Aviation

FAA to reject new simulator training before 737 Max flies

Bloomberg US aviation regulators are increasingly convinced they don’t need to mandate new simulator training for pilots of Boeing Co’s 737 Max before returning the grounded jet to service, according to people familiar with the discussions. Pilots would be required instead to take a computer-based training course they could perform at home or in a classroom, according to the people, ...

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Cathay CEO quits after airline caught in Hong Kong protests

Bloomberg Cathay Pacific Airways Ltd’s CEO Rupert Hogg resigned, a week after the carrier was rebuked by China for staff involvement in the anti-Beijing protests rocking Hong Kong. Hogg, 57, quit to take responsibility for the way the airline has responded to recent events, he said in an email to staff obtained by Bloomberg. Hong Kong’s flagship carrier appointed Augustus ...

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Boeing Max buyer posts record profit over ‘compensation’

Bloomberg Indian budget carrier SpiceJet Ltd booked income on the expectation of receiving compensation from Boeing Co for grounded 737 Max jets, posting its highest-ever profit in the process. Airlines around the world have sought compensation from Boeing for order delays and losses caused by the grounding of the 737 Max in the wake of two deadly crashes. There’s no ...

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Thai Air Q2 loss doubles as revenue drops

Bloomberg Thai Airways International’s second-quarter loss more than doubled as the global economic slowdown, fierce competition and a strengthened baht took their toll on revenue. The company reported a $223.7 million loss in the second quarter, compared with a 3.1 billion baht deficit a year earlier, according to a filing to Thai exchange.Revenue fell 10 percent to 42.5 billion baht. ...

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Aborted landings rise in Mexico City over airport crowding

Bloomberg Shortly before taking office last year, Mexican President Andres Manuel Lopez Obrador upended construction of a $13 billion airport for the nation’s capital. The glitzy, modernist project was riddled with corruption, AMLO said, and congestion could be eased more cheaply with a plan that included improvements for the existing hub. But now, just nine months later, the full extent ...

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HK airport chaos gives huge boost to rivals across border

Bloomberg Disruptions at Hong Kong’s international airport drove big gains in shares of airports just over the mainland border. Shenzhen Airport Co soared by the 10 percent daily limit, while Guangzhou Baiyun International Airport Co rose 4.5 percent to a record high. They also rallied, when protests first brought Hong Kong’s airport to a standstill and flights were cancelled. Cathay ...

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American Air’s union workers must end slowdown, says judge

Bloomberg A federal judge reinforced an order for American Airlines Group Inc mechanics and other airport ramp workers to end an alleged work slowdown the carrier said has had a “devastating effect” on flights during the busy summer travel season. US District Judge John McBryde in Fort Worth, Texas, made permanent an earlier order directing the TWU-IAM Association to stop ...

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China top bank cuts Cathay to strong sell

Bloomberg Cathay Pacific Airways Ltd was cut to a “strong sell” by the investment banking arm of China’s biggest lender, which said the fallout from the anti-Beijing protests in Hong Kong is set to hurt to the airline’s brand. State-run Industrial & Commercial Bank of China Ltd slapped a HK$6 price target on the stock, about a third less than ...

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Air Canada boosts its Transat offer to $151m

Bloomberg Air Canada boosted its takeover offer for Transat AT by 38 percent, or C$200 million ($151 million), securing support from the tour operator’s largest shareholder in the process. Air Canada said it will raise the bid to C$18 a share from C$13, bringing the value of the all-cash offer to C$720 million. The sweetened offer has the support of ...

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Boeing conducts China workshops to bring Max back

Bloomberg Boeing Co is holding workshops with Chinese airlines about the grounded 737 Max plane as it tries to bring the troubled jet back to operation. Boeing invited pilots and engineers from China Southern Airlines Co to a gathering in Guangzhou, according to an emailed statement from Boeing. More such workshops will be held with Air China, China Eastern Airlines, ...

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