Aviation

Bloomberg For Embraer Commercial, the escalating rift between the US and China is making things difficult. That’s because the commercial plane-making unit of Embraer SA counts China as its biggest market and is in the process of being taken over by the US’s top exporter, Boeing Co. The unit, which will be renamed Boeing Brasil Commercial, is seeking antitrust approval ...

Seoul / Emirates Business The International Air Transport Association (IATA) announced that KLM Royal Dutch Airlines will host the 76th IATA Annual General Meeting (AGM) and World Air Transport Summit in Amsterdam, the Netherlands, from June 22-23, 2020. This will be the third time that the Netherlands will host the global gathering of aviation’s top leaders (Following events held in ...

Bloomberg Airline entrepreneur David Neeleman said he’d be at the front of the line for a proposed new longer-range Airbus SE jetliner if it’s launched at next month’s Paris Air Show, as widely expected. “We’d definitely be interested in that airplane,” Neeleman said of the Airbus A321XLR, which wouldn’t start deliveries until 2023. “I wish it was coming sooner,” he ...

Bloomberg AirAsia Group Bhd, Southeast Asia’s largest budget carrier, wants to sell more than cheap flight tickets. AirAsia is talking to potential partners to build an e-commerce app that it wants to see overtake the size of its airline business, Group Deputy Chief Executive Aireen Omar said in an interview. The carrier, which is seen getting about 1 billion ringgit ...

Bloomberg Malaysia Airlines Bhd is reviewing whether to go ahead with a $2.75 billion order to buy 25 of Boeing Co’s 737 Max jets in the wake of two fatal crashes that’s led to the global grounding of the plane, a person familiar with the matter said. Though the state-run airline hasn’t made any decision, it wants Boeing’s reassurances about ...

Bloomberg Wizz Air Holdings dropped after saying its outlook is clouded by stiff competition for passengers and a threat from air-traffic control strikes. Profit will still rise this year, to as much as $390 million, as the Hungarian discount carrier seeks to grab market share from rivals battling higher fuel costs. Investors had hoped for more, according to Morgan Stanley, ...

Bloomberg European regulators assessing changes to Boeing Co’s grounded 737 Max will scrutinise the jet’s entire flight-control system before a return to the skies can be approved. The review by the European Union Aviation Safety Agency (EASA) will include the plane’s displays, alerts and air-data systems, as well as the aircraft’s autopilot function, EASA Director Patrick Ky wrote in a ...

Bloomberg It’s not often that an entire economy is thrown off course by a single corporate event. But that’s what appears to have happened in Iceland. The recent bankruptcy of budget airline Wow Air has delivered such a blow to the Icelandic tourist industry, and the wider economy, that the central bank cut its main interest rate by half a ...

Bloomberg Summer living is supposed to be easy, according to George Gershwin, but millions of air passengers during this year’s peak travel season may beg to differ thanks to a confluence of events that are making airlines and airports nervous. The US carriers’ trade group, Airlines for America, estimates that a record 257.4 million people will fly from June 1 ...

Bloomberg Billionaire founders of IndiGo, Asia’s biggest budget airline by market value, are debating “one issue,” the company’s chief executive officer said, days after local media reported the owners have fallen apart. “There are absolutely no differences on strategy, no differences on international expansion, no differences on management selection,” CEO Ronojoy Dutta said in a conference call with analysts. “There ...