Aviation

Bloomberg Malaysia’s anti-graft agency said it’s already investigating corruption allegations surrounding AirAsia Group Bhd as detailed in Airbus SE’s record $4 billion bribery settlement. The Malaysian Anti-Corruption Commission is in touch with UK authorities on the matter, Chief Commissioner Latheefa Koya said in a statement. Documents filed in the Airbus case said the planemaker paid $50 million in sponsorships to ...

Bloomberg Potentially dangerous wiring in Boeing Co’s 737 Max jets is the most recent flare-up between US and European regulators, further complicating the grounded plane’s return to service, according to the Wall Street Journal, which cited people familiar with the details. Experts at the European Union Aviation Safety Agency want certain wires moved to reduce the risk of short circuits, ...

Bloomberg Indian officials met with as many as nine companies during roadshows to gauge interest in a stake sale in the nation’s loss-making flag carrier, people with knowledge of the matter said. Officials from the South Asian nation met executives of companies including British Airways parent IAG SA, IndiGo, India’s biggest airline that’s operated by InterGlobe Aviation Ltd, SpiceJet Ltd ...

Bloomberg The fast-spreading coronavirus could spell the end for the weakest airlines as travel demand dries up in and out of China. The outbreak, which originated in the Chinese city Wuhan, has claimed 200 lives. Total infections have soared past 11,700 in China, surpassing the country’s official number from the 2003 Sars epidemic. Sars cost the global economy an estimated ...

Bloomberg Airlines across the globe suspended more flights to China, as governments clamped down on travel to help stop the spread of the deadly Wuhan virus. British Airways halted daily routes to Beijing and Shanghai from London’s Heathrow airport, after UK officials advised against non-essential travel. The UK flag carrier said it would reassess over the next few days. Hong ...

Bloomberg South African Airways’s (SAA) business-rescue team said it’s been given access to 3.5 billion rand ($239 million) from the state-owned Development Bank of Southern Africa (DBSA) to avert the airline’s collapse. The team will immediately draw down 2 billion rand from the facility, they said in a statement. SAA has already cancelled some flights this month to save cash ...

Bloomberg Island Express Helicopters Inc, the California-based charter company involved in the latest crash that killed retired basketball star Kobe Bryant, has been involved in four previous crashes over the past 35 years, two of them fatal, according to government records. While the company hasn’t had an accident since 2008, it was cited in 2016 for failure to perform mandatory ...

Bloomberg Ryanair Holdings Plc will reconsider its summer schedule and has warned employees of job cuts and base closures due to the protracted grounding of Boeing Co’s 737 Max jet, according to a memo to staff seen by Bloomberg. Europe’s biggest low-cost airline will redraw its summer 2020 timetable with 10 fewer planes, as it now only expects the first ...

Bloomberg Airbus SE reached an agreement to settle long-running bribery investigations in the UK, France and the US in a deal that could cost the European airplane manufacturer in the range of $3 billion. A final agreement could be announced as early as this week, according to people familiar with the matter. The preliminary deal remains subject to approval by ...

Bloomberg The helicopter carrying retired basketball star Kobe Bryant and eight others had been cleared to operate in deteriorating weather but not the dense clouds into which it apparently flew shortly before crashing, according to investigators and flight data. The Sikorsky S-76B was flying under air-traffic rules mandating that the pilot maintain visibility with surroundings, but in the final minute ...