Aviation

  Bloomberg The insolvency administrator of Frankfurt-Hahn airport in western Germany said he’s secured different “sale variants” for the facility and concluded two purchase agreements with investors who are independent of each other. The administrator’s comment comes amid reports of several interested parties for the insolvent airfield. The agreements are subject to conditions “so that ultimately only one purchase agreement ...

  Bloomberg The frequent-flyer clubs of marquee Asian airlines including Cathay Pacific Airways Ltd. and Singapore Airlines Ltd. fell further behind those of US rivals during the pandemic, highlighting the region-wide damage from prolonged travel restrictions. Led by Delta Air Lines Inc., loyalty divisions at the four major US airlines cemented their positions in early 2023 as the world’s most ...

  Bloomberg Space Exploration Technologies Corp. is part of a payload contract Nasa has awarded for as much as $100 million over a decade. Elon Musk’s rocket launch and satellite operator will share the contract for unspecified “commercial payload processing services” with Astrotech Space Operations LLC, a unit of Lockheed Martin Corp., the government’s space agency has announced in a ...

  Bloomberg A Greek government-owned fund has picked banks for an initial public offering of its 30% stake in Athens International Airport. The Hellenic Republic Asset Development Fund (HRADF) has chosen Bank of America Corp. and Morgan Stanley to lead work on the share sale, which will likely take place in the second half of the year. It has selected ...

Bloomberg Southwest Airlines Co. will reduce by half the amount of experience prospective pilots must have flying jet or turboprop aircraft as it accelerates hiring this year. Applicants will need to have 500 hours of “turbine time” starting February 7, down from the 1,000 hours previously required, the airline confirmed. The change, outlined in a memo to pilots, “will allow ...

Bloomberg Deutsche Lufthansa AG and Air France-KLM are in talks to buy bankrupt UK airline Flybe, the Telegraph reported, without saying where it obtained the information. Lufthansa and Air France-KLM are considering an offer because they are interested in Flybe’s seven pairs of take-off and landing slots at London’s Heathrow airport and five pairs of slots at Schiphol in Amsterdam, ...

Bloomberg Families of 737 Max crash victims say Boeing Co. violated terms of a 2021 deferred-prosecution agreement with the US government when the company pleaded not guilty in Texas last week to a fraud charge tied to its role in hiding flight-control flaws from regulators. In a motion filed in federal court, lawyers for the relatives claimed the aircraft maker’s ...

  Bloomberg A FedEx Corp. widebody jet flew over the top of a Southwest Airlines Co. plane in Texas after an air-traffic controller cleared the passenger plane to take off from the same runway that the cargo aircraft was preparing to land on, aviation authorities said. The US National Transportation Safety Board has opened an investigation into the close call ...

Bloomberg Elon Musk and Philippine tycoon Henry Sy Jr. will introduce their satellite broadband service in the Southeast Asian nation this quarter. Delays in the production and deployment of low earth orbit satellites pushed back the venture’s plan to start offering high speed, low latency internet in December, Sy’s Data Lake said. SpaceX’s Starlink plans to offer its service in ...

  Bloomberg Hong Kong will hand out 500,000 air tickets to bring in much-needed visitors as part of a global publicity campaign. The city’s leader John Lee announced the giveaway at the launch of the Hello Hong Kong campaign at a briefing, saying it was “probably the world’s biggest welcome ever.” Lee highlighted a number of events coming up including ...