Aviation

Bloomberg Saab AB wants control of local manufacturing in India if it beats the likes of Boeing Co. and Lockheed Martin Corp. in the race for the world’s biggest warplane contract. The Swedish manufacturer is in the running to supply 114 Gripen fighters in a deal valued at more than $15 billion as Prime Minister Narendra Modi seeks to modernise ...

Dubai / Emirates Business The festive spirit is in full swing as Emirates prepares to serve 500,000 Christmas meals across all classes to customers travelling on select flights from December 9 to 31. In addition to a delicious festive menu, travellers can also enjoy nostalgic films and holiday treats across all cabin classes on board and on the ground. Emirates ...

Bloomberg Speculation that South African Airways (SAA) is in danger of going under could become self-fulfilling. The national carrier has been given 57 billion rand ($3.9 billion) in bailouts since 1994 and last made a profit in 2011. The company’s already precarious finances took another hit last month when workers staged a week-long strike that grounded a number of flights, ...

Bloomberg United Airlines Chief Executive Officer Oscar Munoz will hand the reins to President Scott Kirby next year, capping a tenure in which he turned around the perennial laggard. Kirby will take over as CEO in May while Munoz becomes the executive chairman, the carrier said in a statement. Kirby joined United in 2016 after leaving American Airlines Group Inc. ...

Bloomberg United Airlines Holdings Inc. ordered its first long-range Airbus SE A321neo jets, dealing a new setback to Boeing Co. as the US planemaker struggles through the grounding of its 737 Max. The carrier said it would take 50 of Airbus’s A321XLR jets, with deliveries to begin in 2024 — a year after the model’s planned debut. Valued at $7.1 ...

Bloomberg Deutsche Lufthansa AG was hit with a proposed $6.4 million fine by US aviation authorities over accusations that the carrier operated about 600 flights into San Diego and Philadelphia without proper approval. The Federal Aviation Administration said Lufthansa knew it lacked authorisation to fly to the two cities from March 22, 2018, through May 27 of this year, the ...

Bloomberg Hong Kong Airlines Ltd., the city’s only other competitor to Cathay Pacific Airways Ltd., is fighting for survival just as the busy Christmas season approaches. The Air Transport Licensing Authority told the carrier that its finances had deteriorated so much that it needs to raise more cash or risk losing its license. The regulator will make a decision by ...

Bloomberg Ryanair Holdings Plc cut its traffic outlook by 1 million passengers and said it will close two bases next summer as the grounding of Boeing Co.’s 737 Max jetliner further frustrates expansion plans. Europe’s biggest low-cost airline now expects to attract 156 million customers next fiscal year, based on it getting 10 Max aircraft for summer 2020, or half ...

Bloomberg IndiGo has told its pilots to stop pushing engines on its new Airbus SE jets to the limit when the planes are climbing, after India’s aviation regulator said the practice may have contributed to turbines failing in the air. All the budget airline’s A320neo aircraft now use a lower thrust setting following take off, according to a spokeswoman from ...

Bloomberg India is considering amending a rule to allow overseas control of local airlines, according to a person familiar with the matter, which may help its indebted national carrier lure a foreign suitor after multiple failed attempts for a sale. At a meeting in early November, India’s Department for Promotion of Industry and Internal Trade asked the aviation ministry if ...