Aviation

Bloomberg Boeing Co is cutting production of its 737 jetliner for the first time since the September 11 attacks as the planemaker works to limit financial damage from the global grounding of its newest and best-selling aircraft model. By slashing output 19 percent — to 42 airplanes a month by mid-April — Boeing will be able to reduce its spending ...

Bloomberg Chinese airline shares surged after the government announced plans to slash infrastructure levies charged to the companies, a welcome relief for carriers battling oil-price volatility and currency fluctuations in one of the world’s biggest aviation markets. Beijing-based Air China Ltd rose as much as 12 percent in Hong Kong, while Shanghai-based China Eastern Airlines Corp jumped 20 percent and ...

Bloomberg United Continental Holdings Inc will stop publishing charts showing the miles needed to obtain tickets through its frequent flyer program, allowing for a wider — and more expensive — range of prices. The move follows a similar decision by rival Delta Air Lines Inc in 2014 to scrap fixed tables in favour of dynamically pricing award tickets. The change ...

Bloomberg Lockheed Martin Corp’s $31 billion King Stallion helicopter programme for the US Marines may miss its first key milestone by more than 19 months because of a growing checklist of flaws discovered in development testing. The Naval Air Systems Command acknowledged that the helicopter designed to carry heavy cargo won’t meet its December target date for initial combat capability. ...

Bloomberg A new startup may have the answer for cashed-up travellers desperate to beat the gridlock in the mega cities of Southeast Asia: helicopter ride-sharing. Ascent Flights Global Pte is starting the service in the Philippines next week and plans to expand to Thailand, Indonesia and Malaysia by next year. The Singapore-based company lets customers book a seat on a ...

Bloomberg Rolls-Royce Holdings Plc said it will accelerate a program to install redesigned blades on some of its Trent 1000 engines, after early wear forced Singapore Airlines Ltd to grounded two 787 aircraft using the turbines. The latest setback for the Trent 1000 TEN, used on Boeing Co 787 Dreamliner jets, came after the UK engine maker sampled a small ...

Bloomberg Boeing Co says it needs more time to finish a software upgrade for its grounded 737 Max jetliners as company engineers update a stall-prevention system linked to two fatal crashes in five months. The planemaker said it would submit final paperwork for the revamp to the Federal Aviation Administration by March 29 to make the system — known as ...

Bloomberg Ryanair Holdings Plc was one of the 10 biggest polluters in Europe last year, a first for a company that doesn’t run coal-fired power plants. That’s the conclusion of analysis of European Union carbon emissions data undertaken by Transport & Environment, a Brussels-based research group. The group found Ryanair’s carbon dioxide emissions rose 6.9 percent last year. The findings ...

Bloomberg HNA Group Co agreed to sell control of airline caterer Gategroup Holding AG to RRJ Capital, the second major divestment in a week by the embattled Chinese conglomerate. RRJ will purchase all outstanding shares of Gategroup, the Swiss company said in a statement on its website, confirming an earlier Bloomberg News report. It didn’t disclose financial terms. The deal ...

Bloomberg EasyJet Plc dropped the most in more than two years after warning the crucial summer season will be weaker than expected as low-cost airlines feel the brunt of the UK’s political crisis over Brexit and waning consumer demand. Revenue per seat at constant currency fell an estimated 7.4 percent in the first six months of the carrier’s fiscal year, ...