Aviation

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 ...

Bloomberg One of Air Tanzania’s new Bombardier aircraft has been impounded in Canada amid a land-compensation dispute dating back to the 1980s, according to the East African nation’s government. The decision by Canadian authorities to impound the Bombardier Q400 plane isn’t directly linked to Tanzania’s national carrier and is related to a dispute between the East African nation and a ...

Bloomberg Gol Linhas Aereas Inteligentes SA, Brazil’s largest airline, is holding talks about expanding ties with American Airlines Group Inc and United Airlines Holdings Inc after parting ways with longtime US partner Delta Air Lines Inc. The carriers are discussing whether to establish codeshare deals, which enable airlines to book passengers on each other’s flights, Gol chief financial officer (CFO) ...

Bloomberg Boeing Co and Embraer SA won unconditional antitrust approval from China for their deals to jointly manufacture small jetliners and market a military cargo jet. China’s decision removes a significant hurdle for the plans, in which the US planemaker will buy a majority stake in the commercial aircraft division of its Brazilian counterpart. But a major obstacle remains for ...