Aviation

Bloomberg South African Airways (SAA) has started a restructuring process that could see the cash-strapped state-owned carrier cut its workforce by almost a fifth. As required by South African law, the airline has started talks with labour unions about its plans, which could affect 944 of its 5,149 employees, SAA said in an emailed statement. The proposed reorganisation includes all ...

Bloomberg Malaysia’s aviation-safety downgrade makes Asia the region with the most markets where airlines are restricted from US airspace. The US Federal Aviation Administration (FAA) cut Malaysia to a Category 2 nation, banning the country’s carriers from setting up new flights to anywhere between New York and San Francisco. It cited deficiencies by the nation’s civil-aviation authority in areas ranging ...

Bloomberg Boeing Co said one of the first revamped General Electric Co engines intended to power its 777X flight-test aircraft was damaged during a freak shipping accident last month. While the incident isn’t expected to create a new delay for the 777X, it does add to a string of mishaps to confound Boeing’s newest model. The 777X is already behind ...

Bloomberg Southwest Airlines Co and American Airlines Group Inc said they will remove the 737 Max from their flight schedules through early March — almost a year since Boeing Co’s best-selling jet was grounded worldwide after two deadly crashes. The plan to pull the plane from Southwest’s schedule through March 6 is due to “continued uncertainty around the timing of ...

Bloomberg British Airways parent IAG SA will almost halve its planned expansion, reducing expected earnings growth, as it responds to slowing economies and a glut of seats that’s depressed prices. IAG, which also owns Spain’s Iberia, Aer Lingus of Ireland and discount operators Vueling and Level, will now increase capacity by 3.4% a year in the 2020-2022 period, it said. ...

Bloomberg Deutsche Lufthansa AG is stepping back from a commitment to buy 14 Boeing Co 777X wide-body jets valued at $6.2 billion as it slows fleet growth in an effort to cut capital spending and rein in capacity. Announced as a regular order six years ago as part of a 34-jet deal, the aircraft have been re-designated as “options,” Lufthansa ...

Bloomberg A judge has permanently blocked the union representing Allegiant Travel Co pilots from threatening a strike or staging a work slowdown in a dispute over a work scheduling system. A magistrate judge in a federal district court in Nevada signed a final order in the case. The ruling resolves a case in which Allegiant claimed a threatened walkout by ...

Bloomberg India will be the world’s fastest-growing aviation market over the next two decades, according to Boeing, which expects the South Asian nation to need 2,380 planes in that period at a value of $330 billion. The US manufacturer’s forecast is slightly higher than the one it made in December 2018, when it said India would require 2,300 new aircraft ...

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. ...