Aviation

Bloomberg Chinese airlines ordered more than $100 billion of planes from Airbus SE and Boeing Co. in the past decade. Paying those bills is getting harder with the prospect of a trade war pushing the local currency to its lowest level in six months. A weaker yuan means Air China Ltd., China Southern Airlines Co. and China Eastern Airlines Corp. ...

Bloomberg Air Tanzania Co. Ltd. will fly to Mumbai three times a week starting in September, it’s first flight outside the continent, after taking delivery of a Boeing 787-800 Dreamliner next month, the Dar es Salaam-based Daily News newspaper reported, citing Commercial and Business Development Director Patrick Ndekana. Tanzania is revamping its erstwhile struggling national carrier after investing in new ...

Bloomberg With a month to go before the world’s major airlines must comply with Beijing’s order to recognise Taiwan as part of China, US carriers risk flying fewer mainland passengers by staying defiant. While Japan Airlines Co., ANA Holdings Inc. and Australia’s Qantas Airways Ltd. have changed how they described Taiwan on their websites, Delta Air Lines Inc. and American ...

Bloomberg Boeing Co. isn’t waiting for next month’s Farnborough International Airshow to unveil blockbuster aircraft deals — or start booking cash. The Chicago-based planemaker is poised to bolster its backlog with orders valued at $14.4 billion thanks to two transactions announced. That’s a break from an industry practice of stockpiling sales for the biggest annual trade expo that alternates between ...

Bloomberg Jet Airways India Ltd. purchased another 75 of Boeing Co.’s 737 Max aircraft for about $8.8 billion as it looks to continue rapid expansion in the world’s fastest-growing major aviation market. The latest purchase brings the airline’s backlog for the narrowbody plane to 225, Jet said. It already placed two 75-plane orders, the most recent in April, with the ...

Bloomberg Boeing Co. and the US Air Force anticipate delivery in October of the first KC-46 aerial refuelling tanker, settling a disagreement over timing for the much-delayed $44.3 billion programme, according to the service’s No. 2 civilian official. The new schedule is two months earlier than the Air Force had projected. Undersecretary Matthew Donovan called it “aggressive but achievable” in ...

Bloomberg Virgin Atlantic Airways Ltd. said commercial head Shai Weiss will take over as chief executive officer as billionaire founder Richard Branson prepares to cede majority control of the UK carrier. Craig Kreeger will stand down as chief at the end of this year, with Weiss taking the helm on January 1, 2019, the Crawley, England-based company said. The switch ...

Bloomberg Airbus SE threatened to pull its UK investments if Britain walks away from the European Union without a deal, upping the stakes for Prime Minister Theresa May as she fights to deliver a Brexit that won’t wreck the country’s economy. In the starkest warning yet from any major company, the aerospace giant said that a departure from the single ...

Bloomberg As the brewing trade battle between the US and China threatens to slow demand for air freight, the market is also facing pressure as demand gets in line with supply, according to the chief executive officer of Singapore Airlines Ltd. “From a business perspective, we would like to see countries around the world to work together to grow the ...

Bloomberg Workers at a Bombardier Inc. aircraft plant that was recently sold to a pension fund have reached tentative labour agreements with the company. Unifor, the union that represents about 2,000 production and office staff at the Downsview facility in Toronto, is recommending that members ratify the deals. Details won’t be released until after workers vote on Sunday. Workers had ...