Aviation

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 ...

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 ...