Aviation

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 ...

Dubai / Emirates Business Thyssenkrupp, in partnership with its local distributor ARG Africa Ltd, is bringing its superior airport mobility expertise to Kotoka International Airport’s brand-new Terminal 3, including seven passenger boarding bridges, three escalators, 16 elevators, and over 40 auxiliary equipment units. The company has previously supplied solutions at airports across Africa, including Algeria, Cameroon, South Africa, Kenya and ...

Bloomberg Advisers to Mexico’s next president are starting to share a few details on this month’s public consultation on whether to proceed with the construction of a $13 billion airport for the nation’s capital. The unorthodox process will be carried out in two ways: a national face-to-face survey and a vote, Jesus Ramirez, spokesman for incoming president Andres Manuel Lopez ...

Bloomberg Pentagon weapons buyer Ellen Lord has approved plans to begin full combat testing of Lockheed Martin Corp.’s F-35, a major step toward full production of the fighter jet planned for next year. Lord, the under secretary for acquisition, “certified readiness to enter operational testing after concurring” with the F-35 program manager’s recommendation to start in mid-November, her spokesman, Air ...