Aviation

Bloomberg Air France-KLM said it has “turned the page” on the coronavirus pandemic that prompted an unprecedented industry slump and forced a government bailout, predicting that it will exit state aid this year and return to full passenger capacity by the end of 2023. The airline group reported net income of €504 million ($528 million) in the fourth quarter, compared ...

  Bloomberg A power outage at New York’s John F Kennedy International Airport is delaying flights. The outage at Terminal 1 was caused by an electrical panel failure, which sparked a small fire last night that was quickly extinguished, the Port Authority of New York and New Jersey said in an emailed statement. It’s impacting both inbound and outbound flights. ...

Bloomberg Airbus SE projected higher deliveries for this year and will accelerate output of its largest models as long-haul travel rebounds, while scaling back production of its bestselling A320 family with supply-chain disruptions continuing to ripple through the industry. For 2023, the planemaker plans to hand over 720 aircraft, in line with its original 2022 projection, which ended up coming ...

  Bloomberg Bain Capital has picked the top arrangers for Virgin Australia Airlines Pty Ltd’s initial public offering, which could be one of the country’s biggest listings this year, according to a person familiar with the matter. Goldman Sachs Group Inc, UBS Group AG and Barrenjoey Capital Partners Pty Ltd have been selected as lead managers for the share sale, ...

Bloomberg Deutsche Lufthansa AG returned to normal flight operations after widespread software problems linked to damaged Deutsche Telekom AG broadband cables grounded hundreds of planes. The situation at Lufthansa’s main base in Frankfurt was normalising, a spokesman said. Lufthansa expected the IT issues that affected systems including check-in operations to be fully resolved. Still, more travel disruption is around the ...

  Bloomberg Flybe Group Plc the distressed British carrier, is to be wound down after attempts to sell the struggling business failed. The regional airline had already ceased operations and cancelled all of its flights in January after collapsing into administration, a form of insolvency proceedings. It was the second failure for Flybe which previously halted operations in 2020 when ...

  Bloomberg Air India Ltd announced a 470-plane order with Airbus SE and Boeing Co in what stands to be the largest purchase in commercial aviation history, underscoring the industry’s recovery from the coronavirus pandemic and the airline’s ambition to become a global force after years of contraction. The carrier will purchase 250 Airbus jets including 210 A320neo family aircraft ...

Bloomberg Deutsche Lufthansa AG grounded all of its flights on Wednesday after damage to a set of Deutsche Telekom AG broadband cables caused widespread IT problems. Some flight operations have resumed, though all flights in Frankfurt, its main base, remain grounded, a spokesman said. Lufthansa expects the problem to be resolved by early evening. Lufthansa’s global flight operations centre is ...

  Bloomberg US authorities have opened an investigation into a United Airlines Holdings Inc flight that dropped toward the Pacific Ocean shortly after taking off from Hawaii in December. The National Transportation Safety Board said in a tweet that it will formally review the incident, which didn’t result in any injuries. It expects to have a preliminary report ready in ...

  Bloomberg Boeing Co is intensifying investment in India to support airlines and streamline logistics, as the US planemaker gears up for a giant plane order from Air India Ltd widely expected to be announced soon. The US manufacturer will invest 2 billion rupees ($24 million) in a logistics park and separately set up a support centre for airlines near ...