Aviation

Bloomberg Airbus SE managed to stave off a devastating blow to its struggling A330neo widebody program from chief rival Boeing Co., securing a commitment for 34 more planes from the aircraft’s biggest customer, AirAsia Group Bhd. While the $10 billion order from the Malaysian airline’s long-haul arm ranks among the larger deals announced at the Farnborough air show this week, …

Bloomberg Bombardier Inc. said Uganda Airlines signed a firm order for four new CRJ900 jets as the East African nation seeks to resuscitate its moribund carrier after two decades. The country also signed a memorandum of understanding for two A330neo, Airbus SE said in a statement on its website, without providing cost details. “Based on the list price for the …

Bloomberg Boeing Co. edged out Airbus SE to claim a sales victory at the Farnborough air show as its European rival failed to land an anticipated 100-jet order amid a flurry of late deals at the year’s biggest aviation expo. The US company ended the showafter booking new business worth $79 billion from orders and outline commitments involving 528 jetliners, …

Bloomberg EasyJet Plc is making it easier for customers to hand over their money. The UK budget carrier raised its 2018 profit guidance, in part because more passengers are paying extra for allocated seating and check-in bags. That’s been encouraged by a website overhaul that’s made it less difficult to book those options. EasyJet shares advanced as much as 5.1 …

Bloomberg JetBlue Airways Corp. is eliminating an unspecified number of jobs in the latest phase of its campaign to cut as much as $300 million from operating costs by 2020. The reductions follow a reorganisation of certain teams within the airline to streamline operations, the carrier said in a statement. JetBlue declined to say how much it will save with …

Bloomberg Airbus SE’s bet on a slow-selling Canadian jetliner is paying off. The European planemaker reached its second 60-plane deal in a week for the A220 aircraft, this time through a pact with a planned US carrier backed by airline entrepreneur David Neeleman. The agreement is valued at $5.4 billion before customary discounts, the same as last week’s order by …

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 …