Aviation

Bloomberg Qantas Airways Ltd is slashing capacity on international flights in Asia by 15% and freezing recruitment as the coronavirus drives down travel demand. The reductions apply to flights to mainland China, Hong Kong and Singapore and will be in place until at least the end of May, the Australian airline said in a statement. The cuts are the equivalent ...

Bloomberg Air France-KLM warned the coronavirus outbreak will wipe as much as 200 million euros ($216 million) from earnings, hammering home the financial impact of the crisis even thousands of miles from its epicenter in China. The estimate includes losses from halting flights to the Asian nation this month and next, and assumes that services will resume in April, the ...

Bloomberg Aviation enthusiasts take note: Look for bigger jets flying around North America over the next two months as the coronavirus forces carriers to redeploy some of their largest aircraft from suspended China routes. The US carrier with the most service to China, United Airlines Holdings, is moving 19 wide-body aircraft to mainly domestic service through April 23, when discontinued ...

Bloomberg China is considering measures such as direct cash infusions and mergers to bail out an airline industry crippled by the coronavirus outbreak, according to people familiar with the matter. One proposal involves allowing some of the nation’s biggest carriers — which are controlled by the state — to absorb smaller ones suffering the most from the collapse of travel, ...

Bloomberg Both firms shortlisted as potential buyers for Jet Airways India Ltd missed the bidding deadline on February 18, forcing another extension with just weeks to go until they hit a key liquidation trigger. Prudent ARC Ltd and Synergy Group Corp now have until March 9 to bid for the bankrupt airline, said a person familiar with the matter. While ...

Bloomberg As an Air India flight landed at the airport in Wuhan last month to rescue Indians stranded in the coronavirus-hit city, Captain Kamal Mohan couldn’t help but think that he had entered a post-apocalyptic film set. “It was frightening,” Mohan said in an interview. “It’s a massive airport, so just imagine not seeing a soul. You’d think a zombie ...

Bloomberg Vistara, the Indian affiliate of Singapore Airlines Ltd, will become the country’s first carrier to offer in-flight Wi-Fi and streaming services on its new Boeing Co 787 Dreamliners, in what could boost its ambitions as a premium airline in one of the world’s busiest markets. Passengers will be able to access sites like Facebook and messaging service WhatsApp, as ...

Bloomberg With just one business left, Bombardier Inc has officially declared its selling spree over. The Montreal-based company, which once made everything from snowmobiles to commercial aircraft, will focus solely on corporate jets following its announcement of two separate deals to sell off parts of its business in less than a week. And with the proceeds earmarked towards reducing a ...

Bloomberg Vietnam’s Bamboo Airways expects to buy 12 Boeing Co. 777X jumbo jets in the second quarter, according to chairman Trinh Van Quyet, in what would be a multi-billion-dollar boost for the US planemaker after it failed to win a single order for any of its aircraft in January. A deal that size would be valued at almost $5 billion ...

Bloomberg Singapore Airlines Ltd will cut more flights across its global network through May as the outbreak of the novel coronavirus discourages people from travelling. The carrier and its SilkAir unit will reduce flights to cities including New York, London, Frankfurt, Tokyo and Sydney, according to a statement on its website on Tuesday. The company warned that it faces “significant” ...