Aviation

Bloomberg Thomas Cook is set to be relaunched by its Chinese owner, who plans to use the 178-year-old British tour operator’s brand on a travel platform targeting European customers. Fosun Tourism Group, the Shanghai-based company that bought Thomas Cook’s trademark following its dramatic collapse in September, will debut the platform in the first half of next year, according to a ...

Bloomberg Delta Air Lines Inc will leave the private-jet charter business after 20 years, selling the struggling operation to Wheels Up Partners in a deal expected to close early next year. The airline will retain an unspecified equity stake in closely held Wheels Up, Delta said. Financial terms weren’t disclosed. Wheels Up Chief Executive Officer Kenny Dichter will continue leading ...

Bloomberg Europe’s top airlines attacked EU plans to impose a region-wide kerosene tax as part of a sweeping new environmental strategy, calling the duty unnecessary and unfair and saying investment in sustainable fuels and electric planes would be more effective in reducing carbon emissions. Chiefs of four of the region’s biggest carriers raised their concerns with European Union Transport Commissioner ...

Bloomberg Creditors of Jet Airways India Ltd. have agreed to extend the deadline for submission of a resolution plan for the grounded Indian airline’s 146 billion rupees ($2.1 billion) of debt as the sole bidder for the company balks at making a binding offer, said a person familiar with the matter. The deadline for submission of a resolution plan for ...

Bloomberg A former Boeing Co. manager who raised concerns about poor-quality production of the 737 Max will testify before a House committee investigating safety issues raised by two fatal crashes involving the plane. Ed Pierson warned senior Boeing colleagues in 2018 about what he said were overworked employees and repeated quality issues in building the newest model of 737s. Pierson ...

Bloomberg South African Airways (SAA), national airline that’s entered a form of bankruptcy protection, may only be offered 5% of the $60 million that its owed by Zimbabwe in funds from ticket sales and hasn’t been able to extract from the country. The central bank’s Monetary Policy Committee plans to “reject the majority of debts” owed to institutions, a move ...

Bloomberg Shares of Airbus SE handily pulled ahead of rival Boeing Co. this year after a pair of fatal 737 Max plane crashes led to the grounding of the US model’s entire fleet. Airbus is poised to finish the year ahead of Boeing for the first time since 2015, with an increase of roughly 50% since the start of January, ...

DUBAI / Emirates Business Emirates cabin crew has been named World’s Leading Cabin Crew 2019 at the World Travel Awards (WTA) Grand Final Gala Ceremony. The event marked the culmination of the WTA’s annual search for the finest travel and tourism organisations in the world, where winners of its six regional ceremonies compete for the coveted world titles. Emirates also ...

Bloomberg Boeing Co. executives met this week with pilots, flight attendants and industry consultants to build confidence in changes to the 737 Max jetliner, which has been grounded since March after two fatal crashes. The planemaker said it’s confident that finalised software updates will win regulatory approval, said John Goglia, a former US safety official and airline mechanic who attended ...

Bloomberg South Africa’s government has hired a veteran business-rescue specialist to take charge of the state-owned airline in a renewed attempt to restore it to financial health and remove a burden on the nation’s finances. Les Matuson and his team at Johannesburg-based Matuson & Associates will get 4 billion rand ($273 million) in working capital from creditors and the government ...