Aviation

Bloomberg South African Airways is striving to return to profit in three years by reducing the size of the network and transferring planes to its low-cost carrier as Chief Executive Officer Vuyani Jarana embarks on a recovery plan. A turnaround of the state-owned airline is among the more urgent priorities of newly appointed Finance Minister Nhlanhla Nene, who is seeking …

Bloomberg At an aviation summit in Brussels, Europe’s main airlines put on a display of unity over the challenges ahead. But the industry’s chief executive officers were divided when it came to the biggest issue of all: Brexit. The UK’s scheduled departure from the European Union in March 2019 has provoked widely varying reactions from carriers in the 28-nation bloc. …

Bloomberg Virgin Atlantic Airways Ltd will split its coach class into three ticket grades in an effort to head off the challenge presented by an emerging low-cost, long-haul sector led by Norwegian Air Shuttle ASA. The UK carrier plans to introduce an “economy light” fare for passengers prepared to take hand baggage only and happy to have their seats allocated …

Bloomberg Low-cost international flying is coming to Brazil. Norwegian Air Shuttle ASA plans to fly to Brazil from Argentina and London to boost its month-old operations in South America, Chief Executive Officer Bjorn Kjos said in an interview in Buenos Aires. The Scandinavian company has already received authorisation from the Argentine government to operate flights to 13 Brazilian cities. Norwegian …

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 …