Aviation

Bloomberg FedEx Corp dropped a plan to begin cargo flights to Cuba, as an opening between the US and the communist country has foundered. The courier “will not be filing for an extension of the startup date for US–Cuba cargo air service between Miami and Varadero,” FedEx said. The company is abandoning its right to fly five weekly frequencies and …

Bloomberg Ryanair Holdings Plc posted another year of slower passenger growth as the discount carrier’s battle with unions, bad weather and industrywide air-traffic-control strikes took a toll. Passenger numbers for the 12 months through December rose 8 percent to 139.2 million tickets sold, Ryanair said. Even with the addition of Austria’s Laudamotion, the increase was smaller than 2017’s 10 percent …

Bloomberg Jet Airways India Ltd. has missed a payment to Indian lenders in the latest sign of mounting strains at the country’s second largest airline by passengers, after losses worsened a cash crunch. The setback underscores a lack of progress lining up sufficient funds for debt payments after the beleaguered carrier approached banks for a moratorium on loans and asked …

Bloomberg Cathay Pacific Airways Ltd. made a mistake selling first- and business-class tickets at a steep discount. Now, the lucky few who made the bookings will travel in style after all. The Hong Kong-based airline said on its Twitter and Facebook pages on Wednesday that it would still welcome passengers that bought the business-class tickets from Vietnam to Canada and …

DUBAI / Emirates Business Travel to and from Dubai is expected to reach another peak towards the end of this week, as Emirates anticipates yet another busy period of outbound travel after New Year’s celebrations and inbound travel for the Dubai Shopping Festival. More than 180,000 travellers will be making their way to Emirates’ dedicated Terminal 3 facilities from January …

Bloomberg Vinci SA is doubling down on budget travel with the $3.7 billion purchase of a controlling stake in Gatwick Airport. London’s second-busiest hub has more than tripled in value since it was bought by Global Infrastructure Partners for about 1.5 billion pounds ($1.9 billion) in 2009, mainly because of the surge in low-cost tourism. The skies looked very different …

Bloomberg Vinci SA agreed to acquire control of Gatwick Airport for 2.9 billion pounds ($3.7 billion) as the French construction company jumped on the chance to add a major London hub to its aviation portfolio. The purchase of the 50.01 percent stake in the world’s second-busiest single runway airport from a group of investors will be financed with pound-denominated debt, …

Bloomberg Flights from New York’s LaGuardia airport were operating normally on December 28 after some were delayed or diverted overnight because of an explosion at an electrical substation that temporarily cut off power. “We have normal flight activity,” the airport said in a tweet shortly after 9 am in New York. Travellers should still check with their carrier on the …

Bloomberg With just a few days left before 2018 is over, Airbus SE says it’s working flat out to reach a goal of delivering 800 jetliners during the year. The Boeing Co. rival is maximising efforts to meet its target, which requires it to hand over at least 127 aircraft to customers in December. Marketing chief Christian Scherer and his …

Bloomberg South African Airways, Kenya Airways Plc, Air Mauritius Ltd. and RwandAir are in talks to create an alliance, as they face mounting competition. “Air Mauritius took the initiative to join forces with three other African airlines in a bid to create an alliance that would develop air connectivity in the region,” Chief Executive Officer Somas Appavou said. “In a …