Aviation

Bloomberg Ethiopia’s national carrier is making its first regular passenger flight to neighbouring Eritrea since a war two decades ago, underlining a surprise rapprochement between the former foes who have vowed to rebuild economic links. The Ethiopian Airlines Group flight left the capital, Addis Ababa, on July 18, heading for Eritrea’s main city, Asmara. It’s the first flight in what ...

Bloomberg Boeing Co. sealed a deal to sell 777 freighters with a sticker price of almost $10 billion to Russia’s Volga-Dnepr Group, the world’s largest carrier of outsize cargo. Volga-Dnepr signed a letter of intent to buy 29 of the 777s and confirmed a $2 billion order for five 747-8 freighters, Boeing said in a statement. The 777F is priced ...

Bloomberg The sandy shores of the Philippines will soon be within easier reach of Chinese tourists looking for a summer vacation spot. Philippine Airlines Inc. plans to begin flights this year to secondary cities in China, which may include Nanning, Haikou, Hangzhou and Chengdu, where tourists rent planes to go to the island resorts of Boracay, Palawan and Cebu, President ...

Bloomberg Boeing Co. sees a $15 trillion market for airplanes and supporting services over the next two decades, driven largely by budget carriers and the narrow-body jets they favor to haul travellers. The bullish annual forecast by the Chicago-based planemaker comes amid nine years of unprecedented growth for aerospace. Air travel is booming as global trade and economic growth in ...

Bloomberg Boeing Co. and Embraer SA won orders valued at $2.3 billion from United Airlines in a boost to an alliance the two planemakers announced earlier this month. United Continental Holdings Inc. will buy 25 Embraer E-175 planes and four Boeing 787-9 Dreamliners, it said in a statement. At list prices, the Embraer jets are worth about $1.2 billion in ...

Bloomberg UK Defence Secretary Gavin Williamson unveiled a full-sized model of a new fighter plane at the Farnborough air show in a bid to show that the nation plans to remain a leading military power after Brexit. Williamson announced $2.6 billion of government funding for a concept aircraft through 2025, when a final decision would be taken on the programme’s ...

Bloomberg Airbus SE kicked off its sales campaign at this year’s biggest air show by announcing $9.2 billion of orders from Asian carriers that are augmenting their fleets to meet surging demand for air travel in the region. Taiwanese startup StarLux Airlines said it is buying 12 A350-1000 aircraft and five of the smaller A350-900s in a deal valued at ...

Bloomberg Boeing Co. CEO Dennis Muilenburg said he’s concerned about the possible fallout from the US-Chinese trade dispute that’s gathering momentum because his industry relies on the free flow of goods. Speaking at the Farnborough air show south of London, Muilenburg said finding a solution to the dispute is “an important topic to us.” Aerospace is the biggest trade-surplus generator ...

Bloomberg Airbus SE is closing in on a blockbuster agreement to sell $23 billion worth of aircraft, based on list prices, to AirAsia Group Bhd., according to people familiar with the matter. The Malaysian airline, already the second-biggest customer for Airbus’s re-engined A320 narrowbody, is weighing an order for as many as 100 A321neo aircraft, according to people familiar with ...

Bloomberg JetBlue Airways Corp. got a great deal on its latest aircraft purchase from Airbus SE, according to Moody’s Investors Service. The carrier will probably pay $1.4 billion to $1.7 billion for 60 Airbus A220-300 jets, or between $23 million and $28 million per plane, Moody’s analyst Jonathan Root said in a report, citing estimates by appraisers and price breaks ...