Aviation

Bloomberg Thai Airways International Pcl, the nation’s flagship carrier, got court approval for its business restructuring on Monday. The Central Bankruptcy Court decided that the airline can proceed with its business reorganisation plan, a crucial step forward for the embattled company, which has around 350 billion baht ($11 billion) of debt, according to Chansin Treenuchagron, its acting president. The flagship ...

Bloomberg Singapore Airlines Ltd is eliminating about 4,300 jobs, or 20% of its workforce, as the coronavirus outbreak devastates the aviation industry. The cuts will be made at Singapore Airlines and its SilkAir and Scoot units. Discussions are underway with unions and arrangements will be finalised as soon as possible, the carrier said in a statement. “Having to let go ...

Bloomberg Two top Boeing executives have told US government investigators that the design process for the 737 Max was not flawed, despite the plane suffering two fatal crashes, according to the Wall Street Journal. Keith Leverkuhn and Michael Teal, who oversaw the development of the aircraft, didn’t concede any procedural mistakes, according to the article, which cited transcripts of closed-door ...

Bloomberg A Colombian court temporarily blocked a $370 million government loan to Avianca Holdings SA after a citizen expressed concern about a lack of guarantees. The Cundinamarca Administrative Tribunal granted an injunction to suspend disbursement after a motion filed by a citizen against the Finance Ministry, the presidency and the airline said the loan, part of its debtor-in-possession financing, may ...

Bloomberg Thai Airways International Pcl, the nation’s flagship carrier, faces one of its biggest challenges in its 60-year history, with a local court set to rule on its debt restructuring on Monday. The Central Bankruptcy Court will decide whether the airline can proceed with its plan to rehabilitate its debt. The company, which had total liabilities of 332.2 billion baht ...

Bloomberg Deutsche Lufthansa AG plans to eliminate its biggest passenger jets as it deepens fleet cuts, creating a knock-on in additional job losses, people with knowledge of the proposals said. Lufthansa is looking at retiring remaining Airbus SE A380 double-deckers, the bulk of smaller A340s, and all of its older Boeing Co 747-400 jumbos, according to the people, who asked ...

Bloomberg The UK’s fluctuating quarantine restrictions are again leading to punishing airfares for vacationers forced to rush home on short notice. Travellers scrambling to return from Portugal before a rule requiring self-isolation kicks in on Saturday faced paying more than $640 for a one-way ticket, based on fares from both British Airways Plc and Jet2holidays Ltd. Airlines have been vocal ...

Bloomberg Boeing Co’s grounded 737 Max jetliner completed a round of test flights with European air-safety regulators, taking another step towards a return to the skies. The European Union Aviation Safety Agency (EASA) will now evaluate data from the trips, it said in a statement. The agency, based in Cologne, Germany, performed the flights from Vancouver, near Boeing’s Seattle-area operations, ...

Bloomberg The Philippines has eased distancing rules in public transport, allowing trains and planes to have more passengers amid the region’s worst coronavirus outbreak, the Department of Transportation said. The agency and economic managers’ proposal to increase public transport ridership and accommodate more people going back to work was approved by the government’s coronavirus task force, Transport Secretary Arthur Tugade ...

Bloomberg Almost every Boeing Co 787 Dreamliner may have a newly disclosed manufacturing flaw in its horizontal stabiliser, said a person familiar with the matter. While Boeing says the issue doesn’t pose an immediate hazard, engineers are studying whether the fault could prematurely age the jets’ carbon-fiber structure. Improper gaps in the stabiliser, the small wing in the aircraft tail, ...