Aviation

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 ...

Bloomberg India ordered airlines this week to stop selling tickets. Hardly any listened. Four of the country’s top six airlines, which together control 80% of the local market, are selling domestic flight tickets for as soon as the third week of May, searches on their websites showed. That’s despite the government saying no decision has been made on allowing flights ...

Bloomberg United Airlines Holdings Inc raised $1 billion by selling new shares, stepping up efforts to increase capital to survive a collapse in travel demand. The company sold 39.25 million shares at $26.50 apiece, with an option for underwriters to buy an extra 10%, United said in a statement. The price is at the high end of what the stock ...

Bloomberg BOC Aviation Ltd, a Singapore-based aircraft leasing company, is testing bond markets at a time when global passenger airlines are nearly shut due to the coronavirus pandemic. The unit of Bank of China Ltd is marketing dollar bonds at significantly wider spreads than similar debt sold in January. Since that time, the crisis has plunged the aviation industry into ...

Bloomberg South African Airways’ (SAA) administrators will be asked to suspend a legal process to dismiss the airline’s entire workforce, a labor union said. Unions with members at the state-owned airline met with South Africa’s public enterprises, labour and tourism ministers in a video conference today after the administrators said they would start talks on retrenchments after the government cut ...

Bloomberg Virgin Australia Holdings Ltd became Asia’s first airline to fall to the coronavirus after the outbreak deprived the debt-burdened company of almost all income. Administrators at Deloitte, who have taken control of the Brisbane-based carrier, aim to restructure the business and find new owners within months. More than 10 parties have expressed an interest, Deloitte said on Tuesday. Virgin ...