Aviation

Bloomberg Mitsubishi Aircraft Corp got a boost for its long-delayed SpaceJet regional aircraft, as Mesa Air Group Inc signed a pact to negotiate a potential 100-plane deal. The memorandum of understanding (MoU) calls for Mitsubishi and Mesa to discuss terms for a firm order of 50 SpaceJet M100 planes with purchase options for 50 more. Deliveries would begin in 2024, ...

Bloomberg UK citizens are learning to live with uncertainty surrounding Brexit and making travel plans without worrying too much about the future, according to the head of EasyJet Plc, Britain’s biggest low-cost airline. “If a situation continues for an extended period of time it becomes the new normal,” Chief Executive Officer Johan Lundgren said in a Bloomberg TV interview. “I ...

Geneva / Emirates Business The International Air Transport Association (IATA) announced slowing global passenger demand growth for July. Total revenue passenger kilometres (RPKs) rose 3.6 percent, compared to the same month in 2018. This was down from 5.1 percent annual growth recorded in June. All regions posted traffic increases. Monthly capacity (available seat kilometres or ASKs) increased by 3.2 percent ...

Bloomberg Cathay Pacific Airways Ltd Chairman John Slosar followed the chief executive officer in resigning after the carrier faced scrutiny from China for its employees’ involvement in the anti-Beijing protests in Hong Kong. Slosar, 63, will be replaced by Patrick Healy, a 31-year veteran at parent Swire Group, Cathay said on Wednesday in a filing. The changes are scheduled to ...

Bloomberg Air Canada is calling on the country’s transportation regulator to take a closer look at Onex Corp’s takeover of WestJet Airlines Ltd, arguing that the C$3.5 billion ($2.6 billion) deal may run afoul of foreign-ownership rules. “I am writing to express the concern that, due to the structure of the transaction and the capital and corporate governance structure of ...

Bloomberg Kenya Airways Plc is looking to renegotiate a 24-year long partnership with Air France-KLM to gain more control over their cost and revenue-sharing deal and the ability to make agreements with other airlines. The partly state-owned company has removed all staff that came from the European airline, including Chief Operations Officer Jan de Vegt, and replaced them with local ...

Bloomberg When American Airlines Group Inc exited bankruptcy in 2013, its new boss vowed to trounce rivals within a few years. These days, those competitors are delivering the beating. American is underperforming Delta Air Lines Inc and United Airlines Holdings Inc on profit margins and on-time arrivals. Investors are punishing American’s stock, sending the shares to the biggest decline this ...

Bloomberg Cathay Pacific Airways is under investigation by Chinese regulators after emergency oxygen bottles on three flights were found depleted or completely empty, compounding pressure on the Hong Kong airline from mainland authorities. Cabin crew from the flights have been grounded so they can help with the probe, Cathay told staff in a memo. As well as the Civil Aviation ...

Bloomberg Hurricane Dorian upended Labor Day travel plans for hundreds of thousands of people in the Southeastern US, as fierce winds and torrential rains forced widespread cancellation of rail service and airline traffic. According to FlightAware, a flight-tracking website, airlines cancelled 1,152 flights on September 2. The hardest-hit airport was Fort Lauderdale International in Florida, which closed at noon on ...

Bloomberg American Airlines Group Inc removed the Boeing Co 737 Max from its schedule for another month, joining carriers cancelling flights until December and beyond as they await US approval to fly the grounded jet. The extension means the cancellation of 140 daily flights through December 3, American said in a statement. The airline “remains confident that impending software updates ...