Aviation

Bloomberg Jet Airways India Ltd is working with lenders to revamp its debt as the struggling carrier tries to shore up its financials after recording losses in nine of the past eleven years in a market known for ultra-low fares. The carrier is working on “various options on the debt-equity mix, proportion of equity infusion,” the Mumbai-based company said in ...

Bloomberg A one-two punch of bad weather and longer airport security lines mean it’ll be a miserable weekend for many travellers in the US. Winter storm Harper, a blizzard that the National Weather Service expects to travel from the Midwest through New England and the Northeast, may leave up to 18 inches of snow. In addition, severe thunderstorms with damaging ...

Bloomberg Ryanair Holdings Plc shares dropped to a four-year low after the airline cut its full-year profit guidance, citing an industrywide slump in ticket prices and over-capacity across Europe this winter. The region’s biggest discount airline now expects an after-tax profit in the range of $1.1 billion to 1.1 billion euros, excluding its new Lauda unit, for the year through ...

Bloomberg Indonesian investigators will start analysing next week more than two hours of conversation held in the cockpit voice recorder of a jet that crashed into the Java Sea in October as they seek to unravel the cause of the nation’s worst aviation disaster in two decades. The National Transportation Safety Committee expects to finish transcribing 124 minutes of recording ...

Bloomberg Avianca Brasil is in talks with Elliott Management Corp for a possible cash injection, according to people with knowledge of the matter. The airline, also known as Oceanair, is in early talks with the New York hedge fund led by billionaire Paul Singer to get fresh cash as it struggles to keep operations going after filing for bankruptcy protection ...

Bloomberg Singapore has identified Lockheed Martin Corp’s F-35 Joint Strike Fighter as the most suitable replacement for its fleet of F-16 fighter jets and plans to buy a small number for evaluation, the Ministry of Defense said in a statement. The Air Force’s F-16s that were in service since 1998 will retire soon after 2030, Defense Minister Ng Eng Hen ...

Bloomberg Bangkok Airways Pcl Chief Executive Officer Prasert Prasarttong-Osoth has been banned from holding director and executive positions in listed companies in Thailand for manipulating the share price of the airline. Civil sanctions have been imposed on Prasert and his daughter, Poramaporn Prasarttong-Osoth, the chief operating officer at Bangkok Dusit Medical Services Pcl, as well as Narumon Chainaknan, the executive ...

Bloomberg Delta Air Lines Inc. said its ability to raise ticket prices is weakening and warned that the US government shutdown is eroding sales. Less travel by federal employees and contractors is costing Delta about $25 million a month even as corporate and leisure travel remain strong, Chief Executive Officer Ed Bastian said. Revenue from each seat flown a mile, ...

Bloomberg Vietnam is on course to have its sixth domestic airline after tour operator Vietravel said it plans to start a carrier as potential rival Bamboo Airways began its first flights in one of the world’s fastest-growing aviation markets. Vietravel Airlines would be based in the central province of Thua Thien Hue and compete in a market already served by ...

Bloomberg Zuji, an Asian online travel booking site, is no longer operational after failing to renew licenses in Hong Kong and Singapore and an air ticketing system terminated its services. Zuji’s business permits expired on January 9 and the firm hasn’t applied for fresh ones, Hong Kong’s Travel Agents Registry said in an email, while Singapore Tourism Board said that ...