Aviation

Bloomberg China will need to spend $2.9 trillion on new aircraft and ground services over the next two decades, according to Boeing Co, which continues to pin hopes on the world’s second-largest economy as its trade dispute with the US rolls on. The estimate, released in Boeing’s annual outlook on China’s commercial aviation market, is 7 percent higher than last ...

Bloomberg Thomas Cook Group Plc has filed for Chapter 15 court protection in the US as part of a broader debt restructuring for the UK travel agent. The company’s Chapter 15 petition was filed in the Southern District of New York, court papers show. Law firm Latham & Watkins is representing the company, according to the documents. Chapter 15 of ...

Bloomberg Federal Aviation Administration (FAA) chief Steve Dickson plans to visit Boeing Co facilities in Seattle this week to personally assess the status of the 737 Max, which was grounded after two fatal crashes. Dickson, a former executive and pilot at Delta Air Lines Inc. who is qualified to fly the 737, said he intends to perform test runs on ...

Bloomberg Airports Company South Africa’s full-year profit fell 59 percent to $15.4 million as a weak economy and cost pressures constrained revenue growth. The company, which manages South Africa’s major airports, reported a 4.6 percent decline in earnings before interest, tax, depreciation and amortisation to 2.8 billion rand, despite a 5.6 percent increase in revenue to 7.1 billion rand, Acting ...

Bloomberg United Airlines Holdings Inc and Expedia Group Inc reached a deal to continue online ticket sales, ending a standoff in which the airline had threatened to withdraw from one of the internet’s largest travel sellers. The agreement covers a multiyear period, the companies said in a statement without specifying how long it would last or disclosing other terms. United, ...

Bloomberg Air France-KLM’s Dutch arm will face a four-hour strike at Amsterdam’s Schiphol Airport, one of Europe’s busiest travel hubs, after negotiations over a salary increase for ground staff broke down, the FNV union said in a statement on its website. “KLM continues to refuse to come to a good collective labor agreement for ground staff. They leave their own ...

Bloomberg As Embraer SA prepares to complete the first assembly of its revised regional jet, the plane will enter the market with a disadvantage: It’s too heavy to be flown under the terms of US pilot contracts. But the Brazilian manufacturer still expects to find eager buyers for its new E175-E2 elsewhere in the Americas, Southeast Asia and Europe. “My ...

Bloomberg Japan Airlines Co could be a contender to buy a stake in Malaysia Airlines Bhd, the Edge weekly newspaper reported. There have been high-level talks for Japan Airlines to pursue an interest in the Malaysian national carrier amid close ties between the two governments, the Edge said, citing two unidentified people familiar with the matter. Japan Airlines President Yuji ...

Bloomberg Hong Kong’s air traffic declined last month as protests took a toll on the city. Hong Kong International Airport handled 6 million passengers in August, down 12.4 percent from a year earlier, according to figures published by the Airport Authority. It said the decline was mainly due to lower visitor numbers. There was also a “significant” fall in passenger ...

Bloomberg The UK aviation regulator is preparing for a possible collapse of tour operator Thomas Cook Plc ahead of a showdown with bondholders, the Times of London reported, without saying where it got the information. The Civil Aviation Authority (CAA) is making contingency plans for the possibility of having to repatriate “hundreds of thousands” of passengers stranded abroad, the newspaper ...