Aviation

Bloomberg Lenders to Jet Airways India Ltd. proposed a bailout of the beleaguered carrier, potentially paving the way for a revival of the airline that was on the verge of collapse. Mumbai-based Jet Airways, which needs 85 billion rupees ($1.2 billion) to help it get back on its feet, will be revamped with banks becoming the biggest shareholders of the ...

Bloomberg IndiGo, an Indian budget carrier, is canceling dozens of flights every day over the next two months as it struggles to find enough skilled pilots following an aggressive expansion binge, according to reports. Pilots at Asia’s biggest low-cost airline by market value have exhausted their annual limit on flying hours earlier than expected, leading to the chaos, the people ...

Bloomberg Bombardier Inc. jumped the most in almost three months after the company surpassed analysts’ expectations for cash flow and reaffirmed its 2019 forecast, steadying the outlook after a disastrous earnings report three months ago. Free cash flow reached $1.04 billion in the fourth quarter, Bombardier said in a statement. That exceeded the $890 million average of estimates compiled by ...

Bloomberg Southwest Airlines Co. declared an “operational emergency” because of an unusually high number of aircraft taken out of service for maintenance, and ordered all scheduled mechanics to show up for work or risk being fired. Workers “alleging illness” will be required to provide a doctor’s note on their first day back at work, the airline said in a memo. ...

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 ...