Aviation

Bloomberg Jet Airways India Ltd. saw both current- and non-current liabilities surge in the second quarter, after intense competition and low fares led to its third consecutive quarterly loss. Current liabilities rose to 160 billion rupees ($2.2 billion) as of September 30, compared with 142 billion rupees as of March 31, while non-current liabilities jumped 30 percent during the same ...

Bloomberg South African Airways could sell shares to public as the state-owned carrier seeks ways to end years of losses and reduce the need for bailouts, according to people familiar with the matter. The move would enable the government to cut its stake in much the same way as it did with former phone monopoly Telkom SA SOC Ltd. almost ...

Bloomberg Police have cleared a suspicious package found at Fort Lauderdale–Hollywood International Airport in Florida, the Broward county Sheriff’s Office said. A bomb squad was earlier investigating the report of a suspicious package at terminal four of the airport, police said. Roads leading into the airport had been closed due to the police activity, the airport said. The airport is ...

Bloomberg Indonesia’s national rescue agency ended a search for victims of the Lion Air plane that crashed into the Java Sea about two weeks ago, while those trying to locate the cockpit voice recorder face a new challenge as an electronic signal from the device fades. The task of finding victims or their remains has been left to local teams, ...

Bloomberg The Horizon Air worker who stole an airplane from Seattle’s airport and took it for a ride crashed intentionally to commit suicide, the FBI said in a report that concluded he had no apparent ties to terrorism. Ground service agent Richard Russell, 28, acted alone and no charges are planned in the August incident, the agency said. Investigators found ...

Bloomberg Airbus SE’s latest monthly order tally signalled a big change for India’s IndiGo. The planemaker’s biggest customer for the A320neo is upgrading 125 of its existing orders for the narrowbody’s bigger sister model. IndiGo, one of the few Indian carriers with enough cash to aggressively expand, has been mapping out a way to build a long-haul, low-cost business taking ...

Bloomberg Venezuelan airline Aerolineas Estelar Latinoamerica CA will begin to offer a direct flight from Caracas to New York more than two years after the route disappeared from its itineraries. Isolated Venezuelans have few options when flying. Carriers such as Delta Air Lines Inc., Latam Airlines SA and Avianca Holdings SA have scrapped flights to Caracas for security reasons as ...

Bloomberg A little-known company on Canada’s west coast will become king of the turboprops and owner of some of the most storied brands in the country’s aviation history after striking a deal with Bombardier Inc. Closely held Longview Aviation Capital Corp. is poised to become North America’s largest maker of turboprop aircraft with its $300 million purchase of Bombardier’s Dash ...

Bloomberg Days after Lion Air lost a plane in Indonesia’s worst air disaster in two decades, the carrier has found itself in the midst of another incident. A Boeing 737-900ER operated by PT Lion Mentari Airlines clipped a pole while taxiing at Bengkulu airport in southern Sumatra, shearing the tip of its left wing, the carrier said in a statement. ...

Bloomberg Kenya Airways Plc. has ceased issuing tickets for flights to Burundi after the state demanded the airline’s wholly owned budget carrier fly bigger jets. While Jambojet Ltd. received authorisation to operate between the Kenyan capital, Nairobi, and Bujumbura, Burundi’s main city, the Ministry of Transport, Public Works, Equipment and Land Use Planning failed to give requisite approvals because of ...