Aviation

Bloomberg American Airlines Group Inc has reached a settlement with Boeing Co over last year’s financial blow from the 737 Max grounding, and the carrier said it would share about $30 million of the proceeds with employees. The companies are still in talks over compensation for damages beyond 2019, American said in a statement. The Max’s absence since March shaved ...

Bloomberg Shares in Norwegian Air Shuttle ASA rose after the budget airline that had once targeted growth at any cost showed it’s now improving profitability. The carrier, which is based in a suburb of Oslo, gained as much as 6.5% on Tuesday. Norwegian, which has grappled with high debts for years, said its unit revenue rose 21% in December, marking ...

Bloomberg Federal aviation regulators are considering requiring pilots to complete simulator training before they can operate Boeing Co’s 737 MAX jets again, the Wall Street Journal reported, citing government and industry officials familiar with the matter. The Federal Aviation Administration (FAA) originally rejected the idea, causing extra costs and delays for airlines, the Journal said. But in recent weeks officials ...

Bloomberg Boeing Co is looking at raising additional debt to help bolster its resources following the grounding of its 737 Max jetliner, Dow Jones reported. While Boeing had about $20 billion in available funds at the end of the third quarter, costs stemming from the Max crisis are increasing, the news agency said, citing people familiar with the matter it ...

Bloomberg The number of fatal aviation accidents in 2019 rose above the five-year average to 20, with more than half occurring in North America, the Aviation Safety Network said. The 20 crashes killed 283 people, with the bulk of the deaths coming from the Ethiopian Airlines disaster in March, when a Boeing Co 737 Max jet plunged into the ground ...

Bloomberg Inspectors at a Japanese airport didn’t conduct X-ray checks on large cases before they were loaded onto a private jet that’s thought to have carried Carlos Ghosn as the former Nissan Motor Co chief executive officer escaped to Turkey, NHK reported on Sunday. Kansai International Airport inspectors didn’t examine the cases as they were too big to fit into ...

Bloomberg Airbus SE shares climbed the most in three months after the aircraft manufacturer looked on course to meet its full-year deliveries target, strengthening its hand against wounded rival Boeing Co. A December flurry of Airbus planes sent to buyers pushed the 2019 number to about 860, based on preliminary findings, according to a person familiar with the matter, who ...

Dubai / Emirates Business Emirates, the world’s largest international airline, concluded 2019 with a successful string of product, network, and customer experience highlights. The airline ushered in 2020 with a continued focus on strengthening its business across operational, commercial and customer experience metrics, and excitement for Expo2020 – the world’s greatest show – which will open its doors to global ...

Dubai / Emirates Business Travel is expected to reach another peak towards the end of this week for Emirates, as the airline expects yet another busy period with outbound travel after New Year’s celebrations and inbound traffic to take advantage of the Dubai Shopping Festival. The busiest days anticipated are January 1-4. Emirates reminds customers to arrive at the airport ...

Bloomberg Winter storms that delivered cold rain and ice to much of the Northeast and snow to the Midwest left more than 100,000 homes and businesses without power and caused more than 500 flight delays. The storms also produced treacherous road conditions, reduced visibility and knocked down power lines in an area that stretched from North Dakota, Minnesota and northern ...