Aviation

Bloomberg The US Securities and Exchange Commission (SEC) is investigating whether Boeing Co properly disclosed issues tied to the grounded 737 Max jetliner, according to people familiar with the matter, as regulators intensify their scrutiny of the company following two deadly crashes. Officials in the SEC’s enforcement division are examining whether Boeing was adequately forthcoming to shareholders about material problems ...

Bloomberg Flights to and from Indonesia’s Bali island have returned to normal, allowing the resort island to continue welcoming tourists, after a volcanic eruption. Airlines resumed flights to and from the I Gusti Ngurah Rai Airport on Saturday, Polana Pramesti, director general of civil aviation, said in a text message on Sunday. Several flights were cancelled after the Mount Agung ...

Bloomberg United Continental Holdings Inc is seeking to oust Avianca Holdings SA’s chairman and largest shareholder, just six months after the two airlines agreed to form a joint venture. The Colombian carrier’s stock jumped the most in nearly three years. The US airline took legal action in Bogota on a defaulted $456 million loan it made to Avianca Chairman German ...

Bloomberg Indonesia cancelled flights to and from the nation’s main resort island of Bali after the Mt Agung volcano erupted late on May 24. “Currently flights to and from I Gusti Ngurah Rai Airport have been cancelled.” Polana Pramesti, director general of civil aviation, said on the ministry’s Twitter page. “We will continue to update the latest condition on the ...

Bloomberg US aviation regulators won’t be rushed and have no timeline on when to return Boeing Co’s grounded 737 Max jet to flight, an official said as the government prepares to hold discussions with dozens of other nations on the plane’s fate. Federal Aviation Administration acting chief Daniel Elwell said the agency’s technical experts will leave “no stone unturned” as ...

Bloomberg Airbus SE will enhance the capabilities of the A220 single-aisle jet it acquired last year from Bombardier Inc in a bid to challenge Boeing Co by opening up potential new routes. Airbus will boost the range of the former C Series plane by about 450 nautical miles, sales chief Christian Scherer said in a briefing at the European planemaker’s ...

Bloomberg Southwest Airlines Co mechanics approved a new contract that provides pay increases and a retroactive bonus, closing out more than six years of negotiations that included a lawsuit and an alleged worker slowdown. The five-year agreement won 95 percent support from the Aircraft Mechanics Fraternal Association (AMFA), the union said. About 94 percent of eligible voters participated. The approval ...

Bloomberg Ryanair Holdings Plc predicted that its customers will embrace Boeing Co’s stricken 737 Max jetliner once the model returns to service after being grounded in the wake of two air crashes in five months. “We see no indication yet from passengers of any concern about the Max aircraft,” Chief Executive Officer Michael O’Leary told Bloomberg TV in an interview ...

Bloomberg Indonesia signalled it may ground Boeing Co’s 737 Max until next year, underscoring the challenges faced by the US planemaker as it races to get its fastest-selling jet back in the air after two fatal crashes. Even when the US Federal Aviation Administration (FAA) clears the plane, Indonesia will make its own decision after reviewing the proposed fixes, Director ...

Bloomberg US airline investors may see the three legacy carriers perform differently in the near future, Morgan Stanley analyst Rajeev Lalwani wrote in a note. United Continental Holdings Inc is likely to see upside to earnings, while American Airlines Group Inc may observe a cost reset from labour, Lalwani said. Shares of Delta Air Lines’s has finally started getting some ...