Aviation

Bloomberg India is considering inviting expressions of interest to sell Air India Ltd by the end of next month as the government aims to complete the transaction this year, people with knowledge of the matter said. The government will conduct roadshows as well as be open to meet prospective buyers even before the expressions of interest are sought, the people ...

Bloomberg A key airline route between Europe and Asia re-opened on Tuesday, almost five months after Pakistan shut its airspace in the wake of military escalations with India. Pakistan closed its entire airspace in February after the Indian Air Force said it struck what it described as a terror camp — an allegation Pakistan denies — inside the boundaries of ...

Bloomberg Billionaire Lucio Tan will be the interim president of his Philippine Airlines Inc after the retirement of its long-time head. Tan will serve as president immediately, according to his daughter Vivienne Tan, in an emailed reply to Bloomberg News’ request for confirmation that the tycoon who’s been the airline’s chairman will serve on a concurrent capacity. Vivienne, executive vice ...

Bloomberg Airlines have for years been embarrassed by photographs and videos taken by disgruntled passengers with smartphones and posted on social media. Indonesia’s national carrier is fighting back. PT Garuda Indonesia issued a directive asking passengers not to take snaps or record footage inside the cabin. Days earlier, a business-class customer’s video blog had shown Garuda flight crew handing out ...

Bloomberg Alitalia’s rescue by Italy’s state-owned railway and investors including US carrier Delta Air Lines Inc may still be weeks away despite a looming deadline for offers for the loss-plagued carrier, people familiar with the matter said. Ferrovie dello Stato SpA is set to tell the carrier that its rescue plan has attracted potential investors, including Delta and Atlantia SpA, ...

Bloomberg London’s Heathrow Airport intends to speed up spending on its controversial third runway, even before getting approval for the 14 billion-pound ($18 billion) project, according to the industry regulator. Europe’s busiest airport plans to boost early spending to 2.9 billion pounds, in 2014 prices, so it can stay on schedule for a planned 2026 opening, the Civil Aviation Authority ...

Bloomberg Two of the major US airlines that fly Boeing Co’s grounded 737 Max have taken the plane off their schedules until early November, the latest sign that the jet may not resume commercial service this year. American Airlines Group Inc adjusted its schedule for the fifth time to accommodate the Max’s lengthening absence since its March 13 grounding. The ...

Bloomberg IAG SA Chief Executive Officer Willie Walsh said frustration with Airbus SE over late jetliner deliveries was a factor in his decision to place a $24 billion order for Boeing Co’s grounded 737 Max model. Cost and a desire to have a mixed narrow-body fleet weren’t the only considerations in the purchase, with IAG experiencing a 70-day delay on ...

Bloomberg United Airlines Holdings Inc is removing the Boeing Co 737 Max from its schedule through November 2, with flight cancellations growing each month the troubled jet remains out of service. United, the world’s second-largest carrier, currently has 14 of the 737 Max in its fleet and had planned to expand to 30 by year’s end. That means daily cancellations ...

Bloomberg Deutsche Lufthansa AG’s CEO Carsten Spohr criticised competitors for offering unprofitable ultra-cheap fares as a price war squeezes industry earnings. Tickets costing less than 10 euros ($11) are “economically, ecologically and politically irresponsible,” he said in an interview with the Swiss newspaper NZZ am Sonntag. “Flights for less than 10 euros shouldn’t exist.” Europe’s two biggest low-cost carriers are ...