Aviation

Bloomberg European airlines are offering some attractive discounts to people itching for an escape from months of coronavirus lockdown. But fares could rise quickly as demand picks up. Following months of idled flights, carriers are touting promotional summer prices as they return to the skies, with Ryanair Holdings Plc advertising return trips from London Stansted to Seville, Spain, in mid-July ...

Bloomberg Deutsche Lufthansa AG issued a plea to investors to turn up and vote for a $10 billion bailout package or risk tipping Europe’s largest airline into insolvency. The carrier said it expects attendance at its June 25 shareholder meeting to fall below 50% of votes, meaning two-thirds of stockholders would need to vote in favor if the bailout package. ...

Bloomberg United Airlines Holdings Inc is planning to raise $5 billion by borrowing against its frequent-flyer program, pioneering a new tool for US carriers to boost liquidity amid the Covid-19 pandemic. Goldman Sachs Group Inc, Barclays Plc and Morgan Stanley have committed to provide the financing and arrange syndication, United said in a statement. The deal, which is expected to ...

Bloomberg The US government will allow Chinese airlines four flights a week into its airports, an expansion following China’s announcement it would permit the same number of operations by the Americans. In the latest action, after weeks of diplomatic wrangling on passenger flights between the two nations, the Transportation Department issued an order that doubles the number of operations permitted ...

Bloomberg American Airlines Group Inc is in talks to raise new financing to help it weather the collapse in travel demand during the pandemic, according to people with knowledge of the matter. The company is working with Citigroup Inc on a potential junk bond offering that may be secured by collateral including airport slots and gates, said the people, who ...

Bloomberg The return of Boeing Co’s 737 Max to European skies is at risk of additional delays because US coronavirus travel restrictions have hindered planning for test flights by regulators from the continent. The European Union Aviation Safety Agency (EASA) will perform its flight tests on the grounded Boeing jet after the US Federal Aviation Administration conducts its own, said ...

Bloomberg EasyJet Plc said a travel restart in the UK is lagging behind the rest of Europe because a 14-day quarantine for people arriving in Britain puts off would-be travellers from flying. The Luton, England-based carrier is seeing strong demand away from its home market, Chief Executive Officer Johan Lundgren said in a Bloomberg TV interview on Monday. EasyJet, which ...

Bloomberg German airline Condor will cut about 15% to 25% of its staff in an attempt to slash operating costs amid the ongoing coronavirus crisis, CEO Ralf Teckentrup told Frankfurter Allgemeine Sonntagszeitung. The carrier formerly owned by failed travel firm Thomas Cook Group Plc plans to shed “between 650 and 1,000 jobs,” a move Teckentrup said was in line with ...

Bloomberg UK lawmakers lashed out at British Airways over plans for 12,000 job cuts, saying the carrier had sought to exploit the coronavirus crisis to slash headcount and weaken employment terms for remaining staff. The House of Commons transport committee said in a report on the pandemic’s impact on aviation that while some workforce reductions were inevitable, BA had made ...

Bloomberg China Eastern Airlines intends to establish a new airline in Hainan along with a group of other investors to take advantage of planned free-trade area and tourism growth, it says in a filing to the Hong Kong stock exchange. Shanghai-based carrier would be the majority shareholder in Sanya International Airlines. Other backers include the governments of Hainan province and ...