Aviation

Bloomberg A union representing Cathay Pacific Airways Ltd crew called on members to sign a petition to prize out more information about a restructuring plan amid concerns that the troubled carrier is set to cut jobs. “The whole crew community is shrouded in anxiety with numerous unverified news about redundancy circulating among social media groups,” Cathay Pacific Airways Flight Attendants ...

Bloomberg Malaysia Airlines Bhd is continuing talks with leasing companies about a restructuring plan as it tries to weather the coronavirus pandemic. Malaysia Aviation Group, the holding company for the country’s flag carrier, is pleased with the level of support it has received from lessors and is “confident that there are appropriate legal mechanisms available should that support not be ...

Bloomberg TUI AG’s finance chief will leave at year-end in a setback for the struggling tour operator as it works on plans to raise more cash. Chief Financial Officer Birgit Conix told the company she won’t extend her contract, TUI said. Sebastian Ebel, who is already a member of the executive board, will take over on January 1, according to ...

Bloomberg Boeing sees a turbulent ride ahead for the world’s jetliner market, with sales contracting sharply this decade before eventually rebounding in the 2030s as new models and technologies spur growth. Boeing released the report days after deciding to consolidate production of its marquee 787 Dreamliner in South Carolina, shutting down a final assembly line at a storied plant in ...

Bloomberg AirAsia X Bhd’s restructuring plan was met with bleak forecasts and ratings from analysts as well as a 10% drop in its share price, underscoring the daunting challenges that lie ahead for the grounded carrier. Public Investment Bank Bhd maintained its underperform rating and 1 sen price target on the airline, the long-haul arm of AirAsia Group Bhd. Max ...

Bloomberg Airbus is betting that its corporate-jet division won’t be as hard hit by the pandemic as commercial flights as the planemaker unveiled a business version of its A220 model. The aircraft will have three times more cabin space and cost about a third less to run than competing models, said Airbus, which took over the development of the plane ...

Bloomberg Southwest Airlines Co will seek to cut employee compensation in a last-ditch effort to avoid the first involuntary layoffs in the company’s 49-year history. The company wants to have givebacks in place by January 1, CEO Gary Kelly told employees in a video message, warning that “we all need to sacrifice more.” Kelly won’t receive a salary through the ...

Bloomberg South Africa should act to preserve its insolvent national airline and seek to partner the carrier with Ethiopian Airlines Group, according to a study commissioned for ruling-party lawmakers. The assessment, seen by Bloomberg, was prepared by African Aviation Services and dated October 4. It was presented to a group of African National Congress lawmakers, according to an ANC official ...

Bloomberg Ryanair Holdings Plc is reported to be in talks to purchase between 150 and 200 Boeing Co 737 Max aircraft, in a deal that would boost confidence in the grounded jet as it prepares for a return to service. Ryanair is discussing a mix of Max 200s, the version it has already ordered, and the bigger Max 10, the ...

Bloomberg AirAsia Group Bhd has stopped funding its Indian affiliate as the global travel slump leaves the Malaysian group struggling to support a sprawling empire of no-frills airlines, people familiar with the matter said. AirAsia India Ltd’s future may now depend on Indian conglomerate Tata Group, its majority shareholder, which has provided emergency funding but has yet to commit to ...