Aviation

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 ...

Bloomberg Qantas Airways Ltd’s vision for the first direct flights from Sydney to London is inching closer to reality as Boeing Co. and Airbus SE finalize proposals for longer-range jets needed to span the 10,600-mile trip. Qantas is also stepping up work on making the estimated 20-hour journey to the UK capital and cities including New York and Paris more ...

Bloomberg A shortage of pilots has caused chaos for thousands of passengers during peak travel season in the region, as cockpit crew complaining of overwork extended a strike at Taiwan’s biggest carrier to a fourth day. Since the pilots’ union of China Airlines Ltd. decided to stay away from work, the carrier has scrapped more than 60 flights, taking the ...

Bloomberg Boeing Co is joining with Aerion Corp, a startup founded by Texas billionaire Robert Bass, to help build a supersonic business jet that would cut trans-Atlantic flight times by three hours. The US aerospace giant will make a “significant investment” in Aerion to accelerate design and development, according to a statement. Boeing will replace Lockheed Martin Corp., which had ...

Bloomberg Air France-KLM is discussing whether to replace Dutch unit head Pieter Elbers over concerns he may not fully support Chief Executive Officer Ben Smith’s plans to strengthen ties between the two carriers, according to people familiar with the matter. Smith, who took the helm of the holding company in September, is keen for the heads of Air France and ...

Bloomberg Online travel agency Expedia Group Inc. says United Airlines has threatened to withhold fare data as soon as next week as part of faltering contract talks between the companies. Such a move would halt Expedia’s ability to sell United’s flights for trips after September 30, the travel seller said in a lawsuit filed in federal court in New York. ...

Bloomberg Norwegian Air Shuttle ASA is consolidating the team that runs its long-haul flights in London as the debt-laden carrier seeks to add executive talent at a unit crucial to its survival in the ultra-competitive discount market. The company is building a 16-strong contingent in the city, leaving just a few dedicated staff at its main base in Fornebu, near ...