Aviation

Bloomberg Korean Air Lines Co. Chairman Cho Yang-ho is set to stand trial in an embezzlement case, adding to troubles faced by a family that’s been at the center of rage-driven scandals. Indicting Cho, prosecutors said he pocketed 19.6 billion won ($17 million) in fees meant for the carrier from maintenance and duty-free operations in the five years through 2018, ...

Bloomberg United Continental Holdings Inc. boosted its 2018 profit outlook for the third time this year, overcoming higher oil prices as strong travel demand buoys a financial turnaround at the No. 3 US airline. Earnings will climb to at least $8 a share this year, United said in a statement, having previously predicted as little as $7.25. The carrier improved ...

Bloomberg Rising oil prices that have already wiped out two European airlines since September have claimed another victim: Britain’s biggest carrier on domestic routes lost more than one-third of its value on Wednesday as an escalating fuel bill coincides with weaker demand. Shares of Flybe Group Plc dropped as much as 38 percent as the Exeter, England-based company said “softening” ...

Bloomberg Timely delivery of Lockheed Martin Corp’s $29 billion CH-53K King Stallion helicopter for the US Marine Corps may be jeopardised by a potential shortage of specialised metal components two years after the bankruptcy of a key supplier. In an illustration of how even the biggest defense contractor depends on its supply chain, the Navy’s aircraft development and acquisition command ...

Bloomberg General Electric Co. has completed its initial design for the first commercial supersonic aircraft engine in decades, a major hurdle for developing private planes and, perhaps eventually, jetliners that fly faster than the speed of sound. The twin-shaft, twin-fan design will slash travel times by hours after 50 years in which the average speed of private jets has increased ...

Bloomberg Someday soon you may not have to show a driver’s license or passport at the airport security lane in the US. The Transportation Security Administration unveiled a multistep plan to make increased use of facial recognition and other biometric identification tools to improve accuracy and speed wait times. TSA, which has tested biometric systems in Los Angeles and Atlanta, ...

Dubai / Emirates Business Emirates SkyCargo, the freight division of Emirates, has completed two years of operating its Boeing 777 freighter aircraft to Oslo. The air cargo carrier operates a weekly freighter service to the Norwegian capital offering close to 100 tonnes of cargo capacity per flight, facilitating international trade between Norway and the rest of the world. In addition ...

Abu Dhabi / Emirates Business Air India Express flights, wholly subsidiary of Air India, arriving to and from the UAE capital are now arriving and departing from Terminal 1 at Abu Dhabi International Airport (AUH). Originally the airline departed from Terminal 1, and arrived to Terminal 2. The transition from Terminal 2 to Terminal 1 for the arrivals occurred on ...

Bloomberg Buying a used business jet is getting harder — and that’s a sign of a long-awaited shift in the market for luxury planes. Only a dozen or so pre-owned Falcon 7X planes are on the market now, down from about 35 a year and a half ago, says Steve Varsano, an aircraft broker in London. When a client wanted ...

Bloomberg The UK’s antitrust regulator will reassess an alliance that lets British Airways and American Airlines operate as a single business on North Atlantic routes, in a sign of the greater workload the British watchdog can expect ahead of a planned Brexit next year. The Competition and Markets Authority said it has begun an investigation into the 2008 agreement that ...