Bloomberg Logistics specialist and airports operator Stobart Group Ltd. said it’s looking at putting together a bid for Flybe Group Plc, Britain’s biggest domestic airline, as the regional carrier grapples with declining earnings. Flybe shares rose the most in four years as Stobart said options include taking a non-controlling interest in a business that would make a cash bid for ...
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London hubs could add 30 million passengers without new runways
Bloomberg Two of London’s three biggest airports said they could add almost 30 million more passengers between them yearly without requiring extra runways. Stansted, the biggest hub for Ryanair Holdings Plc, plans to apply to raise a cap on annual passenger numbers by almost one-quarter to 43 million, owner Manchester Airports Group said in a statement. That would be 17 ...
Read More »Airbus super-jumbo sheds financial weight in revamped state aid deal
Bloomberg Airbus SE’s revised deal with the countries that helped fund the A380 superjumbo almost two decades ago will help save the European planemaker more than $1.4 billion, according to a regulatory filing. Future obligations for refundable advances declined by about about 17 percent to an estimated $7.3 billion, Airbus said in its annual financial statements. While the balance includes ...
Read More »Southwest to review support animals in wake of dog bite of child onboard
Bloomberg Southwest Airlines Co. is reviewing its policies on emotional support and service animals after a dog bit a young girl on the forehead aboard one of its planes. The dog was in the first row of seats against a bulkhead when the girl, about six years old, approached it after the owner had asked her to stay back, said ...
Read More »Pratt reins in threat to $10bn jet-engine programme
Bloomberg Pratt & Whitney succeeded in tamping down the latest crisis to threaten its $10 billion next-generation jet-engine program, with a temporary fix that will keep Airbus SE planes flying until a permanent solution is found. Pratt, a unit of United Technologies Corp., scrapped a newly introduced seal that caused engine vibrations and took almost a dozen Airbus A320neos out ...
Read More »British Airways owner presses on with expansion in crowded skies
Bloomberg British Airways owner IAG SA is following European rivals in a capacity splurge led by an expansion of its low-cost Level and Aer Lingus long-haul divisions, while going on the offensive in Europe. The shares fell as much as 3.9 percent in London, mirroring the reaction when rival Air France similarly said this month that it would charge ahead ...
Read More »Delta, United latest to cut NRA ties amid calls for boycott
Bloomberg Delta Air Lines Inc. and United Continental Holdings Inc. became the latest companies to cut ties with the National Rifle Association after a call to boycott the lobbying group became a top trend on Twitter. The online furor continued into the weekend after the NRA’s leaders attacked the media and Democrats, claiming the fallout from last week’s Florida high ...
Read More »Airbus CEO vows to stay in post-Brexit UK long into future
Bloomberg Airbus SE Chief Executive Officer Tom Enders personally promised the UK government the company plans to retain its British operations “long into the future’’ in a turnaround from a staunch critic of the divorce from the European Union. Enders’s promise was made in a letter this month to Business Secretary Greg Clark, according to an official who declined to ...
Read More »India mulls expanding scope of fighter jet order
Bloomberg India is planning to revise the specifications for one of the world’s biggest fighter jet orders, people familiar with the matter said, a move that would allow manufacturers such as Boeing Co. and United Aircraft Corp. to pitch their twin-engine combat aircraft. Prime Minister Narendra Modi’s government has asked the Indian Air Force if the search for fighter jets ...
Read More »â€˜Boeing’s priorities include investing in its factories, jets’
Bloomberg Boeing Co.’s boss threw cold water on speculation that the aerospace giant is contemplating a major acquisition, reaffirming the company’s focus on “targeted†deals and returning cash to shareholders. CEO Dennis Muilenburg said Boeing’s top priorities are investing in its factories and jetliners while expanding shareholder returns. The planemaker has the “horsepower†to pursue deals while pouring cash into ...
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