Aviation

Bloomberg Indian budget carrier SpiceJet Ltd plans to sell shares in its logistics business in an initial public offering, as the rise of e-commerce drives demand for fast shipping across the region. The one-year-old cargo division, known as SpiceXpress, could be listed on a stock exchange within 12 months, SpiceJet Chairman Ajay Singh said in an interview at Bloomberg’s New ...

Bloomberg German airline Condor’s request for emergency financing was granted by Chancellor Angela Merkel’s government in a bid to get the tourist carrier through the winter after the demise of UK parent Thomas Cook Group Plc. The bridging loan worth 380 million euros ($420 million) must be approved by the European Commission and will be valid for six months, according ...

Bloomberg The top US aviation regulator briefed his counterparts from around the world on the grounded Boeing Co 737 Max, reminding them that improvements in both aircraft design and piloting are needed for safety. Newly installed FAA Administrator Steve Dickson pledged in his opening statement to continue sharing information as the agency assesses Boeing’s proposed fixes for a flight-control system ...

Bloomberg Vietnam’s Bamboo Airways expects to raise about $100 million from its planned initial public offering next year to fuel its aggressive expansion in one of the world’s fastest-growing aviation markets. “The fundraising will help us to expand our fleet as we want to take 30 percent of the domestic market next year,” Trinh Van Quyet, the Hanoi-based chairman of ...

Bloomberg Cathay Pacific Airways Ltd said it fired two crew members at a unit as part of an investigation into why depleted emergency oxygen bottles are turning up on its flights. Cathay Dragon detected an emergency oxygen bottle in a “low-pressure state” on a September 21 flight to Hong Kong from Kuala Lumpur, it said in a statement. All cabin ...

Bloomberg When Thomas Cook Group Plc began dangerously hurtling toward collapse early last week, Transport Secretary Grant Shapps ordered up a contingency plan: Operation Matterhorn. The effort aimed to safeguard the return of UK tourists should the company indeed go under. But the massive undertaking also betrayed the thinking that had taken root in the Brexit-hardened cabinet: that the company ...

Bloomberg The German government is mulling a request for an emergency loan by Thomas Cook Group Plc’s Condor subsidiary as Deutsche Lufthansa AG remains tight-lipped on the fate of a unit it bid for earlier this year. Germany’s Economy Ministry on Monday said it is assessing Condor Flugdienst GmbH’s request for a bridge loan after its parent company collapsed under ...

Bloomberg Airlines operating in Hong Kong are urging the government to implement temporary policies to offset damage to their business as months of pro-democracy protests have disrupted operations and hurt visitor numbers. In a letter to the Secretary for Transport and Housing, the Board of Airline Representatives (BAR), which represents 70 carriers operating in Hong Kong, asked for short-term measures ...

Bloomberg With a crucial summit for the Boeing Co 737 Max looming this week, regulators are downplaying the threat of a rupture to a decades-old working relationship between US and European aviation authorities. On the eve of a gathering of about 50 airworthiness experts in Montreal, the top European regulator, Patrick Ky, suggested that the Max could return to the ...

Bloomberg Rolls-Royce Plc will incur additional delays in fixing problems with its Trent 1000 aircraft engine, hampering efforts to get grounded Boeing Co 787 Dreamliners back in the air. The challenge of replacing engine components with less-than-expected durability will delay the return of normal service until the second quarter of next year, the company said in a statement. Rolls-Royce shares ...