Bloomberg Cathay Pacific Airways Ltd is doubling down on mining customer data. The airline is logging the travel habits of lucrative business-class flyers, such as when they want their seat laid flat, in a bid to individually tailor flights for them, Chief Executive Officer Rupert Hogg said in an interview in Singapore. Cathay seeks to track 23 categories of behaviour ...
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China considers excluding Boeing 737 from trade deal
Bloomberg China is looking at excluding Boeing Co’s troubled 737 Max jet from a list of American exports it would buy as part of a trade deal with the US, people familiar with the matter said. Boeing jets were featured on a draft list of American products China would buy to reduce its trade surplus with the US, the people ...
Read More »Delta continutes to pursue bankrupt Alitalia’s takeover
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 ...
Read More »BA adds ‘door’ in business-class salvo
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, ...
Read More »Boeing had too much sway in vetting jets
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 ...
Read More »Cash-strapped Jet Air delays interest payment on bond
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 ...
Read More »Southwest, mechanics reach deal in labour row
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 ...
Read More »Boeing in turbulence as lawsuit risks soar
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 ...
Read More »Italy’s populists struggle with bankrupt Alitalia rescue as EasyJet option cools
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 ...
Read More »Zurich, Aena bid high to win Brazil airport auction
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 ...
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