Bloomberg Boeing Co. is heading for its biggest monthly decline in two years as US-China tensions over tariffs threaten a wider trade war that would stifle demand for its airliners. President Donald Trump’s plan for sweeping duties against China triggered retaliation by the Asian nation, heightening uncertainty for Boeing, which is poised to generate a torrent of cash from a ...
Read More »Aviation
Rolls-Royce 787 engine snag extends to Airbus new A330neo
Bloomberg Glitches with Rolls-Royce Holdings Plc engines that have dogged Boeing Co.’s 787 wide-body jet are also an issue for the competing A330neo model from Airbus SE. Rolls-Royce’s Trent 7000 turbine, the only one available on the Airbus plane, shares durability problems afflicting the Trent 1000 from which it was developed, according to people familiar with the matter, who asked ...
Read More »Argentina airport operator seeks new market deals
Bloomberg Corporacion America Airports SA, the largest private airport operator in the world, is looking at growth opportunities in emerging markets such as Brazil and India, CEO Martin Eurnekian said. The company, which earlier this year raised $486 million when it listed its shares in New York, is already in a bidding process in Jamaica and is actively seeking to ...
Read More »Qantas sets aviation milestone as Perth flight lands in London
Bloomberg Qantas Airways Ltd. started direct flights between Australia and London this weekend, passing a major milestone by reducing to 17 hours a trip that once took much longer. Flight QF9, which originated in Melbourne, landed at London Heathrow at 5:02 am on Sunday following a 14,498-kilometre trip from Perth, according to the UK airport operator’s website. The route marks ...
Read More »Airlines challenge government power to regulate lost baggage
Bloomberg A federal rule change about how airlines count the luggage they lose has pitted Southwest Airlines Co., the “bags fly free†carrier, against its two larger rivals, which tend to charge for the privilege of using the cargo hold. For decades, an airline’s lost-bag rate has been calculated by dividing the number of people it flies by the number ...
Read More »Kenya Airways plans to add 20 new routes in five years
Bloomberg Kenya Airways Plc plans to add as many as 20 new destinations in Africa, Europe and Asia in the next five years, Chief Executive Officer Sebastian Mikosz said. The route-network expansion will help sub-Saharan Africa’s third-biggest carrier, in the midst of a turnaround programme after a record loss in 2016, return to profit. The airline reported a 6.1 billion-shilling ...
Read More »Airbus loses contest with Boeing to sell A330neo to American
Bloomberg Airbus SE has lost a contest with Boeing Co. to sell wide-body jets to American Airlines Group Inc., dealing a blow to the European planemaker’s efforts to boost A330neo orders in the world’s biggest aviation market. Talks with American over the re-engined model have ended, Airbus said in response to questions from Bloomberg, saying it was unwilling to match ...
Read More »Ryanair to revive plans for Ukraine flights, says PM
Bloomberg Ryanair Holdings Plc has revived plans to extend its network further east than ever before with flights from Ukraine, according to the European country’s premier. A deal formalising the expansion should be signed later this week, Ukrainian Prime Minister Volodymyr Hroisman said in a statement on the government’s official website. Europe’s biggest discount airline had previously aimed to serve ...
Read More »US airlines drop as Southwest forecast spurs fare anxiety
Bloomberg US airlines tumbled after Southwest Airlines Co. cut its forecast for an industry revenue benchmark, citing stepped-up competition and a surprise drop in travel demand. The weaker outlook is spurring investor fears that United Continental Holdings Inc.’s expansion plan will rekindle fare wars that have plagued the industry off and on since 2015. When the supply of seats outstrips ...
Read More »Airbus considering A330neo cargo model targeting Amazon
Bloomberg Airbus SE is considering building a freighter version of its slow-selling A330neo wide-body, spurred by requests from potential customers Amazon.com Inc and United Parcel Service (UPS) Inc., according to people familiar with the matter. The interest from Amazon and UPS could rekindle a competition between Airbus and Boeing Co. as the global air-cargo market rebounds from a decade-long slump. ...
Read More »