlines Group Inc is stepping back from fees of as much as $750 to change tickets for international travel, largely abandoning a widely loathed charge as the company rushes to lure passengers back to its long-distance flights. Change fees will cease on flights originating in North or South America for all but the cheapest “basic economy” fares, American ...

Bloomberg The founders of troubled Mexican airline Interjet are negotiating a settlement with tax authorities in an effort to avoid potential criminal fraud charges that could be filed as soon as next month, said an official familiar with the matter. Miguel Aleman Magnani, Interjet’s chief executive officer, and his father, Chairman Miguel Aleman Velasco, could face fraud charges, as could ...

Bloomberg Delta Air Lines Inc is sidestepping millions of dollars in US tariffs on European jetliners by initially routing them far outside the country to such places as Amsterdam, Tokyo and El Salvador. The US carrier has taken delivery of seven European-built Airbus SE planes since President Donald Trump’s levies took effect in October 2019. Rather than flying them home ...

Bloomberg US regulators plan on Wednesday to unveil the long-awaited final requirements for allowing Boeing Co’s grounded 737 Max to return to service after 20 months, according to a person briefed on the plans. The Federal Aviation Administration (FAA) has begun notifying the aviation industry of its schedule, said the person, who wasn’t able to discuss the matter publicly and ...

Bloomberg AirAsia Japan Co has filed for bankruptcy with the Tokyo District Court after flagging last month it would cease operations in the country, as the coronavirus pandemic that’s wiped out travel globally took its toll. The arm of Malaysia’s AirAsia Group Bhd then received a provisional administration order from the court on Tuesday, it said in a statement. “Given ...

Bloomberg EasyJet Plc extended the terms of a government-backed loan in the UK to bolster liquidity as a new wave of coronavirus lockdowns crimps travel in Europe. Britain’s biggest discount airline posted a loss of 835 million pounds ($1.1 billion) for the year through September, within a range already announced, and said in a statement on Tuesday that it will ...

Bloomberg Greater Toronto Airports Authority (GTAA) is monitoring bond market conditions as its most recent debt deal outperforms the wider Canadian dollar corporate bond market. GTAA’s C$500 million ($382 million) of secured bonds due 2028 were quoted at a spread of around 88 basis points over similar-duration government securities, or around 21 basis points tighter than where they were first ...

Bloomberg South Korea’s two biggest airlines plan to merge, with Korean Air Lines Co acquiring Asiana Airlines Inc for 1.8 trillion won ($1.6 billion) following an injection via its parent, Hanjin Kal Corp. The main goal of the acquisition is to stabilise South Korea’s aviation industry amid the coronavirus pandemic and improve its competitiveness, said Hanjin Group, which operates airlines ...

Bloomberg American Airlines Group Inc said it’s reducing flights from major US airports to London next month due to low demand, damping hopes that the holiday season would facilitate a recovery in travel. The airline will stop London flights from New York, Chicago and Charlotte, North Carolina, in December. Passengers can travel to London via its partner British Airways from ...

Bloomberg Online searches for flights from Hong Kong to Singapore surged 300% within three hours of the announcement an air travel bubble would open between the two financial hubs on November 22, according to Trip.com. Searches for Singapore to Hong Kong flights jumped 200%, and volume climbed for hotels in both cities as well, the online travel services provider said. ...