Aviation

BLOOMBERG Latin America’s largest airline is planning a return to US capital markets after cutting nearly $4 billion of debt during a years-long restructuring. Latam Airlines Group SA will seek to re-list its American depositary receipts on the New York Stock Exchange this year after they were suspended during the bankruptcy, Chief Financial Officer Ramiro Alfonsín said in a video ...

BLOOMBERG Federal transportation regulators will decide whether to challenge JetBlue Airways Corp’s purchase of Spirit Airlines Inc only after the Justice Department’s (DOJ) lawsuit to block the deal is decided, setting up lengthy litigation over the deal. Transportation Secretary Pete Buttigieg said in an interview with Bloomberg that his agency is looking at all potential avenues to inject competition into ...

BLOOMBERG German airline passengers faced disruption on March 13, with scores of flights cancelled at Berlin airport as ground staff went on strike over pay. Hamburg, Hanover and Bremen airports are also affected by walkouts and flight cancellations. The Verdi labour union is pushing for improved pay and conditions as workers grapple with the soaring cost of living. The planned ...

BLOOMBERG General Electric (GE) Co jumped the most in more than two years after forecasting continued expansion of profit margins at its aviation division as an independent business. The GE Aerospace business, which now primarily makes and services jet engines, should also see revenue growth at a mid- to high-single-digit rate and generate free cash flow “in line with net ...

BLOOMBERG Travellers are set to come out in fuller force across the Asia-Pacific region this year, though still-high inflation and structural hurdles likely will leave the critical industry still far from pre-Covid levels. Tourist arrivals across the region should reach about half of their 2019 levels, with a full recovery to pre-pandemic norms pushed back to 2025 or 2026, according ...

BLOOMBERG The US president’s plane is getting a new paint job — and it looks a lot like the old one. President Joe Biden has selected a white, light blue and yellow scheme for a modern update to the fleet of Air Force One planes, which are specially modified Boeing Co 747s. The decision scraps plans by former President Donald ...

BLOOMBERG German airline passengers are facing severe disruption on Monday, with commercial departures canceled at Berlin’s biggest airport as ground staff plan to strike amid a protracted pay dispute. Hanover and Bremen will also be affected by walkouts and flight cancellations are likely, the Verdi labour said in a statement. Hamburg has joined the capital’s BER airport in calling of ...

BLOOMBERG Japan Airlines Co. ended a campaign to sell steeply discounted tickets for domestic flights after demand overwhelmed the carrier’s website. “In light of the fact that there is no prospect of restoration at this time” and the impact on other customers, Japan Airlines said it would cancel the promotional sale of flights and April and May, as well as ...

BLOOMBERG Copa Holdings SA is planning to boost flights to Venezuela as a budding economic recovery boosts demand for travel, and new connections to Colombia are set to open. The Panama-based airline aims to add eight new flights to its existing 35 per week, Copa’s general manager in Venezuela, Roberto Pulido, said. These will connect the capital and three other ...

BLOOMBERG Advent International and CVC Capital Partners are among private equity firms weighing bids for a minority stake in Deutsche Lufthansa AG’s aircraft maintenance and repair unit, people with knowledge of the matter said. A stake in Lufthansa’s Technik business is also attracting initial interest from Bain Capital and Blackstone Inc, according to the people, who asked not to be ...