Aviation

Bloomberg Airbus SE plans to establish a financial venture that will help its airline customers hedge against risks to revenue. The London-based Skytra Ltd operation was incorporated in May, according to filings with Companies House that describe its principal activity as the administration of financial markets. “We are currently examining the feasibility of creating a new infrastructure for financial-risk management ...

Bloomberg Boeing Co’s ventures with Embraer SA face a deeper antitrust probe from the European Union as regulators said the transaction threatens to knock out an important rival to the world’s biggest planemakers. The European Commission has until February 20 to issue a ruling on the deal after opening an “in-depth investigation,” according to a statement. Boeing and Embraer, which ...

Bloomberg Ethiopian Airlines Group would consider buying a stake in South African Airways (SAA) — should South Africa decide to sell equity in the struggling state carrier. SAA hasn’t made a profit since 2011 and delayed the release of annual earnings due to its precarious financial state. While the ruling African National Congress has frequently said that it would consider ...

Bloomberg EasyJet Plc could develop more business with hotel chains after the collapse of tour operator Thomas Cook Group Plc, the low-cost airline’s chief executive officer said in an interview to Die Welt. The airline has begun to expand its package tour business and was over the summer able to take advantage of its relationship with hotel chains already concerned ...

Bloomberg Ethiopian Airlines Group is close to agreeing a deal with Airbus SE for as many as 20 narrow-body A220 planes worth more than $1.6 billion, reviving an earlier plan after a spell using larger Boeing Co 737s. Africa’s biggest and most consistently profitable carrier is in late-stage talks about the purchase of the 100-seater aircraft, which should be completed ...

Bloomberg United Airlines Holdings Inc is escalating efforts to recruit pilots with new financial perks and faster career advancement as the carrier faces the retirement of almost half its aviators over the next decade. The programme, dubbed Aviate, is designed to attract more staff for regional airlines that fly for United, which will then look to field a large portion ...

Bloomberg The Netherlands has created an imbalance in the governance of Air France-KLM, a French government representative said, signalling a power struggle between the carrier’s two biggest shareholders remains unresolved. The Dutch government needs to treat the airline like a normal listed company and choose between holding a stake in the group or in the KLM unit, Martin Vial, head ...

Bloomberg Chancellor Angela Merkel’s sweeping moves to cut carbon emissions from transport took a step closer as details emerged over plans to increase tax on air travel. Germany will raise levies on all flight tickets, both domestic and long-haul trips, according to an air transport bill. The move, taking effect from next year, is a key part of plans to ...

Bloomberg United Parcel Service (UPS) Inc won US certification to fly drones under regulations similar to those for airlines, a milestone that allows the company to vastly expand airborne deliveries. The Federal Aviation Administration (FAA) gave the courier permission to use delivery drones at hospital, university and corporate campuses with few restrictions, for example, letting operators fly the aircraft at ...

Bloomberg Rahul Bhatia, co-founder of Indian budget airline IndiGo, has filed an arbitration request against his partner Rakesh Gangwal in a London court, involving the judiciary for the first time in a feud between the two billionaire owners over allegations of corporate governance lapses. Bhatia and his holding company filed the claim to the London Court of International Arbitration, IndiGo’s ...