Aviation

Bloomberg The fate of debt-laden Jet Airways India Ltd, the country’s oldest surviving private airline, could be determined as soon as a creditor-imposed deadline for takeover bids runs out on Wednesday. Creditors led by State Bank of India had not received any bids for as much as 75 percent of Jet Airways, though that doesn’t mean that offers won’t come ...

Bloomberg Commercial flying may have lost its mythical appeal from the bygone jet age — think crowded budget carriers, dour catering and the premature demise of the majestic Airbus A380 airliner — but aerospace companies are nevertheless busy trying to improve the passenger experience on board an aircraft. In the hyper-competitive world of aviation, more comfort in the cabin can ...

Bloomberg The European Union is preparing retaliatory tariffs against the US over subsidies to Boeing Co, significantly escalating transatlantic trade tensions hours after Washington vowed to hit the EU with duties over its support for Airbus SE. The two sets of planned punitive measures are the latest twists in a 14-year-old dispute that the US and EU have fought at ...

Bloomberg Boeing Co’s plan to cut its 737 jetliner production by 19 percent this year is expected to have negative spillover effects across the aerospace industry, from parts suppliers to engine makers and even airlines. The planemaker said it would cut output to 42 airplanes a month by mid-April, as the company fights global criticism about the safety of its ...

Bloomberg Jet Airways India Ltd’s lenders invited initial bids to buy as much as 75 percent of the debt-laden carrier, starting a process that will determine the future of India’s oldest surviving private airline. Potential buyers must submit their interest by April 10, State Bank of India Ltd, the lead creditor, said in a document. A strategic bidder should have ...

Bloomberg Just hours after Ethiopia demanded Boeing Co fix flight controls blamed for the crash of a 737 Max 8 jet last month, the parents of an American victim sued the company, and her grand-uncle, consumer advocate Ralph Nader, called for a boycott and recall of the plane. The flurry of new legal woes came as Boeing Chief Executive Officer ...

Bloomberg Ethiopian Airlines Group is reconsidering its order for 25 additional 737 Max jetliners from Boeing Co, in part because of the “stigma’’ surrounding the aircraft involved in two fatal air disasters in five months — one of them an Ethiopian Airlines flight. Tewolde GebreMariam, the state-owned carrier’s chief executive, spoke in an interview with Bloomberg News a day after ...

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 ...