Aviation

Bloomberg Embraer tumbled to the lowest since 2009 after Boeing scrapped a proposed $4.2 billion commercial-jet deal amid a severe slump in aircraft sales. The Brazilian planemaker has already begun arbitration proceedings, according to a regulatory filing, two days after vowing to seek damages from Boeing. The US aerospace giant pulled the plug on April 25, citing unspecified issues. Last ...

Bloomberg National carrier Vietnam Airlines JSC will provide flights to San Francisco and Washington DC for Americans in early May, according to a posting on the website of the US Embassy & Consulate in Vietnam. The flights were arranged after most international flights to and from Vietnam were suspended due to the novel coronavirus outbreak. The first flight is scheduled ...

Bloomberg Airbus SE chief Guillaume Faury warned employees that the planemaker is “bleeding cash” and needs to quickly cut costs to adapt to a radically shrinking aerospace industry. With airline customers fighting to survive and unable to accept new aircraft, Airbus is juggling its delivery schedules while reassessing its long-term outlook for the aerospace industry, Faury told staff in a ...

Bloomberg London’s Heathrow airport has asked the British government to consider allowing it to screen people for the coronavirus to help allay passenger fears once flights resume. Heathrow Chief Executive Officer John Holland-Kaye wrote to Health Secretary Matt Hancock saying a more stringent regime may be required at airports. Such measures could include temperature tests that the UK has ruled ...

Bloomberg Deutsche Lufthansa AG risks running low on cash within weeks, with the German airline saying the global oil rout has deepened its distress, and its survival now depends on a multibillion-euro bailout from four states. Liquidity will fall sharply if Europe’s largest carrier is unable to soon access aid, Lufthansa said. The coronavirus pandemic has forced the sprawling airline ...

Bloomberg Indonesia is banning domestic air travel through June 1 to limit the spread of coronavirus in the Southeast Asian nation. The ban applies to both scheduled services as well as chartered and private flights, Novie Riyanto, director general of civil aviation, said. The move comes ahead of a month-long festive season when millions of Indonesians are expected to return ...

Bloomberg The co-owner of Virgin Atlantic Airways Ltd said it’s unable to invest more in Richard Branson’s struggling UK airline, and raised the possibility it could face going through insolvency proceedings. Delta Air Lines Inc, which owns a 49% stake in Virgin Atlantic, can’t help out because it’s consumed with its own problems and has already bumped up against UK ...

Bloomberg Delta Air Lines Inc is seeking to raise $3 billion from loans and bonds as it grapples with a global travel shutdown caused by the coronavirus pandemic. The company is offering a $1.5 billion first lien term loan due 2023 and the same amount in senior secured bonds maturing in 2025, it said in a statement. The debt, which ...

Bloomberg Boeing Co is tapping Mark Jenks, the head of its 737 programme, to oversee a drive to improve manufacturing practices across all of its commercial aircraft programs, according to an internal memo viewed by Bloomberg. The changes are part of a broader shake-up at Boeing’s commercial division under Stan Deal, who took control late last year as the planemaker ...

Bloomberg American Airlines Group raised the cost of checking a bag on a trans-Atlantic flight by 25% for customers buying its cheapest ticket as carriers worldwide struggle with the collapse of travel demand due to coronavirus. The fee to check a first bag rose to $75 from $60 for passengers who purchase a Basic Economy ticket after April 21, American ...