Aviation

Bloomberg Lessors have taken back at least 27 planes from Mexico’s Interjet, according to a company that tracks leased aircraft, making the airline one of the first to lose a big chunk of its fleet as the coronavirus pandemic torpedoes travel demand. The repossessed Airbus SE jets have been flown mainly to Arizona and California, said UK-based aviation consultant IBA ...

Bloomberg Wizz Air Holdings Plc Chief Executive Officer Jozsef Varadi said Europe’s third-biggest discount carrier will take delivery of hundreds of new jetliners as planned despite idling 90% of capacity in response to the coronavirus outbreak. Wizz will accept all 15 Airbus SE planes due this year, followed by the rest of its commitment, to position itself for a post-virus ...

Bloomberg Japan’s major airlines are on track to see revenue drop by $4.6 billion from February through May, an industry group said, pushing ANA Holdings Inc and Japan Airlines Co closer to the crisis ensnaring other global carriers because of the coronavirus pandemic. Scheduled Airlines Association of Japan’s forecast amplifies its warning from from March 13, when it predicted losses ...

Bloomberg The fight to survive the Covid-19 crisis is pitting airlines across the globe against their grounded customers. Regulations in the US and Europe generally call for carriers to offer passengers a refund if a flight is cancelled, with exceptions for circumstances like bad weather. It happens in normal times, but country lockdowns have dissolved schedules for weeks, with airlines ...

Bloomberg JetBlue Airways Corp will park 100 aircraft and reduce flying capacity 70% this month as passenger loads plummet because of the new coronavirus. The carrier expects the number of passengers to fall to 7,000 daily in April from about 120,000 that it would typically expect, a plunge of 94%, JetBlue said in a statement. The New York-based airline also ...

Bloomberg Deutsche Lufthansa AG Chief Executive Carsten Spohr is facing mounting pressure to hand over an equity stake to the German government as the airline fights for survival in the coronavirus crisis, according to people familiar with the matter. Lufthansa representatives are locked in talks with the cabinet in Berlin, the people said, asking not to be identified because the ...

Bloomberg Kenya Airways Plc is appealing for a cash bailout from the government to be able to survive the next six months as the partially state-owned carrier runs out of money after grounding all international flights to help contain the coronavirus. It will cost the airline about $5 million a month to manage its grounded fleet and retain a workforce ...

Bloomberg Swissport International AG, the airport ground services firm owned by beleaguered Chinese conglomerate HNA Group Co, hired advisers to review its debt as passenger air traffic grinds to a halt because of coronavirus restrictions. The company appointed boutique financial services firm Houlihan Lokey and lawyers White & Case LLP to help the firm “strengthen its financial position,” it said ...

Bloomberg EasyJet Plc’s founder escalated his feud with the board, calling for the ouster of a director in a bid to pressure the discount airline into cancelling a 4.5 billion-pound ($5.6 billion) aircraft order. Stelios Haji-Ioannou, EasyJet’s biggest owner with a 34% stake, proposed a general meeting to remove director Andreas Bierwirth, according to a letter sent to the airline’s ...

Bloomberg Boeing Co is offering employee buyouts and weighing additional savings measures such as new output cuts, as the coronavirus pandemic threatens to depress aircraft sales for years. While the company has yet to alter production plans, it’s taking a closer look at manufacturing rates for wide-body jets amid plunging demand, said a person familiar with the matter. Boeing was ...