Aviation

BLOOMBERG Air India Ltd expects to induct six Airbus SE A350 jetliners starting from the end of this year following the carrier’s giant aircraft purchase that was the biggest in the history of civil aviation. “We’ve committed to a historic order of aircraft that will start entering from the end of this year through to the end of the decade, ...

BLOOMBERG Airbus SE expects the Pacific region — Australia, New Zealand and neighbouring nations — to take delivery of 920 planes in the next 20 years, underscoring a fast revival in travel following the pandemic. The demand includes about 750 single-aisle jets, like the best-selling A320 family of aircraft, and about 170 bigger planes, Airbus said in a statement. More ...

BLOOMBERG Executives for JetBlue Airways Corp and Spirit Airlines Inc met with Justice Department officials in a final bid to persuade the antitrust agency to approve their $3.8 billion merger, said people familiar with the matter. The agency is expected to decide whether to challenge the deal in the next several weeks, the people said, asking not to be named ...

BLOOMBERG Hong Kong’s goal to reclaim its spot as Asia’s premier financial hub is being tested by a scarcity of workers in the air industry that’s vital for reestablishing the city’s international links. The damage caused by years of closed borders is proving hard to undo. The number of workers employed at the Norman Foster-designed airport at the end of ...

  Bloomberg Boeing Co plans to end production of its F/A-18 Super Hornet, the fighter jet that wowed movie audiences in last year’s Top Gun: Maverick, after more than 2,000 deliveries over 40 years. The aerospace giant will stop manufacturing the fighters after it hands over the last Super Hornet to the US Navy in late 2025, according to a ...

  Bloomberg IAG SA said it’s enjoying strong bookings into this year, led by holiday travel and stable business trips, and predicted a further recovery in 2023 as the aviation industry emerges from its worst-ever crisis sparked by the pandemic. Full year operating profit will reach about €1.8 billion to €2.3 billion, while net debt will remain broadly unchanged at ...

  Bloomberg Thai Airways International Pcl’s fourth quarter profit almost tripled after Thailand eased pandemic-related border restrictions and tourists started to come back to the popular Southeast Asia holiday destination. The carrier’s net income for the three months ended on December 31 rose to 11.2 billion baht ($322 million) from 4 billion baht a year earlier, Chief Executive Officer Chai ...

  Bloomberg Singapore Airlines Ltd will scrap the city-state’s only nonstop flight to Vancouver from October, a little more than a year after the Asian carrier returned to Canada. The move is another example of how global hub airlines are having to readjust their networks after the pandemic in order to better match supply and demand. The sharp uptick in ...

  Bloomberg Qantas Airways Ltd shares fell the most in almost eight months as the airline flagged higher-than-expected spending on planes in an immediate attempt to cope with the rapid rebound in passenger growth. Demand for flights will “remain strong” into the second half of 2023 and fares will stay significantly above pre-pandemic levels, Qantas said. But with supply-chain blockages ...

  Bloomberg Rolls-Royce Holdings Plc surged the most in more than two years after new Chief Executive Officer Tufan Erginbilgic embarked on a strategic review, saying the UK engineering firm has underperformed financially for years. The stock jumped as much as 20%, the most since November 2020. Rolls-Royce also reported earnings that beat estimates, with adjusted operating income coming in ...