Aviation

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 ...

Bloomberg Boeing Co has received more than $12 billion of orders for a loan that will help bolster the planemaker’s finances as it grapples with a crisis that’s left its 737 Max grounded since March, according to people familiar with the matter. The deal was expected to be finalised, said one of the people who asked not to be named ...

Bloomberg India further reduced — to $3.3 billion — the amount of debt bidders for Air India Ltd will need to absorb and eased some eligibility requirements, as Prime Minister Narendra Modi tries once again to sell the national carrier. Expressions of interest are invited by March 17, according to preliminary terms published on Monday. The entire company will be ...

Bloomberg Boeing Co’s newest plane, so big that its wings are hinged, finally rumbled into the skies over the Washington factory complex constructed a half century ago for the original jumbo jet. After a delay on January 24 because of high winds, the jet took off from Boeing Field on Saturday and landed successfully almost four hours later. It’s set ...

Bloomberg Indonesia’s scandal-ridden flag carrier won praise from analysts for its leadership overhaul, with its new CEO getting support from a lieutenant who was among those criticising the airline’s accounting practices. The appointment of Deputy Chief Executive Officer Dony Oskaria, who will help run PT Garuda Indonesia alongside CEO Irfan Setiaputra, raised the expectation the state-backed company will be able ...

Bloomberg Singapore Airlines Ltd is preparing to add planes in India to take on rivals in one of the world’s fastest-growing aviation markets. Vistara, Singapore Air’s Indian joint venture, is considering ordering more 787 Dreamliner jets — whose sticker prices start at about $250 million each — from Boeing Co to add flights to destinations as far away as the ...