Aviation

Bloomberg Testing of the 737 Max jetliner’s revised flight-control systems by US regulators and Boeing Co wrapped up, laying the foundation for the plane’s possible return to service later this year. The tests concluded an important milestone in assessing the grounded aircraft’s safety, the Federal Aviation Administration said in a statement. “During three days of testing this week, FAA pilots ...

Bloomberg Airbus SE embarked on the most extensive restructuring in its history, setting out plans to cut 15,000 civil-aerospace jobs as it attempts to steer through the crisis brought on by the coronavirus pandemic. The European planemaker will eliminate more than 10,000 positions across its main bases in Germany and France, part of an 11% reduction in global headcount, according ...

Bloomberg Wizz Air Holdings Plc, Europe’s third-biggest discount airline, is attracting more passengers than long-time market leader Ryanair Holdings Plc as it races to restart flights following the easing of coronavirus lockdowns. Chief Executive Officer Jozsef Varadi has been building up operations faster than rivals, helped by Wizz’s focus on Eastern Europe, where the pandemic has had less of an ...

Bloomberg Norwegian Air Shuttle notified Boeing that the carrier is terminating purchases for all 97 of its remaining jets on order, underscoring the financial strains caused by a 15-month grounding of the 737 Max after two fatal accidents. In more bad news for Boeing’s best-selling jet, Singapore-based BOC Aviation Ltd said in a filing it was cancelling orders for 30 ...

Bloomberg Ryanair Holdings Plc dismissed the UK’s plan to relax quarantine requirements for people arriving from France, Greece and Spain as “more idiotic rubbish” and called for the restrictions to be scrapped entirely. The government plans next week to publish a full list of the countries with which it will establish so-called air bridges — exempting incoming travelers from self-isolating ...

Bloomberg British Airways, a unit of International Consolidated Airlines Group, will cut 350 pilots and put another 300 in a “pool” for re-hire when needed as part of a deal reached with cockpit crew, The Sun reported. Most of the pilots facing compulsory redundancies worked from Gatwick airport in London, according to the report, which didn’t say where the information ...

Bloomberg Delta Air Lines Inc will inform almost 2,600 pilots about a possible furlough while encouraging a total of 7,900 eligible aviators to accept an early retirement package, according to a memo sent to staff. “Even with the increased travel demand we’ve seen in recent weeks, we expect revenue to be at only 25% of what it was last summer ...

Bloomberg American Airlines Group Inc said it would sell flights to capacity starting from July 1, abandoning caps on passenger loads that were designed to promote social distancing amid the coronavirus pandemic. Customers still will be notified when they’re booked on crowded flights and can move their reservations at no cost, the airline said in a statement. Starting from June ...

Bloomberg Boeing Co and federal regulators are preparing to hold a critical set of test flights on the 737 Max early next week, and laying plans for other milestones toward ending the jetliner’s 15-month grounding including convening a panel of pilots to go over a proposed training course. Aviation industry officials briefed on the plans, which still haven’t been finalised, ...

Bloomberg British Airways proposed a pay deal for its flight attendants that would guarantee 80% of current basic salaries while limiting the need for mass job cuts amid the Covid-19 pandemic. The carrier would also reduce expenses by targeting the variable allowance component of cabin-crew pay, according to a letter to staff seen by Bloomberg News. The company said the ...