Aviation

Bloomberg Wizz Air Holdings Plc wants to expand its new base at London’s Gatwick airport from just one plane to 20 within a year if it can secure enough takeoff and landing slots. While the hub will open with a lone Airbus SE A321 jet in October, Budapest-based Wizz sees scope to quickly expand it to employ 800 people, an ...

Bloomberg Virgin Atlantic Airways Ltd is set to find out whether it has enough support from creditors for a 1.2 billion-pound ($1.6 billion) rescue or if it will need a judge to overrule them in order to stave off collapse. The UK carrier founded and controlled by billionaire Richard Branson has already secured the backing of three creditor classes and ...

Bloomberg Qantas Airways Ltd plans to cut as many as 2,500 more jobs by offloading ground operations like baggage handling and aircraft cleaning as the cost of the coronavirus pandemic mounts. The reductions follow previously announced plans to eliminate 6,000 jobs, or 20% of the workforce, the airline said in a statement on Tuesday. “Airlines have to change how they ...

Bloomberg The Trump administration gave American Airlines Group Inc emergency approval to deploy a new weapon against Covid-19: a surface coating that kills coronaviruses for as many as seven days. The Environmental Protection Agency (EPA) issued the emergency declaration for Allied BioScience Inc’s SurfaceWise2 product, allowing it to be used in some American Airlines planes and airport facilities, as well ...

Bloomberg Finland’s national carrier Finnair Oyj plans to eliminate as much as 15% of its workforce and push through deeper cost cuts in an effort to survive one of the worst crises in aviation history. The airline will slash a maximum of 1,000 jobs and lay off “practically all of its personnel in Finland,” it said on Tuesday. Finnair also ...

Bloomberg Delta Air Lines Inc laid out plans to resume 50 international routes later this year and next that have been grounded by the collapse in travel demand amid the coronavirus pandemic. International flying evaporated after some countries banned travel from virus hot spots and others imposed quarantines. Passenger volume on such flights in the week ending August 16 was ...

Bloomberg American Airlines Group Inc plans to cease flights to 15 smaller US cities because of low demand, beginning the first phase of dropping markets from its network as the coronavirus pandemic keeps millions of flyers off planes. The reductions are effective from October 7, shortly after the expiration of service requirements tied to federal payroll aid, American said in ...

Bloomberg Ryanair Holdings Plc plans to cut fewer jobs than initially planned after staff agreed to pay reductions, Sky News reported, citing a senior executive at the company. Europe’s biggest discount carrier originally planned to eliminate 3,000 positions, but will now significantly reduce that total after 97% of pilots and 90% of cabin crew agreed to pay cuts and changes ...

Bloomberg Singapore Airlines Ltd has burned through half of the S$8.8 billion ($6.4 billion) it raised through share sales in just two months even as it cut costs and grounded most of its fleet, highlighting how carriers can keep incurring expenses even when planes are left idle. Of the S$4.4 billion spent since mid-June, S$1.1 billion was used for operating ...

Bloomberg Bain Capital’s resurrection of collapsed airline Virgin Australia Holdings Ltd faces mounting legal opposition as bondholders rally to derail the takeover and salvage some of their debt. What started weeks ago as a long-shot challenge to Bain’s deal from two little-known investors in Asia has attracted the biggest names in finance. Now UBS Group AG, Deutsche Bank AG and ...