Aviation

Bloomberg PT Pertamina, Indonesia’s state-owned energy company, reduced the price of jet fuel sold at the nation’s airports after President Joko Widodo ordered a review following complaints about high air fares blamed on soaring fuel costs. The retailer lowered the price of fuel sold at Jakarta’s Soekarno-Hatta airport by 3 percent to 7,960 rupiah per liter (56 cents) from Saturday, ...

Bloomberg Indonesia’s largest airport operator is looking to spend billions of dollars to build a new facility in Jakarta and upgrade the existing one to cater to an unprecedented travel boom and compete with neighboring countries for tourism revenue. Angkasa Pura II, the state-owned operator of 16 airports across Indonesia, will conclude a feasibility study for a greenfield airport in ...

Dubai / Emirates Business Emirates will link Phnom Penh (PNH) and Bangkok (BKK) with its new daily service set to launch on June 1,. The service from Dubai to Phnom Penh, via Bangkok, will provide passengers travelling between the capital cities of Cambodia and Thailand with more flight options. Travellers from both Southeast Asian nations will also enjoy access to ...

Bloomberg Onex Corp., Canada’s largest publicly traded private equity firm, is planning a sale of Advanced Integration Technology that could fetch more than $1.5 billion, according to people with knowledge of the matter. Onex is working with advisers on an auction for the maker of manufacturing equipment for the aerospace industry, said the people, who asked not to be identified ...

Bloomberg Long simmering tension within Air France-KLM erupted into the open after managers at Dutch arm KLM warned of possible strikes and employee unrest should Pieter Elbers be removed as head of the unit. “The possibility of an unexplainable, involuntary departure of our CEO brings a lot of tension in the workforce,” a group of managers wrote in a letter ...

Abu Dhabi / Emirates Business Etihad Airways Engineering, the largest commercial aircraft maintenance, repair and overhaul (MRO) services provider in the Middle East, signed a collaboration agreement with Argentina’s main aircraft manufacturer, Fabrica Argentina de Aviones (FAdeA), to serve MRO customers in South America. The agreement enables both companies to leverage their strengths and become significant players in the narrow ...

Bloomberg IAG SA is freezing the percentage of its shares that can be held by non-European Union citizens and funds amid a lack of clarity about potential ownership restrictions following Britain’s exit from the bloc. Non-EU shareholdings are restricted to the current level of 47.5 percent, London-based IAG said in a statement. Under EU rules, the airline could allow the ...

Bloomberg An Air New Zealand plane on its way to Shanghai was forced to return to Auckland after several hours in the air on Saturday because paperwork for the flight included a reference to Taiwan, Stuff reported, citing people familiar with the matter. The problem related to documentation from New Zealand’s Civil Aviation Authority which was included as part of ...

Bloomberg Cathay Pacific Airways Ltd. is closing its cabin crew base in Toronto as part of a business review, potentially affecting 120 workers in the Canadian city. The Hong Kong-based airline is talking with the union to explore options for the employees, including opportunities in other locations, it said on Tuesday in an emailed response to a report in the ...

Bloomberg When it comes to industry competition, executives at Delta Air Lines Inc. have never been accused of jabbing with soft elbows. That ferocity was on full display as the carrier launched its first Airbus SE A220 flights from Boston, Dallas and New York, deploying the technologically advanced aircraft in hotly contested business routes at large hubs that are critical ...