Aviation

Bloomberg The most exclusive airline seats are becoming harder to find, with two South Korean carriers becoming the latest to eliminate first class on some of their flights. Korean Air Lines Co will do away with first-class seats on 27 routes starting from June 1, while Asiana Airlines Inc will no longer offer the products on any of its services ...

Bloomberg The amount of money Boeing Co and its insurers will pay to the families of those who perished aboard two doomed jets will be dictated in part by one particularly grim calculation: How long did the victims know they were plunging to their deaths. That measure is just one part of an expanding legal fight to determine financial liability ...

Bloomberg Viva Air, the Latin American group of carriers owned by a founder of Ireland’s Ryanair Holdings Plc, has plans for a third airline in the region plus an initial public offering, to cash in on strong demand for discount air travel. The company aims to sell shares in New York within two years, Viva’s biggest shareholder, Declan Ryan, said ...

Bloomberg IAG SA eked out a profit in the first quarter even after the impact of a European fare war that pushed its biggest rivals to a loss. Shares of the British Airways owner rose as much 5.1% after it posted an operating profit of 135 million euros ($151 million), while reiterating its full-year guidance and predicting that pricing will ...

Bloomberg Pilots’ unions at Southwest Airlines Co, United Continental Holdings Inc and American Airlines Group Inc received federal grand jury subpoenas for documents relating to Boeing Co’s grounded 737 Max. The Southwest Airlines Pilots Association was given until May 24 to comply with the demand from the US Justice Department’s criminal division, union President Jon Weaks said. The Air Line ...

Bloomberg Delta Air Lines Inc will provide free Wi-Fi on some domestic flights starting from May 13, testing a plan to make the offering a standard feature. The pilot programme will include about 55 daily flights of varying length and across economy and premium cabins, Delta said. Passengers will be notified ahead of time by email if they’re on such ...

Bloomberg PT Garuda Indonesia defended the validity of its 2018 finances after a regulator raised questions about how the national carrier accounted for certain transactions, including with a startup technology company. The airline booked revenue of $211.9 million from PT Mahata Aero Teknologi, its annual report showed. The contribution helped Garuda to report a net income of $809,846 last year ...

Bloomberg The crash of a US Marine Corps F-35 that temporarily grounded the entire fleet of next-generation jets in 2018 was caused by a manufacturing defect in a fuel tube made by a United Technologies subcontractor, according to congressional investigators. The defect “caused an engine fuel tube to rupture during flight, resulting in a loss of power to the engine,” ...

Bloomberg Boeing Co met with 737 Max operators and lessors in Amsterdam, the first of about six sessions planned around the world as the planemaker lays the groundwork for resuming commercial flights of the aircraft following two deadly crashes. Executives are using the sessions to discuss how to maintain the jetliners, which were grounded days after a March 10 disaster, ...

Bloomberg Changes to a bill that opens up Brazil’s airline industry to foreign investment may scare off low-cost carriers, the head of the country’s aviation regulator said in an interview. The regulatory agency, known as Anac, is concerned that lawmaker-backed changes mandating airlines to fly to smaller airports and also forbidding them from charging for baggage could make Brazil unattractive ...