Aviation

Bloomberg Boeing Co. Chief Executive Officer Dennis Muilenburg faces his biggest crisis yet following the second deadly crash of a 737 Max jetliner, prompting some airlines to ground the best-selling plane and sending the shares on track for their biggest loss since just after the 9/11 attacks. China ordered its carriers to ground all 96 of Boeing’s newest 737 model, ...

Bloomberg Thai Airways International Pcl, the nation’s flagship carrier, plans to buy as many as 38 new aircraft to help reduce maintenance costs after losses widened more than fivefold last year amid fierce competition and unpredictable fuel prices. The new aircraft, which are more fuel-efficient, would help trim operating costs and attract customers, President Sumeth Damrongchaitham told reporters in Bangkok. ...

Bloomberg Two months into 2019, Airbus SE has logged cancellations for 103 jetliners and garnered a grand total of four new sales — and those orders were for the A220 plane manufactured in Canada by Bomb- ardier Inc. The deal for the A220s — formerly the Bombardier C Series — with Pacific Ocean carrier Air Vanuatu represented Airbus’s only new ...

Bloomberg Environmental activists recoil for a reason when the super-rich fly private jets to forums that preach carbon neutrality. Airplane pollution levels really are going through the stratosphere and nobody seems to have a viable plan to rein them in. While energy generation and agriculture currently dwarf aviation’s 1.3 percent share of all human-caused greenhouse gases, emissions from air travel ...

Bloomberg The biggest losers in Airbus SE’s decision to wind down production of its A380 superjumbo may be taxpayers in France, Germany, Spain and the UK, where governments made a big bet on the plane by lending more than 3.3 billion euros ($3.7 billion) to build it. Airbus agreed to reimburse the loans, together with interest, but payments were tied ...

Emirates Business The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased 1.8% in January 2019, compared to the same period in 2018. This was the worst performance in the last three years. Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 4.0% year-on-year in ...

Bloomberg A four-month-old Ethiopian Airlines Boeing plane en route to Kenya’s capital, Nairobi, crashed on Sunday, killing all 149 passengers and eight crew, the airline said in a statement. The crash is the second in five months involving a Max 8 after a Lion Air plane that had been delivered only 2 1/2 months earlier nose-dived into the Java Sea ...

Bloomberg Just as a tide of cancelled orders has prompted Airbus SE to halt production of the A380 superjumbo, Japan’s biggest airline is betting it can succeed where others have failed — by filling the luxurious double-deckers with tourists flying to Hawaii. Starting May 24, ANA Holdings Inc. has scheduled three flights a week from Tokyo to Honolulu on the ...

Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary waded into the row over the UK’s Brexit logjam, saying controversy over the so-called Irish backstop has been exaggerated. The backstop, which keeps the UK in a customs union with the European Union unless a future trade deal makes border checks unnecessary, won’t be a problem so long as Britain moves ...

Bloomberg Aviation regulators warned Southwest Airlines Co. and its mechanics’ union that their contentious contract talks and legal fight are putting the carrier’s safety at risk. The Federal Aviation Administration sent the letter to Southwest and the Aircraft Mechanics Fraternal Association, urging the two parties to work cooperatively on safety issues. Southwest flies the most passengers on domestic flights of ...