Aviation

Bloomberg Boeing Co. executives are closing in on one of their most important decisions of the decade: whether to plow an estimated $15 billion into a new jetliner family. The aircraft nicknamed the 797 would feature Boeing’s first all-new design since the 787 Dreamliner’s unveiling in 2004, while shoring up its product line against recent Airbus SE advances. The European ...

Bloomberg Norwegian Air Shuttle ASA gained the backing of Norway’s richest man, providing some stability to the struggling discount carrier as it searches for a new suitor following IAG SA’s decision to abandon its eight-month pursuit. The shares fell the most on record after Norwegian said it had raised 3 billion kroner ($353 million) in a rights issue underwritten by ...

Bloomberg Debt-laden Jet Airways India Ltd. may be poised to get some help in its bid to stay afloat. India’s largest lender State Bank of India is set to swap part of its loans into a stake of at least 15 percent in Jet Airways as lenders to the carrier plan similar conversions of some debt into equity to help ...

Bloomberg Jet Airways India Ltd is seeking the approval of shareholders to convert loans into equity as the ailing carrier saddled with $1.1 billion of debt negotiates a rescue deal with its lenders and partner. India’s biggest full-service carrier has called an extraordinary general meeting on February 21 in Mumbai, during which it will also seek consent for lenders to ...

Bloomberg US airlines rallied as American Airlines Group Inc and Southwest Airlines Co predicted strong revenue gains after surpassing Wall Street’s profit estimates late last year. American vowed to outperform rivals in charging higher fares this year as it adds flights at hubs where it dominates traffic, such as Charlotte, North Carolina, and Dallas-Fort Worth. Southwest said it was benefiting ...

Bloomberg Airbus SE said it might be forced to move future investments out of the UK in the event of a no-deal divorce from the European Union, slamming the “madness” of Brexit supporters who assume the planemaker won’t abandon Britain. “If there is a no-deal Brexit, we at Airbus will have to make potentially very harmful decisions for the UK,” ...

Bloomberg British Airways parent IAG SA abandoned an eight-month pursuit of Norwegian Air Shuttle ASA, leaving the indebted discount airline reeling as it faces a cash crunch during the slow winter season. IAG “does not intend” to make a further bid and will be selling a 3.9 percent stake in due course, it said. Norwegian slumped as much as 26 ...

Bloomberg London’s Heathrow airport will test an array of ultra high-definition cameras to help determine more accurately when its runways are clear of planes and cut the gap between flights by as much as 20 seconds. If successful, the system will initially be deployed when Heathrow’s 285-foot control tower is shrouded in cloud — a situation that currently compels the ...

Bloomberg There certainly have been worse days at LaGuardia, O’Hare and Miami airports. But on January 25 some of these busy routes came to a brief but abrupt halt — and that may have been among the final pushes that led President Donald Trump, already under pressure, to reopen the government. The White House for weeks had tried to minimise ...

Bloomberg Billionaire Lucio Tan, who controls Philippine Airlines Inc., denied reports about a forthcoming stake sale days after ANA Holdings Inc. confirmed it’s in talks with the carrier’s listed parent PAL Holdings Inc. There’s “no plan” to sell, Tan, 84, said in an interview on the sidelines of a central bank event in Manila. News that a stake sale is ...