Aviation

BLOOMBERG India is looking to partner with global aircraft manufacturers, including Embraer SA and Russia’s Sukhoi, to make small planes locally as it seeks to improve connectivity in tiny towns and far-flung areas, according to people familiar with the matter. The government will keep 51% equity with an Indian company, while asking the foreign partner to do technology transfer, the ...

BLOOMBERG Qantas Airways Ltd plans to hire 8,500 more workers in the next decade, about the same number it cut during the pandemic, underscoring aviation’s growth trajectory less than a year after the crisis. The additional roles include pilots, cabin crew and airport staff. With potentially more than 300 new aircraft arriving in the next 10 years, Qantas also plans ...

BLOOMBERG The new chief financial officer of American Airlines Group Inc has a message for skeptical voices in the credit community as the company seeks to secure a ratings upgrade: The $15 billion debt-cutting plan is on track. After spending around $24 billion to upgrade its fleet in the run-up to the pandemic, following a bankruptcy and the merger with ...

DUBAI / WAM Emirates will upgrade two of its services to Bahrain on March 06 to the A380 to serve high demand from those visiting and attending the Bahrain Formula 1 Grand Prix 2023. Flights EK 835/836 and EK 837/838, all previously operated by the Boeing 777-300ER, have been upgraded to the flagship and customer favourite, the Emirates A380, and ...

BLOOMBERG Britain’s advertising regulator has banned Lufthansa from using an ad that appears to suggest the German airline is protecting the planet and urged it not to mislead consumers about the impact of air travel on the climate. The ad in question, part of a campaign run by Deutsche Lufthansa AG last summer, features the front of a plane in ...

BLOOMBERG London’s Southend Airport is seeking a new owner after struggling to establish itself as a hub serving the UK capital. Current owner Esken Ltd said it has started a breakup of its main businesses following a strategic review, including a sale of its aviation business. It has also begun a sales process for the biofuels unit, its other main ...

BLOOMBERG Spring Airlines Co, China’s largest budget carrier, says international air travel remains weak and is stunting its recovery from Covid, even as peers globally struggle to keep up with demand. “We’re waiting for stronger demand to come,” Spring Airlines’ Vice-President Zhang Wu’an said at the Aviation Festival Asia in Singapore. For Spring, which operates an all-Airbus SE 117-strong fleet ...

BLOOMBERG Airbus SE is advising customers they’ll face longer waits for its newest jetliner, the long-range A321XLR, according to people familiar with the matter, adding to pressure on carriers trying to source planes to meet surging demand for travel as Covid fades. The delays vary by airline, with deliveries typically sliding by a matter of months, the people said, asking ...

BLOOMBERG De Havilland Aircraft of Canada Ltd, a leading manufacturer of turboprop planes, is aiming to win 80% of India’s small-plane market as the country seeks to bolster connectivity in far-flung corners and over rugged terrain. The company is expecting India to have as many as 120 small aircraft that seat less than 20 passengers in the next 10 years, ...

BLOOMBERG High airfares are here to stay as airlines take advantage of the post-pandemic travel boom to lock in higher charges, Capital A Chief Executive Officer Tony Fernandes said. “The fare environment is very good,” Fernandes said in an interview with Bloomberg Television from the sidelines of the Aviation Festival Asia in Singapore. “I think airlines have always underpriced their ...