Aviation

Bloomberg The financial crisis at South African Airways (SAA) deepened on Tuesday with one of the nation’s largest travel agencies announcing that the airline had cancelled several domestic and international flights. “We are in the process of contacting our customers to advise and assist,” Flight Centre Travel Group said on Twitter. It didn’t provide further details. As many as 19 ...

Bloomberg EasyJet Plc, Britain’s largest low-cost airline, said its loss over the winter low season is set to shrink as the collapse of tour operator Thomas Cook Group Plc pushes more customers its way. The stock rose the most on the FTSE-100 Index on Tuesday after EasyJet said the shortfall for the six months through March is likely to be ...

Bloomberg The travel industry is stepping up precautionary measures against the virus originating from central China that’s killed four people and infected hundreds, with at least one airline starting to equip planes with hazardous-materials suits for cabin crew. In China, President Xi Jinping ordered resolute efforts to curb the spread of the illness since the disease was first detected in ...

Bloomberg Bombardier Inc’s deal with Airbus SE to rescue its long-delayed and over-budget jetliner programme was supposed to be a lifeline for the struggling manufacturer. Now the Canadian company is rethinking the joint venture, pushing the iconic train and plane maker to the brink once more. The shares posted their biggest loss ever — Bombardier is almost a penny stock ...

Bloomberg South African Airways (SAA) said all flights are operating normally as the government looks for ways to provide 2 billion rand ($138 million) in funding for the embattled national carrier. While there may be “flight schedule amendments” in the future, details of those changes will be announced when finalised, SAA said in an emailed statement on Monday. The airline ...

Bloomberg Airbus SE is developing a derivatives-based trading platform that will allow airlines to protect against declines in ticket prices — and potentially help sustain growth and jet orders. Clients of the Skytra subsidiary will trade futures and options on a series of indexes that capture fare fluctuations across the industry. The venture is the brainchild of two Airbus veterans ...

Bloomberg Hong Kong International Airport’s passenger numbers fell for the first time in a decade last year, as months of anti-government protests deterred people from coming to the city. The airport handled 71.5 million passengers in 2019, a decline of 4.2% from a record 74.6 million the previous year, the Airport Authority of Hong Kong said. That meant Hong Kong ...

Bloomberg The long-awaited trade agreement between the US and China may pave the way for Boeing Co to resume sales to the world’s second-largest aviation market, but the American giant has much catching up to do against European archrival Airbus SA. China Aviation Supplies Holding Co, which buys planes on behalf of the nation’s airlines, has been in talks with ...

Bloomberg The UK government is considering subsidising some routes operated by regional airline Flybe as part of the rescue deal struck with the owners of the country’s biggest domestic carrier, according to a person with knowledge of the matter. Any decision to grant Flybe routes so-called public service obligation status would come on top of a deferral of air passenger ...

Bloomberg Ethiopia plans to start building Africa’s largest airport at $5 billion within six months and continue the ascendancy of its national carrier, the most profitable on the continent. The new airport, 70 kilometres from the existing Bole International Airport in the capital Addis Ababa, will be able to handle as many as 100 million passengers yearly, Ethiopian Airlines Chief ...