Aviation

Bloomberg More than 5% of older Boeing Co 737 jets that underwent urgent inspections worldwide have cracks in a structure connecting the wings to the fuselage and will have to be temporarily grounded. So far, 36 of the workhorse Next Generation models have evidence of cracking out of 686 that have been inspected, Boeing said in an email providing updated ...

Bloomberg Hays Travel Ltd, the UK booking agent that’s buying 555 shops from Thomas Cook Group Plc, said the stores can turn profitable without the hefty airline costs that helped bring down the 178-year-old tour operator. Hays will add the outlets to its existing 190 shops to expand a business that’s more online-focussed than Thomas Cook was, founder and Managing ...

Bloomberg Boeing Co agreed to invest $20 million for a minority stake in Virgin Galactic, a startup that is preparing to fly its customers into space next year. The relationship is designed as a collaboration aimed at shaping the future of human space travel, the companies said in a statement. Virgin Galactic also is setting longer-term sights on shuttling airline ...

Bloomberg Indonesia’s largest private airline is among the more than two dozen local companies planning to sell shares for the first time as investors overlook a selloff in the broader market to lap up stocks from initial public offers. PT Lion Mentari Airlines, miners PT Ginting Jaya Energi, PT Dana Brata Luhur and PT Ifishdeco and developer PT Alamanda Investama ...

Bloomberg In the quest to command higher fares and traveler loyalty, airlines are constantly scrambling to market their onboard services as better than Brand X. These days, one highly visible battleground is directly in front of you: the seatback screen. While such displays are firmly entrenched aboard long-haul fleets, helping pass the hours during ocean crossings, there’s a deep difference ...

Bloomberg The union for Southwest Airlines Co pilots sued Boeing Co, saying the manufacturer rushed output of the 737 Max jet to stay competitive, withholding key information about a feature that contributed to two fatal crashes within five months. “Boeing made a calculated decision to rush a re-engined aircraft to market to secure its single-aisle market share and prioritise its ...

Bloomberg EasyJet Plc said earnings for the year through September were toward the top end of its forecasts, helped by strikes at British Airways and Ryanair Holdings Plc. The unrest at EasyJet’s biggest rivals spurred demand and sent revenue per seat, a proxy for fares, up 0.8% in the second half despite earlier predictions of a slide, the Luton, England-based ...

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 ...