Aviation

BLOOMBERG General Electric (GE) Co jumped the most in more than two years after forecasting continued expansion of profit margins at its aviation division as an independent business. The GE Aerospace business, which now primarily makes and services jet engines, should also see revenue growth at a mid- to high-single-digit rate and generate free cash flow “in line with net ...

BLOOMBERG Travellers are set to come out in fuller force across the Asia-Pacific region this year, though still-high inflation and structural hurdles likely will leave the critical industry still far from pre-Covid levels. Tourist arrivals across the region should reach about half of their 2019 levels, with a full recovery to pre-pandemic norms pushed back to 2025 or 2026, according ...

BLOOMBERG The US president’s plane is getting a new paint job — and it looks a lot like the old one. President Joe Biden has selected a white, light blue and yellow scheme for a modern update to the fleet of Air Force One planes, which are specially modified Boeing Co 747s. The decision scraps plans by former President Donald ...

BLOOMBERG German airline passengers are facing severe disruption on Monday, with commercial departures canceled at Berlin’s biggest airport as ground staff plan to strike amid a protracted pay dispute. Hanover and Bremen will also be affected by walkouts and flight cancellations are likely, the Verdi labour said in a statement. Hamburg has joined the capital’s BER airport in calling of ...

BLOOMBERG Japan Airlines Co. ended a campaign to sell steeply discounted tickets for domestic flights after demand overwhelmed the carrier’s website. “In light of the fact that there is no prospect of restoration at this time” and the impact on other customers, Japan Airlines said it would cancel the promotional sale of flights and April and May, as well as ...

BLOOMBERG Copa Holdings SA is planning to boost flights to Venezuela as a budding economic recovery boosts demand for travel, and new connections to Colombia are set to open. The Panama-based airline aims to add eight new flights to its existing 35 per week, Copa’s general manager in Venezuela, Roberto Pulido, said. These will connect the capital and three other ...

BLOOMBERG Advent International and CVC Capital Partners are among private equity firms weighing bids for a minority stake in Deutsche Lufthansa AG’s aircraft maintenance and repair unit, people with knowledge of the matter said. A stake in Lufthansa’s Technik business is also attracting initial interest from Bain Capital and Blackstone Inc, according to the people, who asked not to be ...

BLOOMBERG Southwest Airlines Co will use Amazon.com Inc servers to help process fare searches, crew scheduling and other software tasks, a modernisation of its technology that comes months after a meltdown stranded thousands of the airline’s passengers. Amazon Web Services (AWS) will become Southwest’s “preferred cloud provider,” the e-commerce giant said, calling the move a “large-scale migration” of the airline’s ...

BLOOMBERG Japan Airlines Co (JAL) halted sales of steeply discounted tickets for domestic flights after demand overwhelmed the carrier’s website. “We are currently investigating and working to restore the connection,” the Tokyo-based company said in a statement, asking customers to refrain from accessing the website until the problem is resolved. Demand for travel within the island nation is picking up, ...

BLOOMBERG Boeing Co is close to sealing an order from Japan Airlines Co (JAL) for at least 20 of its 737 Max planes, according to people familiar with the talks, beating out arch-rival Airbus SE and its competing A320neo aircraft family. After holding discussions with both manufacturers, JAL is leaning towards Boeing, the people said, asking not to be identified ...