Aviation

Bloomberg One of India’s fastest-growing airlines has signed a $12.5 billion deal with CFM International Inc. for engines and a 10-year services contract for an incoming fleet of more than 150 Boeing Co. 737 MAX aircraft. SpiceJet Ltd. has agreed to buy the LEAP-1B engines and spare engines from CFM, which is a joint venture between France’s Safran Aircraft Engines ...

Bloomberg South African Airways may not be able to continue to operate as a going concern, while the struggling state-owned airline has failed to properly record financial information and the value of assets, according to the Auditor General. SAA made a net loss of about $471 million in the year through March 2017, according to a document signed by AG ...

Bloomberg WestJet Airlines Ltd.’s appointment of a new chief executive officer opens the way for Canada’s No. 2 carrier to hammer out a labour deal with its pilots over the next few months, a union leader said. Relations had soured between the union and CEO Gregg Saretsky as WestJet pilots sought their first bargaining agreement. Those negotiations now fall to ...

Bloomberg All 15 Boeing Co. 787 Dreamliner jets operated by Virgin Atlantic Airways Ltd. are affected by faults with Rolls-Royce Holdings Plc engines that power the wide-body planes, according to the carrier. Grounding the Trent 1000 turbines for fixes has been “seriously disruptive,” forcing Virgin to find a number of workarounds, including calling on partner Delta Air Lines Inc. and ...

Bloomberg IndiGo, India’s biggest airline, plans to order as many as 50 Airbus SE A330 wide-body jets as it seeks to expand beyond short-haul flights, people with knowledge of the matter said. The carrier aims to take the upgraded A330neo version of the plane, according the people, who asked not to be named as the discussions aren’t public. The deal ...

Bloomberg American Airlines Group Inc. plans to retire 45 of its oldest Boeing Co. 737 jets over the next two years as part of an overhaul that will reduce the age of its workhorse narrow-body fleet. The Fort Worth, Texas, carrier plans to withdraw 12 of the aircraft next year and 33 in 2020, or about three a month. American’s ...

Bloomberg Boeing Co. may need to rethink one of the most distinctive features of its proposed new mid-range jet—a small cargo hold—to win over customers in Asia, potentially the plane’s largest market. The manufacturer faces a “cargo conundrum,” for the jetliner dubbed the 797 by industry observers, said Domhnal Slattery, founder and chief executive officer of Avolon Holdings Ltd., the ...

Bloomberg Hawaiian Holdings Inc. handed Boeing Co. a victory by selecting 10 of the planemaker’s 787 Dreamliners and canceling a deal for a competing model from Airbus SE. The airline signed a non-binding letter of intent for the Boeing 787-9 jets in a deal valued at $2.82 billion at list prices, passing over Airbus’s A330. Hawaiian expects to use the ...

Bloomberg The US has offered the UK a more limited “Open Skies” aviation deal after Brexit than it has as a member of the European Union, but participants expressed confidence that the lucrative transatlantic market would continue unimpeded. The main stumbling block in the negotiations is that the US is using its standard template for aviation agreements, which has less ...

Bloomberg General Electric Co. plans to replace a part in hundreds of recently delivered engines after uncovering a durability problem inside the turbines powering the upgraded workhorse jets of Boeing Co. and Airbus SE. The manufacturer has identified a fix for a previously disclosed issue with the new Leap engine, and the redesigned part will be incorporated into the production ...