Aviation

Bloomberg Jet Airways India Ltd. has approached banks for a moratorium on loans and asked for fresh funds to ease a cash cru-nch, according to people with direct knowledge of the matter, adding to signs the carrier is sliding deeper into trouble. The airline has already gro-unded about a dozen planes as part of a review of its network aimed ...

Bloomberg Deutsche Lufthansa AG is exploring options including a sale for LSG Sky Chefs, the catering arm that serves planes, trains and the International Space Station, according to people with knowledge of the matter. The German airline is working with advisers to review the business, according to the people, who asked not to be identified because the information is private. ...

Bloomberg Kenya Airways Plc employees threatened to go on strike unless a pay deal is agreed by October 28 — the day the carrier is set to begin direct flights to the US. The Kenya Aviation Workers Union said its officials and airline management held a meeting on October 16 to discuss a counter proposal by the carrier that offered ...

Bloomberg Boeing Co is creating a new unit to focus on technology that’s seemingly straight out of science fiction, including super-fast computing that mimics the synapses of the human brain and hack-proof communications links based on applied quantum physics. So-called neuromorphic processing and quantum communications, two of the futuristic technologies Boeing wants to explore, may seem an odd fit for ...

Bloomberg Airbus SE is preparing for another round of management shakeup, according to people familiar with the matter, after overhauling most of its senior executive lineup. The European planemaker is considering changes in key sales positions that report to new commercial chief Christian Scherer — including several occupied by veterans who worked under longtime sales chief John Leahy, said the ...

Bloomberg Ryanair Holdings Plc is putting plans for future share buybacks on hold due to uncertainty surrounding the UK’s proposed exit from the European Union. Europe’s biggest discount carrier completed a 750 million-euro ($863 million) program this month, but doubts over how a so-called Brexit will play out have forced to hold back on further announcements. “It makes very little ...

Bloomberg Korean Air Lines Co. is considering a “large order” for widebody aircraft as part of a fleet expansion and to replace aging jets with fuel-efficient ones amid rising oil prices. The Seoul-based airline is evaluating twin-aisle airplanes from Airbus SE and Boeing Co., including the A350 and the 777X, President Walter Cho said in a media briefing at an ...

Bloomberg Boeing Co. won’t deliver its first KC-46 aerial refueling tanker by month’s end as it had agreed, according to US Air Force Secretary Heather Wilson, the latest in a procession of missed deadlines since the company won the contract in 2011. Air Force officials are meeting with planemaker “to try to lay down path forward for delivery and to ...

Bloomberg Boeing Co. received an endorsement from an unlikely source: John Leahy, Airbus SE’s retired sales supremo who rang up over $1 trillion in aircraft deals over a long career, largely at the expense of the US aerospace giant. Leahy is famous for ribbing his long-time rival. But after being put on the spot by a fellow aviation luminary at ...

Bloomberg Air France-KLM Chief Executive Officer Ben Smith marked an early victory just weeks after taking the top job by reaching a pay deal with French unions that had eluded his predecessor. The accord at the Air France arm includes a wage increase of 2 percent retroactive January 1 and another 2 percent to take effect in 2019, according to ...