Aviation

Bloomberg India is ready to sweeten the deal for the sale of Air India Ltd, the loss-making state-owned carrier, a finance ministry official said. The government is considering allowing potential suitors for Air India decide how much of the flag carrier’s debt they want to take on as part of the deal, Disinvestment Secretary Tuhin Kanta Pandey said in an ...

Bloomberg London Heathrow airport will offer rapid Covid-19 tests to departing passengers as more territories require travelers to provide a clean analysis as a condition for entry. The Oxford LAMP rapid Covid-19 tests will cost 80 pounds ($104) and can be used for travel to destinations including Hong Kong and Italy that are conditioning entry on a negative Covid-19 result, ...

Bloomberg The travel bubble for Hong Kong and Singapore could start with one daily flight between the two financial hubs, according to Hong Kong Secretary for Commerce and Economic Development Edward Yau. The number of dedicated flights under the agreement may change depending on the coronavirus situation in the cities, Yau said at a briefing on Tuesday, without elaborating. The ...

Bloomberg The virus-ravaged airline industry reached a milestone, carrying more than 1 million passengers for the first time in seven months. US airport security checkpoints processed 1,031,505 people, or 39.6% of the equivalent day in 2019, according to a tally by the Transportation Security Administration. Several of the busiest days since mid-March have occurred in the past two weeks and ...

Bloomberg Boeing Co is weighing whether to jettison the Seattle-area headquarters of its commercial-airplane division as it cuts costs and stockpiles cash. A sale of the Longacres industrial park would also include an adjacent building once used to train airline pilots. Boeing converted the wooded suburban campus from a horse-racing track in the 1990s, and the property has 855,000 square-feet ...

Bloomberg American Airlines Group Inc plans to make Boeing Co 737 Max passenger flights at the end of this year for the first time since the aircraft’s grounding in March 2019. The Max will serve the busy Miami-New York corridor once a day starting December 29 through January 4, American said. The airline will “take a phased approach” to returning ...

Bloomberg British Airways was fined 20 million pounds ($26 million) by the UK data protection watchdog over a breach that compromised the personal and financial details of more than 400,000 customers, a cut to a much heftier fine initially planned by the regulator. The UK Information Commissioners’ Office (ICO) said its investigation into a 2018 cyber-attack at the company found ...

Bloomberg AirAsia X Bhd is liquidating its Indonesian arm in a bid to survive the virus pandemic that has left the low-cost airline’s planes grounded since late March. The long-haul arm of AirAsia Group Bhd has also written down its 49% stake in Thai AirAsia X, the airline’s deputy chairman Lim Kian Onn said in an interview with the Star ...

Bloomberg Hedge fund Cyrus Capital is in negotiations with Flybe’s administrator, Ernst & Young, to reacquire some of the airline’s assets. A shareholder of Flybe before its collapse this year, Cyrus wants to relaunch a smaller version of the failed carrier next year, Sky reported, without saying how it obtained the information. Both Cyrus Capital and EY declined to comment ...

Bloomberg Prime Minister Scott Morrison’s government is adding more commercial flights from the UK, India and South Africa and boosting quarantine places so that more Australians stranded overseas by the pandemic can return home. Morrison said Qantas Airways Ltd will provide eight flights over coming weeks from London, New Delhi and Johannesburg. Australia’s capacity to let citizens and permanent residents ...