Aviation

Bloomberg China’s aviation market, projected to overtake the US this decade and become the world’s biggest, has shrunk to such an extent due to the coronavirus outbreak that it’s fallen from third to 25th, behind Portugal. Airlines have slashed capacity because of the epidemic centred in Hubei province, leaving the industry reeling. About 1.7 million seats — almost 80% of ...

Bloomberg Cathay Pacific Airways Ltd, among the most high-profile corporate casualties of the pro-democracy protests in Hong Kong, is turning into one of the most impacted airlines from the novel coronavirus outbreak. First-half financial results will be “significantly down” from a year earlier, Cathay Chief Customer and Commercial Officer Ronald Lam said in a statement. The airline and Cathay Dragon ...

Bloomberg Lebanon’s Middle East Airlines scrapped a decision to reject payments in the local currency, hours after the nation’s president warned against the move and questioned its legality. As backlash mounted, the airline 99% owned by the central bank, reversed the announcement to accept payments only in foreign currency, according to its spokeswoman. The company will hold meetings to discuss ...

Bloomberg The giants of aviation left the Singapore Airshow with little to brag about, but someone ended up with one of the hottest deals in town: a couple of boxes of hand sanitisers. Alarm over the novel coronavirus outbreak has led to panic-buying of unlikely hot commodities, from toilet paper and instant noodles to soap, which people have been using ...

Bloomberg American Airlines Group Inc wants to establish Seattle as an international gateway for westward flights to India and other locations, with help from a reinvigorated partnership with Alaska Air Group Inc. Nonstop service will begin in October between Seattle and Bangalore, India, the most requested route by big corporate customers, the airlines said in a statement. American expects to ...

Bloomberg Avianca Holdings SA shares fell the most in a month after the airline’s offices were searched by Colombian authorities as part of a bribery investigation. Colombia’s Attorney General’s office is investigating bribery claims related to the company’s former practice of giving free and discounted tickets to officials from Central American governments, according to a spokesperson for the office. Investigators ...

Bloomberg Bombardier Inc, which once made everything from snowmobiles to commercial jets, is poised to become a shadow of its former self as the Canadian manufacturer accelerates asset sales to reduce debt. The company is completing its exit from commercial aerospace with the sale of its stake in the Airbus SE A220 program, once known as the C Series, to ...

Bloomberg Dusty winds blowing in from the Sahara Desert may disrupt flights to and from the Nigerian commercial capital, Lagos, until the end of February. Poor visibility forced carriers including British Airways, Emirates Airline, Delta Air Lines and Ethiopian Airlines to reroute flights to Abuja, the capital, and neighbouring Ghana and Togo. The problem was compounded by faulty landing equipment ...

Bloomberg Boeing Co told US regulators that it didn’t see the need to undertake a potentially costly fix for a wiring issue on the company’s grounded 737 Max, according to two people familiar with the briefing. The planemaker found in an audit last year of the 737 Max that wires were bundled improperly in a way that could trigger a ...

Bloomberg Boeing Co will resume production of the 737 Max before the best-selling plane is allowed back in the air as the company attempts to recover from one of the worst crises in its 104-year history. The Chicago-based manufacturer halted production in January, 10 months after the jet was grounded worldwide following two crashes that killed 346 people. Boeing failed ...