Aviation

Bloomberg Bombardier Inc. is building momentum to expand orders for its CRJ regional jets this year after securing a deal with Delta Air Lines, its second in two months. Delta agreed to purchase 20 of Bombardier’s CRJ900 aircraft valued at about $961 million based on list prices. The deal followed an agreement with American Airlines Group Inc. in May for ...

Bloomberg Boeing Co. landed a deal for 24 cargo aircraft from FedEx Corp. worth $6.6 billion as the revival in the air freight market continues to grow. The package-hauler plans to add 12 of Boeing’s medium-size 767 freighters and 12 of the larger 777 cargo aircraft to its order book, the Chicago-based planemaker said in a statement. FedEx is already ...

Bloomberg India has decided not to immediately revive a plan to sell its money-losing flag carrier Air India after a failed attempt to find a buyer for the state asset, people familiar with the matter said. Prime Minister Narendra Modi’s administration has virtually abandoned the planned sale of Air India Ltd. after it failed to attract any bidder in a ...

Bloomberg American Airlines Group Inc. will cull its management ranks as it sets a course to complete five years of work merging with US Airways. “While not all integration work is complete, much of it is and as a result, now is the right time to look at the organisational structure we need for the future,” American Chief Executive Doug ...

Bloomberg If anyone’s looking for further evidence of a strong economy, here’s a sign: Wealthy individuals and companies are starting to snap up used private jets before they get too expensive. Take Steven Myers. A private equity financier and a licensed pilot, Meyers had been patiently looking to buy a jet for years. But when he began noticing a drop ...

Bloomberg Airbus SE is studying options to extend the range of its A321 narrowbody plane ahead of a decision by Boeing Co. on whether to push ahead with a competing model, according to a person familiar with the matter. The A321, which already has a long-range variant that can fly 4,000 nautical miles, could get additional fuel tanks that would ...

Bloomberg After an attempt to play hard ball with defiant staff failed to end a bitter labour conflict, Air France is now trying a softer approach. The embattled carrier’s latest offer to workers: more rooms for rest breaks. At meetings with union representatives, who have called for a fresh round of strikes, management pledged to spend more to improve working ...

Bloomberg American Airlines Group Inc. affiliate PSA Airlines expects more flight cancellations on Tuesday after scrubbing about 400 flights over the weekend as the regional carrier moves into its sixth day of problems with its crew-scheduling system. The technology issue arose on June 14 and has affected nearly 1,100 PSA flights to date, mainly in Charlotte, North Carolina, American spokeswoman ...

Bloomberg Norwegian Air Shuttle ASA surged as much as 12 percent after Deutsche Lufthansa AG Chief Executive Officer Carsten Spohr said his company was in takeover discussions with the Scandinavian discount specialist, raising the possibility of a bidding war. Lufthansa has been in contact with Norwegian and whether an agreement is reached will depend on the price on offer and ...

Bloomberg David Neeleman, who started JetBlue Airways Corp. with $100 million in 2000, is raising money to launch a new low-cost carrier focussed on secondary airports in the US, according to Airline Weekly. The airline, to be called Moxy Airways, has secured orders for 60 Bombardier CS300 aircraft, the trade journal reported, citing people familiar with the matter. The first ...