Bloomberg Myanmar’s largest private-sector airline said the novel coronavirus outbreak is likely to have an impact on its operations until April. The airline, Myanmar Airways International-Air KBZ Group, has temporarily suspended all routes to mainland China as well as Taiwan, Commercial Director Tanes Kumar said in an interview. “We had to shift some priorities within our strategy due to the ...
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‘Engines likely working when Kobe Byant copter crashed’
Bloomberg The area near Los Angeles where Kobe Bryant’s helicopter crashed was blanketed by a thick layer of clouds and the craft’s engines were operating as it plummeted, a newly released report shows. The National Transportation Safety Board (NTSB) released several photographs provided by government agencies and individuals depicting the first hard evidence confirming early witness reports that the aircraft ...
Read More »New ‘Breeze Air’ on track to fly this year, says Neeleman
Bloomberg Breeze Airways, the latest offspring of serial airline entrepreneur David Neeleman, will start flying later this year with a fleet that will put his low-cost plans to the test. The new airline is standing by its early pledge to fly where it won’t face competitors and operate on days and times of highest demand, Neeleman said in an interview. ...
Read More »Jet Airways faces fresh warning signs as liquidation threat looms
Bloomberg Bankrupt carrier Jet Airways India Ltd, once the nation’s biggest by market value, faces fresh warning signs as a deadline to avoid liquidation looms. Creditors will likely be forced into extending a February 17 deadline for the sale of the airline as the shortlisted bidders have yet to form bidding groups, according to people familiar with the matter. Time ...
Read More »Cathay Dragon’s staff urge halting mainland flights amid outbreak
Bloomberg Employees of Hong Kong carrier Cathay Dragon have urged the company to suspend mainland China flights and are considering strikes or protests to press their demands. Staff of the Cathay Pacific Airways Ltd unit gathered on Saturday for an extraordinary general meeting where about 89% out of 467 votes supported “industrial action,†said Kim Lam, a representative of the ...
Read More »Firms withdraw from S’pore Airshow over virus
Bloomberg More international aviation companies are withdrawing from the Singapore Airshow as concerns around the novel coronavirus outbreak mount. Organisers of the event, billed as Asia’s largest aerospace and defense conference, earlier announced it would proceed as scheduled with additional health screening and cleaning measures to reduce risks. The week-long show is due to kick off on February 11 and ...
Read More »Cathay asks staff to take unpaid leave as virus adds to woes
Bloomberg Cathay Pacific Airways Ltd asked employees to take three weeks of unpaid leave as the Hong Kong airline is cutting capacity because of the coronavirus outbreak. The airline requested all employees to participate in a leave programme taking place from March 1 to June 30, it said in a statement. Cathay had about 26,700 workers in Hong Kong as ...
Read More »Airbus, Boeing shutter China plants amid virus
Bloomberg The aerospace industry is joining carmakers in shuttering Chinese plants in response to the coronavirus outbreak, with Airbus SE halting an assembly line and Boeing Co and Safran SA also closing facilities. Airbus’s plant in Tianjin, east of Beijing, has remained idle beyond the Lunar New Year holiday as travel restrictions present logistical challenges and the government advises people ...
Read More »Bombardier, Textron soar on report of private-jet deal talks
Bloomberg Bombardier Inc jumped on a Wall Street Journal report that the Canadian maker of planes and trains is in talks to sell its private-jet unit to Textron Inc, which makes Cessna planes. Textron also surged on speculation that a deal would bolster its luxury-aircraft business. The negotiations have been going on for several weeks, and the terms of the ...
Read More »AirAsia’s deals with Airbus in focus as CEO steps aside
Bloomberg Airbus SE and AirAsia Bhd, the discount airline built by Tony Fernandes, were inseparable for years, with the boisterous aviation executive gorging on ever-larger aircraft orders to become the manufacturer’s single biggest customer for single-aisle jets. That happy marriage ended in acrimony last week after Airbus admitted to illegally trying to sway decision makers in aircraft sales and agreed ...
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