Aviation

Bloomberg Singapore Airlines Ltd pilots have agreed to further pay cuts to remain in employment, the carrier said. The city-state’s flag carrier and the Air Line Pilots Association — Singapore reached the agreement and the company will implement the measures for all remaining pilots in Singapore Airlines and SilkAir with effect from October 1. The deal will help to mitigate ...

Bloomberg Philippine Airlines Inc said it has received refund requests totaling 15.9 billion pesos ($329 million) amid the coronavirus pandemic, seeking customers’ understanding as it has only paid back 80% of that amount. The carrier owned by billionaire Lucio Tan has canceled more than 60,000 flights since March, affecting over 1.3 million passengers, it said in a statement. Asia’s oldest ...

Bloomberg US accident investigators who last year urged broad reforms of aircraft certification after two deadly crashes of Boeing Co’s 737 Max have endorsed fixes for the jet proposed last month by the Federal Aviation Administration. A letter from National Transportation Safety Board (NTSB) Chairman Robert Sumwalt said safety reviews by the regulators and proposed changes to pilot procedures had ...

Bloomberg The administrators of South African Airways (SAA) remain in the dark about when the funds the government said it will provide to restart the insolvent national carrier will land. “The government sent a letter to the business rescue practitioners saying that National Treasury and the cabinet had committed to providing 10.5 billion rand ($650 million) in funding for SAA,” ...

Bloomberg Kenya Airways Plc needs at least $500 million to ride out the coronavirus crisis after first-half revenue plunged almost 50%, Chief Executive Officer Allan Kilavuka said in an interview. The carrier, which is 49% state owned, must also be fully nationalised alongside Kenya Airports Authority, which runs the Nairobi hub, under a holding structure similar to that of regional ...

Bloomberg Qantas Airways Ltd Chief Executive Officer Alan Joyce’s compensation fell 83% to A$1.7 million ($1.2 million) in the year ended June as the airline slashed salaries and bonuses to save money during the coronavirus crisis. Joyce went without pay from early March until August, when he started taking 65% of his base salary, Qantas said. He got no bonus ...

Bloomberg Deutsche Lufthansa AG is preparing for more drastic cutbacks in its global workforce and airline fleet than it previously planned, after a hoped-for recovery of air traffic fizzled out. Recent rules that forced travellers into quarantine have had a catastrophic effect on bookings, Chief Executive Officer Carsten Spohr told staff at a meeting, according to people in attendance. For ...

Bloomberg Qantas Airways Ltd is considering shifting its headquarters from Sydney in an effort to cut costs as the pandemic forces it to scale down operations. The carrier announced a three-month review of its property footprint across the country, and said it was seeking to trim its annual A$40 million ($29 million) bill for rented office space. Qantas appointed Colliers ...

Bloomberg SpiceJet Ltd, one of the world’s biggest customers for Boeing Co’s now-grounded 737 Max jets, said an interim offer of compensation from the US planemaker is higher than what the Indian budget carrier recognised earlier. SpiceJet, India’s second biggest airline, has been using an unusual accounting method to book income on expected compensation from Boeing in the past few ...

Bloomberg Airbus SE is offering French employees a bonus of two months’ salary if they accept voluntary severance by the end of next month, stepping up efforts to thin its ranks with fewer forced layoffs. The pandemic-hit planemaker is also offering to top up monthly wages by as much as 350 euros ($415) for up to a year if workers ...