Aviation

Bloomberg Jet Airways India Ltd.’s lenders are reluctant to extend additional loans to the cash-strapped airline ahead of a key report by the company’s financial auditor, according to people with direct knowledge of the matter. India’s biggest full-service carrier, part-owned by Etihad Airways PJSC, had approached banks for emergency funding but the lenders prefer that the company raises money from ...

Sharjah / Emirates Business Air Arabia (PJSC) announced strong financial results for the first half ending on June 30, 2018 as the Middle East and North Africa’s first and largest low-cost carrier continued to deliver solid and sustained financial performance. Air Arabia reported a net profit of AED 230 million for the first half ending on June 30, 2018; a ...

Bloomberg Virgin Atlantic has joined British Airways in criticising long waiting times at passport control at Heathrow Airport, releasing figures showing that the Border Force hit its target for processing passengers from outside the European Economic Area on just one day in July. Virgin says passengers are “frustrated” as waits of more than two hours are becoming the norm. The ...

Bloomberg Aeroflot PJSC, Russia’s largest air carrier, plunged to an almost two-year low after the US threatened sanctions that could include flight restrictions. The State Department announced new sanctions against Russia to punish President Vladimir Putin’s government for allegedly using a chemical weapon against former double agent Sergei Skripal in the UK earlier this year. A second round of sanctions ...

Bloomberg Step inside the cockpit of an empty commercial aircraft and the pilot controls are yours. You don’t need a key or any special passcode to power up the plane and fly it away, whether it’s a small regional jet or a giant twin-deck Airbus A380. The suicide-by-plane at Seattle’s Sea-Tac International Airport, which ended when a rogue airline employee ...

Bloomberg Floating almost motionless at an altitude of 70,000 feet, Airbus SE’s Zephyr spy drone has extended the record for the longest flight within the Earth’s atmosphere to 25 days, two-thirds more than the previous best. The first production version of the solar-powered pseudo-satellite spent more than three weeks in the stratosphere on its maiden trip after taking off from ...

Bloomberg Jet Airways India Ltd. was once at the forefront of India’s rapidly growing market for air travel, but a challenge from budget carriers and surging fuel prices are backing the airline into a corner. Shares of the carrier, part-owned by Etihad Airways PJSC, plunged 8.5 percent in Mumbai after the company postponed announcing its first-quarter earnings. That’s less than ...

Bloomberg Ryanair Holdings Plc’s worsening spat with pilots and cabin crew has created confusion among panicked customers as they race to salvage travel plans disrupted by strikes. Travellers holding tickets from affected airports told of an online race to find alternative journeys with the Irish airline or switch to rival carriers, only to see prices spiralling higher as hundreds of ...

Bloomberg The Chinese Communist Party is probing the chairman of the Shanghai Airport Authority for alleged corruption as President Xi Jinping continues his more than five-year-old crackdown on graft. Wu Jianrong, 56, has come under under suspicion of violating party rules and state laws, according to a statement posted on the website of the party’s disciplinary watchdog in Shanghai that ...

Bloomberg Uganda’s fledgling national airline will be a candidate for an initial public offering and closer cooperation with other carriers if the launch goes as planned. Uganda Airlines, which last month signed deals for Airbus SE wide-body jets and Bombardier Inc. regional planes, is due to begin operating 19 routes in January, Transport Minister Monica Azuba Ntege said in an ...