Aviation

Bloomberg American Airlines will pay $90 million over 10 years to sponsor the new home of the NFL’s Rams and Chargers, becoming the first official partner for billionaire Stan Kroenke’s new Los Angeles Stadium. American Airlines agreed to sponsor the 2.5-acre space that serves as main entrance to the $5 billion Inglewood, California, stadium, which doesn’t have a naming-rights partner ...

Bloomberg Cathay Pacific Airways said geopolitical and trade tensions are likely to damage the business after the airline rebounded to a profit in the first half. Protests in Hong Kong cut inbound passenger traffic in July and are “adversely” affecting bookings, Cathay said in a statement Wednesday. First-half net income was $172 million compared with a year-ago loss of HK$263 ...

Geneva / Emirates Business The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometres (FTKs), decreased by 4.8 percent in June 2019, compared to the same period in 2018. This marks the eighth consecutive month of year-on-year decline in freight volumes. Signs of a modest recovery in recent months ...

Bloomberg Rolls-Royce Holdings Plc’s cash outflow ballooned in the first half as a bottleneck in plane deliveries at Airbus SE and Boeing Co reduced engine revenue and stockpiling for a no-deal Brexit led to a buildup of parts. Europe’s biggest jet-engine maker posted negative underlying free cash flow of $522 million for the six months, almost six times the level ...

NEW DELHI / WAM The major airport in the Indian capital will be equipped to handle 100 million passengers per annum (MPPA) in the next three years, ANI reported. The expansion works of Indira Gandhi International (IGI) Airport will also enhance the airside capacity to handle 140 MPPA. In the last decade, the Air Traffic Movements and passenger numbers have ...

Bloomberg Heathrow management made an eleventh-hour offer to a union representing thousands of ground staff, leading to the suspension of a planned strike on Tuesday which would have disrupted flights at Europe’s busiest airport. The Unite labour group will take the improved offer to members for a vote and hold off on plans for a walkout, according to a statement ...

Bloomberg American Airlines Group Inc and Southwest Airlines Co are trumpeting new efforts to cater to lucrative business travellers. Southwest, which pioneered a discount strategy aimed at budget flyers, will give corporate travel managers greater control over bookings. American is wooing them with free preferred seats and priority access through security checkpoints. The moves, announced at the Global Business Travel ...

Bloomberg The first part of a two-day strike at London’s Heathrow airport was averted and some flights were reinstated as talks with ground staff continue, while British Airways is also set to hold a new round of negotiations with pilots in a separate pay dispute. The Unite union, which had balloted 4,000 Heathrow ground workers on a strike, suspended its ...

Bloomberg Grupo Aeromexico SAB is readying itself for a shopping spree to update its fleet of short-haul jets. Mexico’s sole legacy carrier is poised to choose this year between Embraer SA E195-E2 aircraft and Airbus SE A220 models, Chief Executive Officer Andres Conesa said. The order would potentially be for 60 planes to overhaul the existing regional fleet of Embraer ...

Bloomberg Ryanair Holdings Plc’s planned cull of pilots has reached the Irish group’s Austrian subsidiary, with workers there told that the positions of 30 flight-deck crews are at risk. Laudamotion Chief Executive Officer Andreas Gruber said in a letter to employees that the jobs will need to go if an agreement on savings and new flight rosters can’t be reached ...