Bloomberg Airbus SE plans to cap its takeover of the Bombardier Inc. C Series jetliner by scrapping the Canadian plane’s 14-year-old branding, people familiar with the plan said. Among the names under consideration for a plane in which Bombardier invested more than $6 billion is “A200,†according to the people, who asked not to be identified as no decision has ...
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JetBlue trims Long Beach after int’l service nixed
Bloomberg JetBlue Airways Corp. will reduce flights out of Long Beach by more than a third, after the California city blocked the carrier’s plans to add international flights, leaving a hole in its network from southern California. Daily departures from Long Beach will drop to 23 from 35 starting from September 5, JetBlue said in a statement. The move is ...
Read More »Founder steps in as India’s InterGlobe head exits
Bloomberg InterGlobe Aviation Ltd.’s billionaire director Rahul Bhatia has taken over as interim chief executive officer after its president and director Aditya Ghosh unexpectedly resigned before a board meeting, the operator of India’s biggest airline said in an exchange filing. Ghosh is leaving at a time when the airline is changing some of its most successful policies such as moving ...
Read More »Airbus details Franco-German fighter deal with UK role at risk
Bloomberg Airbus SE Chief Executive Officer Tom Enders sketched out the company’s plans for the next generation of European fighter aircraft and warned that Brexit means the UK could miss out on future production. Airbus’s German operation is working with French warplane specialist Dassault Aviation SA on a fighter platform involving a range of aerial products, including drones and “swarms†...
Read More »South African Air needs $404 million in government funds
Bloomberg South African Airways appealed to the government for 5 billion rand ($404 million) to cover immediate costs and warned that it may be unable to make debt repayments next year as the state carrier battles to stay in operation. Chief Executive Officer Vuyani Jarana is at the early stage of a turnaround plan designed to return the carrier to ...
Read More »Rolls-Royce considers China venture for new wide-body jet
Bloomberg Rolls-Royce Holdings Plc is in talks with Aero Engine Corporation of China on a possible partnership that would see the companies jointly supply engines for a new wide-body aircraft planned by China and Russia, according to people familiar with the matter. The two companies met earlier this year on whether to cooperate on the turbine for the CR929 wide-body, ...
Read More »Southwest plans more NYC, Washington flights as Alaska Air retreats
Bloomberg Southwest Airlines Co. plans to expand service from New York City and Washington this year after completing a deal to lease slots from Alaska Air Group Inc. at maxed out airports. Southwest will be able to add six round-trip flights at New York’s LaGuardia Airport and four at Ronald Reagan Washington National Airport. The 10-year lease begins in October ...
Read More »United CEO skips bonus, chairman to step aside
Bloomberg United Continental Holdings Inc.’s top executive is giving up his bonus and its chairman is stepping aside. Chief Executive Officer Oscar Munoz asked the board not to award him the payout for 2017, the airline said in a regulatory filing. Chairman Robert Milton, a former Air Canada CEO, will be replaced with another independent board chief. Laurence Simmons, a ...
Read More »Sheer fright seen as lawsuit claim for Southwest survivors
Bloomberg After the crash come the claims. Being on an airplane more than six miles in the air when an engine blows up and sends shrapnel through a window is an experience so scary that aviation lawyers say it’s not just the family of the woman killed on a Southwest Airlines Co. flight this week who could have a case. ...
Read More »Korean Air chairman fires two daughters over rage incidents
Bloomberg Add Hanjin Group’s Korean Air Lines Co. to the country’s family-run conglomerates that are seeing the founding clan’s representation diluted. This time, Hanjin Chairman Cho Yang-ho pushed out his youngest daughter after allegations she threw water in the face of an advertising agency worker during a business meeting. For good measure, he also fired his eldest daughter who four ...
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