Aviation

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 ...

Bloomberg Niki Lauda, the Austrian race-car driver who survived a near-fatal crash to win three Formula 1 world championships and went on to found his own airline, has died, German news agency Deutsche Presse-Agentur (DPA) reported. He was 70. Lauda died in his sleep surrounded by family, a family spokeswoman told DPA in a statement. He received a lung transplant ...

Bloomberg Europe’s biggest insurers are on the hook for as much as $450 million from a pair of airline crashes involving Boeing Co 737 Max planes. Munich Re reckons it could pay $168 million, an estimate that Chief Financial Officer Christoph Jurecka called “very conservative.” Swiss Re expects to pay up to $135 million; Hannover Re says it will pay ...

Bloomberg Rakesh Gangwal, one of the founders of IndiGo, has no desire to take control of India’s biggest airline, according to a statement by Chief Executive Officer Ronojoy Dutta. “I am categorically and clearly stating that there is no interest or desire whatsoever on the part of the RG Group to take control of the company,” Gangwal said in a ...

Bloomberg Thomas Cook Group Plc’s crisis deepened as the debt-laden travel group warned of another tough summer and said it will get a 300 million-pound ($385 million) rescue loan only if it makes progress with the sale of its airline. The stock fell to the lowest since 2012 and the bonds hit a record low after the world’s second-biggest tour ...

Bloomberg Southwest Airlines Co, which has tied all of its future growth to the grounded Boeing Co 737 Max, says the aircraft’s return to the skies this summer is still within reach. “I’m not predicting, but I’m hopeful,” Southwest Chief Executive Officer Gary Kelly said following the carrier’s annual shareholder meeting in Denver. “Is it possible? Absolutely.” The largest operator ...