Aviation

Bloomberg Lockheed Martin Corp and the Pentagon are set to announce a final agreement on a long-awaited contract for the next-generation F-35 jets that would be the biggest yet, according to three people familiar with the decision. The purchase of the stealthy F-35 for US and allied militaries is likely to be valued at about $34 billion for 478 fighters. ...

Bloomberg Indonesian investigators found sweeping problems and missteps in connection with last year’s fatal Lion Air crash, including design flaws in Boeing Co’s 737 Max jet, certification failures by the US regulator and a raft of errors at the airline by pilots and mechanics. In a much-anticipated report, the National Transportation Safety Committee (NTSC) listed its findings and recommended fixes ...

Bloomberg InterGlobe Aviation reported a wider-than-expected quarterly loss, amid fierce competition in India, illustrating how even the country’s biggest airline isn’t immune to challenges in one of the world’s fastest-growing aviation markets. Loss at the operator of IndiGo widened to 10.7 billion rupees ($150 million) for the three months ended on September 30, compared with a loss of 6.5 billion ...

Bloomberg American Airlines Group Inc surged as executives sketched out a robust outlook for 2020 after two punishing years for investors. Profit and cash flow are poised to rise as the company improves operations and reaches the end of heavy investments in new jets, Chief Executive Officer Doug Parker said. That will enable the company to cut debt even if ...

Bloomberg United Airlines and Apple Inc are in early discussions about upgrading United’s terminal at San Francisco (SFO) International airport. The talks between the companies have just begun and the specific upgrades that would come to the SFO airport terminal are unclear. “The Apple team in San Francisco has been in our baggage hold areas, customer service and the lobbies,” ...

Bloomberg Spirit Airlines Inc agreed to buy 100 Airbus SE A320neo family aircraft, handing the European planemaker a potential order in the $11 billion range during a weak year for sales. The memorandum of understanding would include a mix of all three of Airbus’s workhorse single-aisle models, from the A319neo to the A321neo, Spirit said in a statement. If the ...

Bloomberg It’s not often that an airline decides to design its own airplane. On Sunday, United Airlines Holdings Inc will fly customers on a new regional jet crafted to its exact specifications, an aircraft that comes with 10 first- class seats. By putting premium perches on a small regional jet with a total of only 50 seats, United hopes to ...

Bloomberg Billionaire UK entrepreneur Richard Branson said opponents of Brexit should hold out for a second referendum and not be seduced into backing Prime Minister Boris Johnson’s revised deal with the European Union. Concern about avoiding a no-deal split combined with a sense of fatigue surrounding the Brexit debate more than three years after the original vote to quit the ...

Bloomberg Boeing Co’s chief executive officer will testify before a Senate committee next week to answer questions about the planemaker’s design and certification of a jet involved in two deadly crashes. Dennis Muilenburg will appear at a Senate Commerce Committee hearing next Tuesday, a day before his expected appearance before the House’s Transportation committee, according to two people familiar with ...

Bloomberg “Flight shame” — flyers feeling guilty about their carbon footprint — is a real phenomenon and will raise costs for airlines, consumers and companies, while catapulting emission offsetting into a big business, Citigroup predicts. The cost of offsetting planes’ carbon emissions could become as much as 10 times higher than the airline industry currently estimates, Citi analysts including Mark ...