Aviation

Bloomberg Apollo Global Management LLC is seeking to raise as much as $1 billion for a new aircraft-finance fund. The fund, expected to launch this year, would make various aviation investments and have a nine-year term, according to a person with knowledge of the matter, who asked not to be identified because the information isn’t public. Charles V. Zehren, a ...

Bloomberg The ceremony at the Elysee palace in Paris exuded the full pomp of the French state. Under ceilings dripping with chandeliers, executives of Airbus SE and the agency that buys planes for China’s airlines signed an order worth $35 billion as French President Emmanuel Macron and his Chinese counterpart, Xi Jinping, looked on. Normally, such an event would be ...

Bloomberg Kenya Airways Plc is in discussions with Airbus SE to acquire an unspecified number of planes from the Toulouse, France-based company, but remains a “happy and loyal customer” of Boeing Co, according to Chief Executive Officer Sebastian Mikosz. Sub-Saharan Africa’s third-largest carrier, which wants to add 50 airliners to its fleet over the next six years to ward off ...

Bloomberg Boeing Co faced widening fallout from the crisis over its 737 Max jets, as travel giant TUI AG warned the grounding of the aircraft will cut its profit and the estate of a passenger who died in this month’s crash in Ethiopia sued the planemaker. Boeing, based in Chicago, has been under intense scrutiny after two 737 Max crashes ...

Bloomberg Wow Air Hf has gone out of business, stranding thousands of passengers and creating potentially huge risks for Iceland’s tiny economy and its growing reliance on tourism. The discount carrier is the eighth European airline to have failed since the summer as margins are pinched by fluctuating fuel costs and over-capacity that’s sparked a continent-wide fare war. Wow’s demise ...

Bloomberg Troubled Jet Airways India Ltd missed a $109 million loan repayment due to HSBC Bank this week, people with knowledge of the matter said. The money was due on March 28, and was part of a two-tranche facility totalling $140 million that the company took from HSBC in 2014, according to the people, who asked not to be identified ...

Bloomberg Investigators of an Ethiopian Airlines crash have concluded that the same system that malfunctioned in an earlier accident off Indonesia was activated, and they are searching for a key piece of equipment that might explain why, according to people briefed on the probe. Preliminary flight data from the Boeing Co 737 Max jet’s black-box recorder indicates that a new ...

Bloomberg American Airlines Group Inc halted flights to Venezuela, indefinitely extending a temporary suspension that began two weeks ago. While the company said it was committed to reestablishing service “when the conditions are right,’’ it didn’t provide an estimate of when flights would restart. “We don’t have a set time frame,’’ American said. The decision cut off the last remaining ...

Bloomberg Employee unions at British Airways (BA) urged members to reject the airline’s latest pay proposal and said they will begin preparing for a potential industrial action. The biggest airline of International Consolidated Airlines Group SA has been facing a coordinated campaign for bigger salary increases from pilots, cabin crew and ground staff since November. The effort is challenging British ...

Bloomberg After two deadly crashes in five months, Boeing Co is embarking on a campaign to restore confidence in the 737 Max so that its best-selling jet can return to the skies. In Renton, Washington, the company was expected to gather customers and news media to walk through the details of a software update designed to help pilots more easily ...