Aviation

Bloomberg Aerospace and innovation have gone hand-in-hand since the days of Orville and Wilbur Wright. Airplanes were once simple metal tubes powered by propellers. Long-haul flying meant four engines and at least three pilots on the flight deck at all times. Today, aircraft only require two pilots and are built mostly of carbon composites. Even on the longest routes—more than ...

Bloomberg American Airlines Group Inc. tumbled to the lowest in more than two years amid doubts over whether recent fare gains will be enough to cover the upward trek of oil prices. The carrier’s average cost of jet fuel rose to as much as $2.33 a gallon in the third quarter, up from an earlier forecast of $2.27 or less, ...

Bloomberg Boeing Co delivered 61 of its highly profitable 737 jetliners in September, up from 48 a month earlier, taking a step towards recovery from supply shortages that disrupted production at a Seattle-area factory. The increase shows progress in Boeing’s effort to smooth manufacturing problems. The planemaker brought in 600 mechanics to help tackle out-of-sequence work that left dozens of ...

Bloomberg TUI AG, the world’s biggest holiday company, plans to renew its jetliner fleet as rising oil prices begin to push weaker rivals to the wall. TUI is likely to turn options for close to 50 Boeing Co. 737 Max aircraft into firm purchases, giving it a total of 120 orders for the upgraded model, and is switching to more ...

Dubai / Emirates Business­­­­­ Airbus will conclude its “Critical App Challenge for the Middle East” during the GITEX exhibition 2018 in Dubai from October 14 to 18 and honour the best developers for public safety apps in the region. Since August start-up companies from the region have registered for the Airbus competition to create inventive digital solutions to facilitate public ...

Bloomberg Airbus SE has selected its next chief executive officer. Cue in Guillaume Faury, former head of the aircraft manufacturer’s helicopter division and of research at carmaker Peugeot SA — and now a clean-up guy with a lot on his plate. Here are five critical do-list items that the new CEO will need to address when he takes over from ...

Bloomberg The board of Angolan airline Empresa Linhas Aereas De Angola E.P. is preparing to sell part of the state-owned airline, Chief Executive Officer Rui Carreira said. The airline, also known as TAAG, will begin a “gradual” process of creating “adequate and attractive conditions, adding value” for private investors, Carreira said in an audio clip emailed by the company. The ...

Zürich / Emirates Business­­­­­ dnata, one of the world’s largest air services providers, has been awarded the Good Distribution Practice (GDP) certification for the pharmaceutical handling services at the company’s state-of-the-art facility in Zürich. GDP is a program focussed on systems for warehouses and distribution centers that store and distribute products that are medicinal or carry active pharmaceutical ingredients. Setting ...

Bloomberg Some Nigerian airlines are facing the risk of collapse under the weight of huge debts, according to the country’s Asset Management Corporation of Nigeria, set up to rescue banks from bad loans. “The industry remains in the throes of airlines burdened with debts, under administration or on the borderline of collapse,” Amcon chief executive Ahmed Kuru said at a ...

Bloomberg Long-haul flights half way across the globe are making a comeback even with oil prices close to their highest in four years. About six months after Qantas Airways Ltd. started a direct service from Perth to London, Singapore Airlines Ltd. is bringing back its 10,400-mile jump to New York on October 11. Advances in technology and the advent of ...