Aviation

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 ...

Bloomberg A consortium of India’s Tata Group, a unit of Singapore’s sovereign wealth fund GIC and SSG Capital Management will invest 80 billion rupees ($1.2 billion) to buy a stake in GMR Airports Ltd, which runs India’s biggest airport. The deal will pump 10 billion rupees into GMR Airports, a unit of GMR Infrastructure Ltd and purchase 70 billion rupees ...

Bloomberg Cathay Pacific Airways Ltd agreed to pay $287 million in cash for Hong Kong’s only budget airline to enter the no-frills market, after more than a decade resisting such a move to focus on premium services. Cathay plans to operate Hong Kong Express Airways, part of HNA Group, as a standalone carrier after the transaction is completed by December ...

Bloomberg Airbus SE secured a $35 billion jet deal from China during a state visit by President Xi Jinping to the French capital, dealing a blow to Boeing Co as it grapples with the grounding of its best-selling jet. The mammoth order consists of 290 A320-series narrow-body planes and 10 A350 wide-bodies, Toulouse-based Airbus said after the transaction was announced ...

Bloomberg Cathay Pacific Airways Ltd agreed to buy Hong Kong’s only budget carrier to expand into the no-frills market, the South China Morning Post said, citing sources familiar with the matter. An announcement on the acquisition of Hong Kong Express Airways Ltd was expected to be made on Tuesday, the report said, adding that the sources didn’t elaborate on details ...

Bloomberg The US Transportation Department is creating a special commission to review how newly designed aircraft are certified, spurred by criticism after two deadly crashes of Boeing Co’s 737 Max. The commission will evaluate how the Federal Aviation Administration (FAA) oversees the process of reviewing and approving new plane models, including the government’s growing use of aircraft manufacturers’ employees to ...

Bloomberg Naresh Goyal, a former ticketing agent who went on to build one of India’s biggest airlines, has stepped down as chairman of cash-strapped Jet Airways India Ltd after caving in to pressure from creditors. Jet’s board approved resignation of Goyal, 69, and his wife Anita, the second biggest full-service airline in India said in a filing on Monday. Banks, ...

Bloomberg Boeing Co plans to meet this week with customers and regulators to explain plans for getting its 737 Max back into service, after the aircraft was grounded following two deadly crashes in less than five months. The planemaker invited more than 200 pilots, technical leaders and regulators for an informational session in Renton, Washington, Boeing said in an emailed ...