Aviation

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 ...

Bloomberg Airbus won an order from VietJet Aviation for 20 of A320neo narrow-body jets as the Asian carrier waits on deliveries of Boeing’s grounded 737 Max. The deal is for the new A321XLR extra-long-range version of Airbus’s work-horse plane, VietJet said, adding that it will become one of the first airlines in the world to receive a model unveiled at ...

Bloomberg Air France-KLM Group third-quarter earnings fell on lower demand for cargo transport and a reduction in lucrative last-minute passenger bookings at the height of the summer travel season. The shares fell the most in eight months. Operating profit dropped 16% to 900 million euros ($1 billion), the carrier said in a statement, missing an average forecast of 963 million ...

Bloomberg For more than two decades, airline credit cards offered consumers a simple formula: Spend a dollar, earn a mile, pay an annual fee, repeat. If you played the game correctly, you’d score at least a free ticket each year—just by making everyday purchases. The only issue? As powerful rewards cards such as the Platinum Card from American Express and ...

Bloomberg Kenya Airways Plc said the proposed nationalisation and its inclusion in a state-owned aviation holding company will enhance its ability to borrow funds for expansion. The new entity will comprise Kenya Airways, Nairobi’s Jomo Kenyatta International Airport and the Kenya Airports Authority, Chairman Michael Joseph said in an interview. The combination of the businesses is expected to create a ...

Bloomberg Bombardier Inc agreed to sell a wing factory in Northern Ireland and two other facilities to Spirit AeroSystems Holdings for $500 million and the assumption of certain liabilities. The Belfast operation makes wings for Airbus SE’s A220 jetliner, an aircraft that cash-strapped Bombardier developed before handing control last year to the European planemaker. The deal also covers a plant ...