Aviation

Bloomberg India is selling a controlling stake in its flagship carrier along with two-thirds of the loss-making airline’s about $7.8 billion debt, as Prime Minister Narendra Modi moves ahead with the nation’s most high profile asset sale in decades. The government will sell 76 percent of Air India Ltd., according to a document uploaded on the civil aviation ministry’s website ...

Bloomberg China Southern Airlines Co., Asia’s biggest carrier by fleet size, said profit jumped to a record on the back of a stronger yuan and as the state-owned carrier focussed on profitable domestic routes. Net income rose 18 percent to 5.96 billion yuan ($950 million) in 2017 while revenue rose 11 percent to 127 billion yuan, the Guangzhou-based airline said ...

Bloomberg JetBlue Airways Corp. flight attendants are turning in their trays and will begin using onboard carts as passengers call for faster snack and beverage service and more options. The shift on all JetBlue aircraft should cut service time by more than half, said Doug McGraw, a spokesman for the airline. Moving to carts will also enable the New York-based ...

Bloomberg Chinese courier company SF Holding Co. says it’s won a license to operate drones, opening up a new potential frontier for package delivery in the world’s second-largest economy. SF, the nation’s largest listed courier provider by market value, said that one of its units was granted China’s first ever drone operation license and that the firm was now legally ...

Bloomberg Airlines are coming under UK government pressure to disclose more information about the hundreds of pounds worth of extra fees that travellers can rack up after they book flights. The UK’s Department for Transport intends to release an aviation policy on the charges, which can cover changing a passenger’s name or reissuing boarding cards, Aviation Minister Elizabeth Sugg said ...

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 ...

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 ...

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 ...

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 ...

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 ...