Aviation

Bloomberg Malaysia Airlines Bhd has reached out to lessors, creditors and key suppliers as part of its “urgent” restructuring exercise as it sees little sign of the pandemic easing. The flag carrier, wholly owned by Malaysia’s sovereign wealth fund Khazanah Nasional Bhd, would take more drastic measures if the restructuring can’t be completed over the next few months, according to ...

Bloomberg United Airlines Holdings Inc’s pilots agreed to accept lower minimum pay guarantees to prevent almost 4,000 of their members from being put on furlough. The pact with United won 58% support in a vote by union membership, the Air Lines Pilots Association (ALPA) said. The airline had sought to cut costs while avoiding pilot layoffs because of the expense ...

Bloomberg Singapore Airlines Ltd is opening one of its Airbus SE A380 superjumbos as a temporary restaurant, joining a gaggle of other carriers trying out novel ways to raise cash while the coronavirus decimates air travel. Diners can choose their cabin class where they will be served meals with two alcoholic drinks and free flow of other beverages, the carrier ...

Bloomberg South Africa’s National Treasury wants strict conditions attached to any guarantees it provides for loans to the country’s embattled state airline, according to two people familiar with the matter. Treasury and Department of Public Enterprises officials met to discuss ways to restart South African Airways, the people said, asking not to be identified because the talks are private. Representatives ...

Bloomberg Airbus SE is considering reduced working time in production areas in France over the next two years to help the European planemaker limit job losses prompted by a collapse in global air travel due to Covid-19. The move would help it preserve skills in order to restart single-aisle aircraft production at rates similar to last year between 2023 and ...

Bloomberg ANA Holdings tumbled as much as 8.5% in Tokyo trading on September 28, its biggest intraday drop since April 1, after a report the airline is considering raising $1.9 billion via a public share offering. The Japanese carrier is also planning to cut costs by selling aircraft and disposing of non-core businesses, Nikkei reported, without saying where it got ...

Bloomberg The top US aviation regulator plans to test-fly Boeing Co’s grounded 737 Max in an attempt to show an antsy public that proposed fixes will be safe, according to a notification sent to Congress. Federal Aviation Administration (FAA) chief Steve Dickson, who is licensed to fly the 737 along with several other jetliners from his time as a pilot ...

Bloomberg Delta Air Lines Inc warned it would take a pretax accounting charge of $2 billion to $2.5 billion after deciding to remove three aircraft types from its fleet amid an unprecedented collapse in air travel. The noncash impairment will be recorded in third-quarter results, which are due next month, Delta said in a regulatory filing. The company will retire ...

Bloomberg American Airlines Group Inc closed a $5.48 billion loan with the US Treasury, increasing its pool of cash to help fund operations until travel demand begins to return. The credit facility, backed by American’s loyalty program, increased from an original $4.75 billion target after rivals such as Delta Air Lines Inc and Southwest Airlines opted out of the funds ...

Bloomberg Hawaiian Airlines will offer customers drive-through coronavirus testing in California to help island-bound travellers avoid a 14-day quarantine rule —its answer to rival United Airlines’ new on-the-spot airport screenings. The competing testing plans would satisfy Hawaii’s requirement for visitors to show a negative test result within 72 hours of arrival in order to avoid its self-isolation rule, which has ...