Aviation

Bloomberg Latam Airlines Group SA, Latin America’s largest air carrier, sought bankruptcy court protection in New York after the Covid-19 pandemic grounded flights across the region. The Chapter 11 petition allows Latam to keep operating while the Chilean carrier works out a plan to pay creditors and turn around the business. Latam, whose shareholders include Chile’s Cueto family and Delta ...

Bloomberg Air Canada’s bid for tour operator Transat AT Inc faces an extended probe from European Union regulators who said the deal may hamper competition by combining the two biggest airlines linking Europe and Canada. The European Commission set a September 30 deadline to rule on the deal, citing concerns that the “transaction could significantly reduce competition on 33” routes, ...

Bloomberg The German government’s 9 billion-euro ($9.8 billion) bailout of Deutsche Lufthansa AG may cost the stricken carrier some valuable assets: Key flight slots at airports in Frankfurt and Munich. The European Commission wants Lufthansa to surrender the slots out of concern the aid will give the carrier unfair advantage over competitors, people familiar with the matter said. After weeks ...

Bloomberg EasyJet Plc Chief Financial Officer Andrew Findlay has informed the carrier that he plans to leave next year, days after facing down a demand for his removal from the board in a dramatic shareholder vote. Findlay will stay on until May 2021 when his contract expires, EasyJet said in a statement on Tuesday. The low-cost carrier said it would ...

Bloomberg Ryanair Holdings Plc executives preparing for thousands of job cuts warned employees in Spain that the collapse of air travel had left the discount airline with more than 600 surplus pilots and cabin crew in the country. The Irish carrier estimates it has an excess of 266 pilots and 351 cabin crew, people director Darrell Hughes said on a ...

Bloomberg The German government and Deutsche Lufthansa AG have agreed on a bailout package, German news agency DPA reported without citing the source of the information. After delays in recent days, the committee that manages Germany’s WSF Economic Stabilisation Fund was set to meet on Monday, according to a person familiar with the matter. The meeting is an indication that ...

Bloomberg India’s Maharashtra, home to the nation’s financial hub Mumbai, resumed commercial flights on Monday with reduced domestic services as the state struggles to contain coronavirus infection cases. The state will allow 50 flights per day, from the earlier 200 flight movements, Mumbai airport said in a statement, joining airports in cities including Chennai and Hyderabad in pruning air-travel services. ...

Bloomberg It was supposed to be another regular flight on one of Pakistan’s busiest domestic routes between its two biggest cities. State-run Pakistan International Airlines (PIA) Corp’s PK 8303 flight had a normal departure from the eastern city of Lahore. Close to landing before 2:45 pm local time, the pilots told passengers to fasten their seat-belts as it approached Karachi’s ...

Bloomberg Southwest Airlines Co expects flying capacity later this year to be down about 30% from 2019, potentially leaving the company overstaffed, Chief Executive Officer Gary Kelly said. The carrier may be forced into the first involuntary furloughs in its 49-year history if travel demand doesn’t pick up more swiftly over the summer, Kelly said in a video message to ...

Bloomberg EasyJet Plc founder turned activist Stelios Haji-Ioannou lost out on an attempt to remove the UK airline’s management and block Airbus SE jet purchases. Shareholders resolved to retain four directors including Chief Executive Officer Johan Lundgren, Chairman John Barton and Chief Financial Officer Andrew Findlay at a virtual meeting. Haji-Ioannou, EasyJet’s top investor with a 34% stake, has spent ...