Aviation

Bloomberg A winter storm moving across the Central Plains towards the Great Lakes disrupted air travel in Chicago and other cities on the busiest travel day of the year. The storm has blizzard-like conditions and is bringing gusty winds and 6 to 10 inches of snow that will stretch from Kansas City to Chicago, said Bob Oravec, a lead forecaster ...

Bloomberg The Lion Air pilots whose plane nosedived into the Java Sea in October, killing all those aboard, were battling multiple malfunctions almost as soon as the doomed flight began, according to a trove of new data released by Indonesian investigators. They faced a cacophony of warnings that started seconds after takeoff and continued for the remaining 11 minutes before ...

Bloomberg China is discussing a plan to cut tariffs on plane parts imported for domestically developed commercial aircraft, a person familiar with the matter said, a move that may also benefit suppliers such as General Electric Co. and Honeywell International Inc. The Finance Ministry proposal, being reviewed by the State Council, could win approvals in a few weeks, the person ...

Bloomberg Canada’s newest player in the aircraft leasing business is ready to flex its muscles. Almada Inc., a Toronto-based private equity firm, is looking to buy as many as 10 additional aircraft for its new leasing fund after acquiring its first five planes. Having raised $80 million ($61 million) from wealthy individuals earlier this month, it has commitments for another ...

Bloomberg Airbus SE is hiring staff to help develop a proposed new narrow-body jet and a revamped version of its latest A350 wide-body, both due to be powered by a new generation of engine from the middle of next decade. The company is recruiting designers and engineers in Toulouse and Madrid to work on the short-haul model, as well as ...

Bloomberg Boeing Co. was slapped with two more lawsuits this week by relatives of the victims of a Lion Air jet that plunged into the Java Sea with 189 people on board almost a month ago. One of the lawsuits filed by Kabateck LLP on behalf of Dayinta Dyah Anggana, whose 54-year-old mother, Nurul Dyah Ayu Sitharesmi, was among the ...

Bloomberg Boeing Co. reckons Brexit will slow growth in both the UK and European Union economies, though not enough to upset demand for its planes, according to marketing vice president Randy Tinseth. “We expect from a UK perspective and an EU perspective, there will be an economic impact, you can’t get away from that, the UK economy more in terms ...

Bloomberg Airlines in India are asking the government to help them obtain unsecured credit from oil companies and airports, as fuel-price increases push them deeper into losses and imperil their survival. Competition and aggressive pricing are stopping fares from rising to reflect higher input costs, the Federation of Indian Airlines said in a letter sent to the aviation ministry’s top ...

Bloomberg Airbus SE named Infineon Technologies AG’s Dominik Asam to replace Chief Financial Officer Harald Wilhelm when he steps down in April, as the European planemaker moves closer to cementing its executive lineup following a major reshuffle. The company also named Michael Schollhorn to become chief operating officer of the commercial aircraft unit, another key role now held by retiring ...

Bloomberg A federal regulator slammed the Port Authority of New York and New Jersey, saying it doesn’t have a reasonable or transparent method for justifying the fees it charges airlines to use Newark Liberty International Airport, one of three major airports serving the New York metropolitan area. The Federal Aviation Administration said that the Port Authority has routinely diverted airport ...