Aviation

Bloomberg Almost 200 airports run by 40 operators backed a pledge for net-zero carbon emissions at European hubs by 2050 as the aviation industry responds to pressure over its contribution to climate change. Airports Council International also called for the sector to develop additional measures to those set by the Carbon Offsetting and Reduction Scheme for International Aviation. CORSIA has ...

Bloomberg Bombardier Inc is selling its regional-jet business to Mitsubishi Heavy Industries Ltd, ending the Canadian company’s foray into commercial aircraft after more than three decades. Mitsubishi agreed to pay $550 million for the maintenance, support, marketing and sales operations of the aging CRJ programme, the companies said. The Tokyo-based manufacturer, which is developing the first Japanese-built airliner since the ...

Bloomberg Delivering cargo to the farthest reaches of the world’s biggest archipelago has forever been a challenge. Indonesia’s biggest airline sees a solution in drones. PT Garuda Indonesia plans to use 100 unmanned aerial vehicles procured from China’s Beihang UAS Technology to ship goods across the nation’s more than 18,000 islands, Director for Cargo and Business Development Mohammad Iqbal said, ...

Bloomberg When Ray Conner retired as head of Boeing Co’s commercial aircraft business in 2017, the company threw a farewell party for its lifelong employee. Among the speakers: Willie Walsh, who runs the IAG SA airline group and had built a close rapport over the years both with Conner and Boeing, having spent almost two decades piloting 737 planes himself. ...

Bloomberg Deutsche Lufthansa AG adjusted its dividend policy and unveiled a revamp of its money-losing Eurowings arm in a bid to soothe investor worries a week after issuing a second profit warning this year. Europe’s biggest airline will rebase the dividend to 20 percent to 40 percent of adjusted net income, a measure a spokesman said would provide flexibility for ...

Bloomberg A flight attendants strike has forced Taiwan’s EVA Airways Corp to cancel hundreds of flights, just as the peak summer vacation season starts to get under way. The airline will scrap a total of 852 flights in the eight days to June 28, an EVA Airways spokesperson said by text message on Monday. Flights between Taipei and Hong Kong ...

Bloomberg Delta Air Lines Inc bought a stake in the parent of its joint-venture partner Korean Air Lines Co, deepening a push into Asia and bolstering the controlling family in its face-off with activist investors. The Atlanta-based airline acquired 4.3 percent of Hanjin Kal Corp, Korean Air’s largest shareholder, and expects to boost the holding to 10 percent over time, ...

Bloomberg Just two months after unveiling plans to begin US service to the UK, JetBlue Airways Corp moved to fly farther still, ordering 13 Airbus SE A321XLRs, the new, longest-range version of the popular narrow-body jet. The order builds on JetBlue’s April decision to enter the hyper-competitive trans-Atlantic market in 2021, with flights from Boston and New York to London. ...

Bloomberg Mexican airline Volaris has launched a programme called “Reuniting Families” that is offering to fly Central American immigrants in Mexico back to their countries of origin. For $1, plus applicable taxes, Volaris will fly immigrants in Tijuana, Ciudad Juarez, Guadalajara and Mexico City to Costa Rica, El Salvador or Guatemala. Immigrants need only show some form of ID and ...

Bloomberg United Airlines has suspended its service between Newark and Mumbai, a route that regularly flies through Iranian airspace, after Iran shot down a US military drone and as tensions between the two countries continue to escalate. “Given current events in Iran, United has conducted a thorough safety and security review of our India service through Iranian airspace and decided ...