Aviation

Bloomberg Boeing warned it will consider slowing or even temporarily halting production of 737 Max, the company’s most important jetliner, if a global flying ban drags on longer than anticipated. The planemaker’s best estimate is that it will submit software updates and paperwork for the Max by September to the US Federal Aviation Administration (FAA), followed weeks later by approval …

Bloomberg US buyout firm Advent International Corp agreed to acquire UK defense and aerospace company Cobham Plc for about 4 billion pounds ($5 billion), as cash-flush private-equity firms seek targets in Britain. Cobham shareholders will receive 165 pence a share in cash, a 34 percent premium to the closing price, the companies said. The stock traded 35 percent higher at …

Bloomberg Starwood Capital Group and Apollo Global Management have submitted offers to buy an aircraft-financing business owned by General Electric Co, which could fetch around $4 billion, according to people familiar with the matter. GE is working with advisers as it explores a possible sale of PK AirFinance, a subsidiary of the conglomerate’s broader aircraft-leasing business known as GECAS, said …

Bloomberg JetBlue Airways Corpexpressed dismay with Airbus SE after the US carrier learned it will get less than half the A321neo jets it was expecting this year because of production snarls that are delaying deliveries of the European planemaker’s biggest single-aisle model. The New York-based airline will get a maximum of six of the aircraft this year, compared with the …

Bloomberg British Airways pilots’ planned strike may cost the airline as much as $50 million a day, the airline said in a lawsuit as it seeks to halt the walkout. Pilots at the airline backed industrial action — including what would be their first strike in about four decades — with a 93 percent majority, the British Airline Pilots Association …

Bloomberg Khazanah Nasional Bhd has hired Morgan Stanley to look at strategic options for Malaysia Airlines Bhd, according to an official in the prime minister’s department. The investment bank was brought in as an independent adviser for the airline’s recovery plan, Md Farid Md Rafik, a deputy minister in Mahathir Mohamad’s department, said in parliament on Wednesday, confirming a Bloomberg …

Bloomberg Khazanah Nasional Bhd has hired Morgan Stanley to explore strategic options for Malaysia Airlines Bhd, the nation’s loss-making flagship carrier, according to people familiar with the matter. The investment bank will be responsible for looking at options for the airline, including a potential stake sale, said the people who asked not to be named as the discussions are private. …

Bloomberg Boeing Co’s credit rating is at risk as the grounding of the company’s 737 Max jetliner drags into a fifth month, with Moody’s Investors Service joining Fitch Ratings in sounding a warning. The planemaker faces a $5 billion cash-flow drain this year as it continues to churn out aircraft it can’t deliver until regulators around the globe clear the …

Bloomberg An uneasy alliance between airlines as they face down criticism over carbon emissions has collapsed into a high-profile dispute involving Europe’s biggest network carrier and largest discounter. Deutsche Lufthansa Chief Executive Officer CarstenSpohr lashed out at low-cost carriers including Ryanair Holdings in a Swiss newspaper, saying their loss-leading fares are stoking demand for needless flights that raise pollution and …

Bloomberg British Airways (BA) is preparing to go to court to block a potential walkout by its pilots at the height of the busy summer travel season. The airline, a unit of IAG SA, was expected to the UK’s high court on July 23 to seek an injunction against the British Airline Pilots Association, known as Balpa, should members vote …