Aviation

Bloomberg Finland’s national carrier Finnair Oyj is starting its next big round of investments: as much as 4 billion euros ($4.5 billion) on modernising and expanding its narrow-body fleet of aircraft to fly between European cities. The investment comes on top of 2 billion euros spent over the past five years on transforming Finnair’s long-haul fleet to boost fuel efficiency, ...

Bloomberg Airline industry profits will come in lower than forecast this year as passenger numbers and cargo volumes are held back by slowing economic growth and global trade wars, the International Air Transport Association (IATA) said. With less than a month left in 2019, the trade body has lowered its annual profit estimate to $25.9 billion — $2.1 billion less ...

Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary “screamed” at staff responsible for reducing pilot absences due to sick leave during a union dispute, an outgoing executive told a Dublin court. The shouting at monthly meetings to discuss the issue was at times “intense,” Chief Operations Officer Peter Bellew said in a Dublin court. He’s giving evidence over a ...

Bloomberg Worsening tensions between Boeing Co. and the Federal Aviation Administration (FAA) threaten new delays in the return of the 737 Max. But even after regulators sign off, airlines will still have weeks of work before passengers fly on the beleaguered plane. Southwest Airlines Co. is anticipating a month or more of preparations after the Max wins approval to fly ...

Bloomberg Boeing Co. said it won’t compete for the Pentagon’s program to develop and procure the next-generation intercontinental ballistic missile, (ICBM) leaving Northrop Grumman Corp. as the sole bidder for a project valued at almost $85 billion. The announcement final Boeing’s previous indications that it wouldn’t bid on the program to replace aging Minuteman III ICBMs because it views the ...

Bloomberg The US’s top aviation regulator took Boeing Co.’s chief to the woodshed in a sign that relations between the two sides have deteriorated and further delays in the return to service of the planemaker’s best-selling jet are likely. In an unusual public admonishment, Federal Aviation Administration head Steve Dickson presented Boeing Chief Executive Officer Dennis Muilenburg and Executive Vice ...

Bloomberg EHang Holdings Ltd., one of several companies seeking to commercialise autonomous taxi aircraft, closed its first day of trading in the US with its shares down one cent from their price in its US initial public offering. The Guangzhou, China-based company raised $40 million, pricing 3.2 million American depositary shares at the bottom of its marketed range of $12.50 ...

Bloomberg A Qantas Airways Ltd. flight was evacuated early Sunday after the plane turned back shortly after takeoff because of an hydraulic issue. Flight QF575, which departed Sydney for Perth at 8:25 am local time, returned to make a non-emergency landing, the airline said in a statement on its website. “Once back at the gate, the captain made the decision ...

Bloomberg Qantas Airways Ltd. picked Airbus SE to provide ultra-long-range planes for planned direct services that will stretch halfway round the world, a blow to Boeing Co. after a two-year competition to land the deal. The Australian airline chose the A350-1000 over Boeing’s 777X for proposed services connecting Sydney with New York and London. Qantas is preparing an order for ...

Bloomberg US government approvals needed to return Boeing Co’s 737 Max to the skies won’t be completed until 2020, the top US aviation regulator said, dashing the company’s hopes to complete key milestones this year needed to end the aircraft’s nine-month grounding. “If you do the math, it’s going to extend into 2020,” Federal Aviation Administration Administrator Stephen Dickson told ...