Aviation

Bloomberg Khazanah Nasional Bhd has hired Morgan Stanley to explore strategic options for Malaysia Airlines Bhd, the nation’s loss-making flagship carrier, according to people familiar with the matter. The investment bank will be responsible for looking at options for the airline, including a potential stake sale, said the people who asked not to be named as the discussions are private. ...

Bloomberg Boeing Co’s credit rating is at risk as the grounding of the company’s 737 Max jetliner drags into a fifth month, with Moody’s Investors Service joining Fitch Ratings in sounding a warning. The planemaker faces a $5 billion cash-flow drain this year as it continues to churn out aircraft it can’t deliver until regulators around the globe clear the ...

Bloomberg An uneasy alliance between airlines as they face down criticism over carbon emissions has collapsed into a high-profile dispute involving Europe’s biggest network carrier and largest discounter. Deutsche Lufthansa Chief Executive Officer CarstenSpohr lashed out at low-cost carriers including Ryanair Holdings in a Swiss newspaper, saying their loss-leading fares are stoking demand for needless flights that raise pollution and ...

Bloomberg British Airways (BA) is preparing to go to court to block a potential walkout by its pilots at the height of the busy summer travel season. The airline, a unit of IAG SA, was expected to the UK’s high court on July 23 to seek an injunction against the British Airline Pilots Association, known as Balpa, should members vote ...

Bloomberg Cathay Pacific Airways Ltd completed the acquisition of Hong Kong’s only budget carrier as the company expects to lift its market share amid growing competition from mainland Chinese airlines. Hong Kong Express Airways Ltd, which was previously owned by HNA Group Co, will continue operating as a standalone airline under the low-cost model, Cathay said in a statement. The ...

Bloomberg Australia and New Zealand grounded Gippsland GA8 Airvan planes over safety concerns after a deadly crash in Sweden this month killed nine. Australia’s Civil Aviation Safety Authority (CASA) halted operations of the planes made by Gippsaero Pty Ltd for 15 days, it said, adding it has sent an airworthiness engineer to Sweden to observe the crash investigation and collect ...

Bloomberg EasyJet Plc said a surge in late leisure bookings is lifting ticket prices, aided by a cooler summer in the UK and northern Europe. Revenue per seat, which reflects fares, is higher and sales for the three months through June rose 11 percent from a year ago, Luton, England-based EasyJet said in a statement. A drop in flight cancellations ...

Bloomberg The insolvency administrator of Jet Airways India Ltd is seeking resolution proposals for the grounded airline in a move that may give hope to creditors including State Bank of India. Any expression of interest has to be submitted by August 3, Ashish Chhawchharia, resolution professional, said in a notice published in the Economic Times newspaper. The final list of ...

Bloomberg United Airlines Holdings Inc prodded Boeing Co for details on a proposed new jetliner for middle-distance routes, even as the planemaker races to get its workhorse 737 Max back into the skies. The world’s second-biggest airline is contemplating how to replace 130 of its older Boeing 757 and 767 aircraft, which are used on a variety of domestic and ...

Bloomberg United Airlines Holdings Inc raised its 2019 profit forecast as strong US travel demand helps the world’s second-largest carrier absorb rising cost pressures from the grounding of Boeing Co’s 737 Max. Earnings will climb to at least $10.50 a share this year, United said in a statement as it reported second-quarter results. That was up from the $10 floor ...