Aviation

Bloomberg London’s Gatwick airport plans to spend 1.11 billion pounds ($1.5 billion) on expanding the capacity of its two terminals by 7 million passengers within five years. The world’s busiest single-runway hub will devote much of the cash to lengthening one of the piers at its North Terminal, used by airlines including EasyJet Plc and Virgin Atlantic Airways Ltd., to ...

Bloomberg India will soon revive the sale of its money-losing flag carrier with new guidelines after a recent attempt ended in a debacle last month, as the proposed terms deterred potential investors. Prime Minister Narendra Modi’s administration is ready to “re-examine” its privatisation process, including a clause requiring a minority state stake in Air India Ltd., said Subhash Chandra Garg, ...

Bloomberg Hong Kong Aircraft Engineering Co., a unit of Swire Pacific Ltd., jumped the most on record after the parent said it plans to pay a 64 percent premium for shares it doesn’t own, giving small investors an opportunity to exit after trading languished at minuscule volumes. The property-to-retail conglomerate, which already owns 75 percent of the company, proposed to ...

Bloomberg Hainan Airlines Holding Co. plans to raise as much as 7 billion yuan ($1.1 billion) by selling shares to investors, including an arm of Singapore state investment company Temasek Holdings Pte., as part of a restructuring planned by the unit of Chinese conglomerate HNA Group Co. The Haikou, Hainan-based carrier is selling up to 20 percent of its Shanghai-listed ...

Bloomberg Rolls-Royce Holdings Plc’s engine-durability crisis worsened as the company revealed it has detected new issues that will require extra repair shop visits on a further batch of turbines that power Boeing Co.’s 787 airliner. The glitch concerns the intermediate pressure compressor on a “small number” of Package B Trent 1000 engines for the Boeing plane, London-based Rolls-Royce said in ...

Bloomberg A stretching studio. Guided meditation sessions. Shower suites with light therapy. They sound like the features of a New Age spa. But all are elements of Qantas Airways’ new international transit lounge at the Perth Airport. And they’re all designed with one purpose in mind: helping you combat jet lag. For the Australian carrier, this is an especially relevant ...

Bloomberg London Stansted airport, best known as Europe’s biggest discount hub, joined the major leagues with a first flight by Mideast giant Emirates and said it aims to add 30 more long-haul routes within five years. A catchment area that includes Cambridge, England — the focus for Britain’s technology and pharmaceutical sectors — as well as London’s City and Canary ...

Bloomberg Hainan Airlines Holding Co. is seeking to sell shares listed in Shanghai to investors including a unit of Singapore’s sovereign investment fund Temasek Holdings Pte, according to a statement to the stock exchange Saturday. The air carrier said it plans to raise as much as 7 billion yuan ($1.09 billion) by selling as much as 20 percent of its ...

Bloomberg Air France labour unions called for a strike from June 23 to 26, reigniting a costly labour conflict at the height of the busy summer travel season. Workers will strike unless an agreement is found to end the dispute in coming days, the unions said in an emailed statement after meeting with management of parent Air France-KLM. The decision ...

Bloomberg Southwest Airlines Co. is going after its rivals’ best customers by matching the elite-flyer status of some passengers on other US carriers. Members of Southwest’s Rapid Rewards loyalty program who prove upper-tier standing at other airlines will be upgraded to the carrier’s “A-List” for 90 days. Those who qualify can earn an additional 12 months on the list by ...