Aviation

  Bloomberg Bain Capital has picked the top arrangers for Virgin Australia Airlines Pty Ltd’s initial public offering, which could be one of the country’s biggest listings this year, according to a person familiar with the matter. Goldman Sachs Group Inc, UBS Group AG and Barrenjoey Capital Partners Pty Ltd have been selected as lead managers for the share sale, ...

Bloomberg Deutsche Lufthansa AG returned to normal flight operations after widespread software problems linked to damaged Deutsche Telekom AG broadband cables grounded hundreds of planes. The situation at Lufthansa’s main base in Frankfurt was normalising, a spokesman said. Lufthansa expected the IT issues that affected systems including check-in operations to be fully resolved. Still, more travel disruption is around the ...

  Bloomberg Flybe Group Plc the distressed British carrier, is to be wound down after attempts to sell the struggling business failed. The regional airline had already ceased operations and cancelled all of its flights in January after collapsing into administration, a form of insolvency proceedings. It was the second failure for Flybe which previously halted operations in 2020 when ...

  Bloomberg Air India Ltd announced a 470-plane order with Airbus SE and Boeing Co in what stands to be the largest purchase in commercial aviation history, underscoring the industry’s recovery from the coronavirus pandemic and the airline’s ambition to become a global force after years of contraction. The carrier will purchase 250 Airbus jets including 210 A320neo family aircraft ...

Bloomberg Deutsche Lufthansa AG grounded all of its flights on Wednesday after damage to a set of Deutsche Telekom AG broadband cables caused widespread IT problems. Some flight operations have resumed, though all flights in Frankfurt, its main base, remain grounded, a spokesman said. Lufthansa expects the problem to be resolved by early evening. Lufthansa’s global flight operations centre is ...

  Bloomberg US authorities have opened an investigation into a United Airlines Holdings Inc flight that dropped toward the Pacific Ocean shortly after taking off from Hawaii in December. The National Transportation Safety Board said in a tweet that it will formally review the incident, which didn’t result in any injuries. It expects to have a preliminary report ready in ...

  Bloomberg Boeing Co is intensifying investment in India to support airlines and streamline logistics, as the US planemaker gears up for a giant plane order from Air India Ltd widely expected to be announced soon. The US manufacturer will invest 2 billion rupees ($24 million) in a logistics park and separately set up a support centre for airlines near ...

  Bloomberg TUI AG said recent bookings for the upcoming summer are running ahead of pre-pandemic levels, the latest sign the travel sector is booming despite high inflation sapping consumer spending power. The world’s biggest tour operator said booking volumes since the start of the year exceeded 2019 levels, led by demand from travellers in the UK and Germany. Prices ...

Bloomberg Airlines have long charged customers more for on-board food, extra baggage and superior legroom. Deutsche Lufthansa AG now wants customers to pay for reducing the environmental impact of flying. Europe’s biggest airline will offer an option of so-called Green Fares to travellers from Wednesday, adding a surcharge to purchase sustainable aviation fuels and carbon offsets. The move marks the ...

Bloomberg Thailand will impose an entry fee on foreign holidaymakers from June as the tourism-reliant nation presses ahead with the long-delayed levy following a better-than-expected recovery in tourist arrivals. Travellers flying into Thailand will need to pay 300 baht ($8.9) for each trip and those entering the Southeast Asian nation through its land borders and sea ports will be levied ...