Aviation

Bloomberg Indonesian airlines reduced air fares for some local routes by as much as 60 percent starting last week in response to a backlash over a surge in ticket prices during the peak holiday season. PT Garuda Indonesia, Lion Air and PT AirAsia Indonesia are among the carriers which already cut prices from January 11, the Indonesian National Air Carrier ...

Bloomberg A no-deal Brexit risks grounding half of Spain’s domestic passengers and a quarter of the total if British Airways parent IAG SA can’t show that its Iberia and Vueling arms are owned by European Union investors. One of the licensing conditions for operations by EU carriers is that they be controlled by nationals of member states, or the states ...

Bloomberg Air Baltic Corp, the biggest customer for Airbus SE’s A220 jet, plans to use its latest order for the aircraft to establish a new airline elsewhere in Europe and could seek private-equity funding for the project. The Latvian company aims to deploy 30 A220s at the new carrier and replicate the model that brought it success at home, where ...

Bloomberg The airline world has a new No. 2 after United Continental Holdings Inc’s aggressive domestic expansion pushed the carrier ahead of Delta Air Lines Inc in terms of passenger traffic. Early last year, United embarked on an effort to regain market share at its three mid-continent hubs in Chicago, Houston and Denver. Under a three-year push, United is targeting ...

Bloomberg Heathrow airport resumed flights after being partially shut for more than an hour as drone sightings near its runways raised safety concerns, marking the second time in a month that a London hub has had to suspend flights because of dangers from the modern-day gadgets. Departures were halted after the sightings in the vicinity of Europe’s busiest airport after ...

Bloomberg Air France-KLM Group’s annual traffic figures show that the company’s Dutch arm again grew faster than its French sister carrier, where flights were disrupted by strikes as pilots pushed for higher pay. KLM boosted revenue passenger kilometres — the number of customers times the distance flown — by 4 percent in 2018, compared with a gain of just 1.9 ...

Bloomberg General Electric Co jumped as a potential megadeal signalled to investors that the ailing manufacturer has another tool to climb out of its deep hole. Apollo Global Management LLC is working to line up financing to buy GE’s jet-leasing unit, which could be valued at as much as $40 billion, Bloomberg reported after the close of trading on January ...

Bloomberg London’s Heathrow airport aims to boost capacity even before a new runway opens, employing measures including a rejigging of the way two existing landing strips are used to add 25,000 aircraft movements a year at Europe’s busiest hub. The project, revealed on Tuesday as part of a consultation process on the 16 billion-pound ($20 billion) third runway, may stir ...

Bloomberg With screeners already calling in sick in larger-than-normal numbers, US airports are girding for disruptions next week if the partial government shutdown continues and Transportation Security Administration (TSA) officers miss their first paycheck. The airport security officers are caught in the political fight in Washington between President Donald Trump and congressional Democrats over money for a wall along the ...

Bloomberg Debt-laden Jet Airways India Ltd. is trying to renegotiate contracts with its vendors as lenders demand a revival plan by month-end from India’s second-largest airline by passengers, according to people with knowledge of the discussions. The Naresh Goyal-led airline is in talks to defer or reduce payments to vendors including aircraft lessors and those providing engineering, spare parts, credit ...