Aviation

Bloomberg South African Airways (SAA) said it’s waiting for the government to tell it whether it will provide the national carrier with the money needed to keep flying, rendering it unable to publish its results for the year through March. “SAA cannot finalise its annual financial statements within the prescribed time until the going concern status is confirmed,” the carrier ...

Bloomberg Italy is set to approve a new 400 million-euro loan for failed airline Alitalia, people familiar with the situation said. The government will give the green light to the funding at a cabinet meeting, according to the people, who asked not to be identified discussing confidential deliberations. The new loan throws a lifeline to Alitalia as government continues to ...

Bloomberg US aviation regulators will conduct the final approval of factory-fresh Boeing Co 737 Max jets rather than allowing company employees to handle routine sign-offs before the planes are delivered. The plan amounted to the latest signal from the Federal Aviation Administration (FAA) that it intends to retain full control over all aspects of the grounded jetliner as Boeing prepares ...

Bloomberg India is considering a plan to exclude more than half of Air India Ltd’s $11 billion of debt in the government’s latest attempt to lure investors to the struggling carrier, people with knowledge of the matter said. Prime minister Narendra Modi’s administration plans to ask proposed investors to take over 300 billion rupees of the airline’s debt, which are ...

Bloomberg A cluster of powerful storms is set to disrupt Thanksgiving holiday travel for the Western US, with heavy snow cancelling flights in Denver and a higher risk of mudslides in parts of California. Winter storm warning and advisories cover the West from Oregon to Arizona and a flash flood watch stretches from north of Anaheim to the border with ...

Bloomberg An order for IndiGo to ground some of its Airbus SE A320neo planes for engine upgrades could impede the expansion of one of the world’s fastest-growing airlines. For every addition to its fleet, IndiGo must ground an A320neo plane that hasn’t had its Pratt & Whitney engines modified, the Directorate General of Civil Aviation (DGCA) said following a series ...

Bloomberg Allen Onyema, the Nigerian businessman who owns the country’s largest airline, was indicted by US authorities on charges of fraud and money laundering. He allegedly moved “more than $20 million from Nigeria through United States bank accounts in a scheme involving false documents based on the purchase of airplanes,” according to a statement by the US Department of Justice ...

Bloomberg Italy risked failure in its latest attempt to bail out bankrupt airline Alitalia, after two companies involved in the rescue got cold feet, raising the prospect of at least a temporary nationalisation of the carrier. State rail operator Ferrovie dello Stato Italiane SpA (FS) said that conditions aren’t in place to form a group to save the airline from ...

Bloomberg A Boeing Co lawyer said the aircraft maker has reached settlements in more than 60 wrongful death cases filed after a 737 Max 8 plane flown by Lion Air crashed in Indonesia last year, killing all 189 people aboard. Attorney Dan Webb told US District Judge Jorge L Alonso in Chicago that Boeing has reached agreements involving 63 or ...

Bloomberg Europe’s airlines are coalescing around a two-pronged response to a public backlash over carbon emissions. Carriers initially plan to extend the use of offsets like tree planting to compensate for greenhouse-gas output while also embracing sustainable biofuels, executives from companies including Deutsche Lufthansa AG, EasyJet Plc and IAG’s British Airways arm said at a conference in Berlin. That’s before ...