Aviation

Bloomberg Mitsubishi Heavy Industries Ltd. finally ended the development of its SpaceJet aircraft — a domestic short-haul jet that was to supply local carriers including ANA Holdings Inc. — after spending hundreds of millions of dollars on the project. Tokyo-based Mitsubishi Heavy lacked the understanding and technological know-how for SpaceJet to materialise, Chief Executive Officer Seiji Izumisawa said at a ...

  Bloomberg Recent plane near-collisions on runways have raised red flags among lawmakers crafting a major US aviation policy bill. The National Transportation Safety Board (NTSB) is investigating two near-misses in recent weeks on runways at airports in New York and Texas. Lawmakers weighed how to respond at the House Transportation and Infrastructure Committee’s first hearing of the year to ...

Bloomberg US aviation authorities are years behind on updating the critical-alert system that failed spectacularly last month, causing thousands of flight disruptions. Critics say the delay is a threat to passenger safety. House lawmakers are scheduled to hold a hearing on aviation safety at which they’re likely to raise questions about the January 11 meltdown of the Federal Aviation Administration’s ...

  Bloomberg Delta Air Lines Inc. is raising the pay of non-union employees by 5% as US carriers bask in an air travel rebound that has held steady despite growing uncertainty about the economy and consumer spending. The move includes an increase in base pay for ground and flight-attendant workers worldwide, along with additional compensation for certain other employees based ...

  Bloomberg Ryanair Holdings Plc called for immediate action after illegal drone flying near Dublin airport caused disruption on three of four days over a bank holiday weekend, affecting thousands of travellers. Flight operations at the airport were suspended for three days due to drones spotted on the airfield, forcing several flights to be suspended, delayed, and diverted to other ...

  Bloomberg Boeing Co. plans to trim about 2,000 finance and human resources jobs, part of an initiative to slim its corporate structure while bolstering the manufacturing workforce. The reductions will take place companywide and will be accomplished through layoffs and attrition, Boeing said in an emailed statement. Potentially affected workers haven’t yet been told if they will lose their ...

  Bloomberg A FedEx Corp. wide-body cargo jet came within 100 feet of colliding with a Southwest Airlines Co. plane early February 4 in Austin, Texas, and the two planes remained in close proximity for at least 30 seconds, according to accident investigators. The FedEx Boeing Co. 767-300 had been cleared to land on the same Austin-Bergstrom International Airport runway ...

  Bloomberg The insolvency administrator of Frankfurt-Hahn airport in western Germany said he’s secured different “sale variants” for the facility and concluded two purchase agreements with investors who are independent of each other. The administrator’s comment comes amid reports of several interested parties for the insolvent airfield. The agreements are subject to conditions “so that ultimately only one purchase agreement ...

  Bloomberg The frequent-flyer clubs of marquee Asian airlines including Cathay Pacific Airways Ltd. and Singapore Airlines Ltd. fell further behind those of US rivals during the pandemic, highlighting the region-wide damage from prolonged travel restrictions. Led by Delta Air Lines Inc., loyalty divisions at the four major US airlines cemented their positions in early 2023 as the world’s most ...

  Bloomberg Space Exploration Technologies Corp. is part of a payload contract Nasa has awarded for as much as $100 million over a decade. Elon Musk’s rocket launch and satellite operator will share the contract for unspecified “commercial payload processing services” with Astrotech Space Operations LLC, a unit of Lockheed Martin Corp., the government’s space agency has announced in a ...