Aviation

Bloomberg Singapore Airlines Ltd said travel demand to Hong Kong remains weak as months of protests and violent unrest have discouraged people from visiting the city. The airline cancelled some flights when there weren’t enough passengers or shifted the load to other services, Chief Executive Officer Goh Choon Phong said at an earnings briefing in Singapore. “The impact is probably ...

Bloomberg Norwegian Air Shuttle, the debt-ridden low-cost airline, is returning to capital markets in a bid to raise potentially more than $300 million. Norwegian is contemplating a private placement of as many as 27.25 million new shares, representing about 20% of its share capital. The company also wants to sell convertible bonds for as much as $175 million, it said. ...

Bloomberg Air France-KLM Chief Executive Officer Ben Smith has a long flight ahead in convincing investors the carrier can raise profitability and regain market share lost to rivals. Canadian-born Smith on Tuesday unveiled a five-year plan that would see the airline fatten margins and resume paying a dividend at an unspecified date. The last was in 2008, when the financial ...

Bloomberg Boeing Co’s chief executive officer didn’t provide complete testimony last week on the 737 Max, and congressional investigators are continuing their probe of the troubled jetliner, two House leaders said in a letter to other lawmakers. Boeing’s Dennis Muilenburg, who endured hours of grilling by members of the House Transportation & Infrastructure Committee on October 30, left “a lot ...

Bloomberg Airbus SE has taken orders for more than 350 planes in Asia since August, streaks ahead of rival Boeing Co as the US planemaker struggles to revive its grounded 737 Max. A big win for Airbus came last month, when Indian budget carrier IndiGo ordered 300 narrow-body aircraft in a deal worth more than $33 billion at list prices. ...

Bloomberg British Airways parent IAG SA agreed to buy Air Europa in a move that will bolster a Spanish lineup that already includes former national carrier Iberia and discount operator Vueling. IAG will buy the Spanish airline, which serves 69 domestic and international destinations, from tourism group Globalia for 1 billion euros ($1.1 billion), the London-based company said in a ...

Bloomberg Ryanair Holdings Plc’s second-quarter profit rose 8% as a revenue boost from extras like speedy boarding and reserved seats outweighed the impact of lower fares and the grounding of Boeing Co’s 737 Max jetliner. Net income increased to 910 million euros ($1 billion) from 841 million euros a year earlier, Europe’s biggest discount carrier said in a statement on ...

Bloomberg India is planning to open 100 additional airports by 2024, as part of a plan to revive economic growth in Asia’s third-largest economy, according to people with knowledge of the matter. The proposal, which includes starting 1,000 new routes connecting smaller towns and villages, was discussed at a meeting to review infrastructure needed by 2025, the people said, asking ...

Bloomberg Delta Air Lines Inc may pull out of bidding for Alitalia SpA, complicating efforts to rescue the bankrupt Italian carrier, Corriere della Sera reported, citing unidentified people familiar. The Atlanta-based firm doesn’t want to take part in a bidding game and might tell Alitalia’s administrators that its offer to inject about 100 million euros ($112 million) is final, Corriere ...

Bloomberg British Airways owner IAG SA reported a drop in third-quarter earnings after the UK carrier’s first pilot strike since 1979 disrupted flights and held back sales. The airline group, which also includes Spain’s Iberia and Aer Lingus of Ireland, had an adjusted operating profit of $1.6 billion, according to a statement, down 7% compared with 2018 on a pro ...