Aviation

Bloomberg Airbus SE plans to pursue voluntary job cuts before seeking forced reductions, as it aims to bring down costs without inciting a political uproar in France and Germany, according to people familiar with the matter. The European planemaker will mandate redundancies only as a last resort after looking at voluntary layoffs and early retirement across its manufacturing operations, said ...

Bloomberg London City Airport reopened for passenger flights after a three-month shutdown due to Covid-19, according to a statement by the airport. New safety features include temperature checks, signs and floor markings to help with social distancing and crowd-tracking technology so staff can monitor and direct passengers in large crowds to quieter areas. Passengers are also being asked to wear ...

Bloomberg The final bids for Virgin Australia Holdings Ltd will show how much appetite private investors really have for an airline industry that’s been battered by the coronavirus pandemic. Private equity firms Bain Capital LP and Cyrus Capital Partners LP made final and binding offers for the airline on Monday, administrator Deloitte said in a statement. The Australian carrier collapsed ...

Bloomberg US officials rejected additional flights proposed by Chinese airlines but said they would reconsider if the Beijing government adjusts its policies affecting American passenger carriers. In a statement, the Transportation Department said it disapproved service schedules submitted by four China-based carriers that currently are allowed to make four combined flights to the US each week, plus additional proposals submitted ...

Bloomberg France plans to ban commercial air travel on the country’s shortest domestic routes in a bid to prevent low-cost carriers picking up links Air France is being forced to abandon as part of the terms of a bailout package. “If we are asking things of Air France, it’s not so that low-cost companies can come along and start their ...

Bloomberg American Airlines Group Inc braced its balance sheet with $3.5 billion in new financing, diverging from its recent reliance on federal aid as the coronavirus pandemic suppresses travel demand. The carrier is selling $750 million of shares and the same amount of senior convertible notes due in 2025, American said in a statement, confirming an earlier Bloomberg News report. ...

Bloomberg Grupo Aeromexico SAB is considering a Chapter 11 bankruptcy filing in the US as the coronavirus pandemic ravages the airline industry, said people familiar with the matter. The Mexican carrier is weighing its options and no final decision has been made, the people said, asking not to be named because the discussions are private. The company is working to ...

Bloomberg Spirit Airlines Inc misclassified as “volunteers” more than 1,000 people who were denied boarding against their will on oversold flights, the US Transportation Department said in announcing a fine against the carrier. The department said consumer complaints filed with its Office of Aviation Consumer Protection showed the budget carrier required that passengers bumped from flights sign waivers or documents ...

Bloomberg Deutsche Lufthansa AG’s fleet of Airbus SE A380 jets will be mothballed for at least two years and may never return to service as demand for long-haul travel remains subdued in the wake of the coronavirus outbreak. With Lufthansa already retiring about half of its 14 superjumbos, remaining jets will be relegated to its secondary hub in Munich. Flights ...

Bloomberg A group of banks led by Goldman Sachs Group Inc may launch a $5 billion debt offering for United Airlines Holdings Inc as soon as Monday, according to people with knowledge of the matter. Goldman Sachs has started discussions with investors to gauge their level of interest, said the people, who asked not to be named because the talks ...