Aviation

Bloomberg Delta Air Lines Inc will continue to pursue a takeover of Alitalia SpA’s operations after a potential partner dropped out, leaving the Italian government with only one industry suitor willing to take the unprofitable flag carrier off its hands. The US airline said it was continuing discussions with state-controlled railway Ferrovie dello Stato Italiane SpA about taking a stake ...

Bloomberg British Airways unveiled the business-class seat it’s counting on to fend off Virgin Atlantic Airways Ltd and other rivals in markets including London-to-New York, the world’s most lucrative route for corporate travel. The “Club Suite” will transform into a flat bed, a feature now standard after BA introduced it in the 1990s, but will also come with a door, ...

Bloomberg FAA employees warned as early as seven years ago that Boeing Co. had too much sway over safety approvals of new aircraft, prompting an investigation by Department of Transportation auditors who confirmed the agency hadn’t done enough to “hold Boeing accountable.” The 2012 investigation also found that discord over Boeing’s treatment had created a “negative work environment” among Federal ...

Bloomberg Jet Airways India Ltd. said it will miss a bond interest payment and grounded more planes as lenders work on a plan to restructure the cashed-strapped carrier’s debt. It’s delaying a payment due on March 19 “owing to temporary liquidity constraints,” the company said in an exchange filing. The airline has been forced to ground planes as negotiations between ...

Bloomberg Southwest Airlines Co. and the union for its mechanics reached an agreement in principle for a new contract, amid an exchange of lawsuits and more than six years after beginning negotiations. The proposed five-year accord would give mechanics $160 million in retroactive pay, an immediate 20 percent raise effective April 1, and 3 percent annual increases each August, according ...

Bloomberg Lawyers are already targeting Boeing Co. for Ethiopian Airlines disaster even while investigators are still trying to figure out what caused two 737 Max 8 jetliners to go down in a span of five months, killing 346 people. Boeing faces the prospect of substantial payouts to the families of passengers if it’s found responsible for both the Indonesia and ...

Bloomberg Italy’s populist government is heading back to the drawing board as it struggles to find investors for bankrupt airline Alitalia SpA, with UK discounter EasyJet Plc close to bowing out of the latest rescue proposal, according to people familiar with the negotiations. Delta Air Lines Inc. is still on board as part of efforts led by Deputy Premier Luigi ...

Bloomberg Flughafen Zurich AG and Aena SME won concessions to operate airports in Brazil in an auction. The tender was seen as a test of investors’ appetite towards President Jair Bolsonaro’s market-friendly agenda that includes a massive privatisation plan. Bids for the three regional blocks came in well above the initial ask, and the government will collect fees of some ...

Bloomberg American Airlines Group Inc. suspended its service to Venezuela on security concerns, shutting down the only flights to the country by a major US carrier. The move followed a notice from the carrier’s pilots union, backed up by flight attendants, telling its members to refuse the routes because of dangerous conditions in the nation. “American will not operate in ...

Bloomberg Deutsche Lufthansa AG cut its growth plans after a slide in fares and higher fuel costs weighed on 2018 earnings. The stock fell the most in 4 1/2 months after the German carrier said it will slow capacity increases to 1.9 percent this summer from the 3.8 percent previously planned in an effort to bolster prices and cope with ...