Aviation

Bloomberg The US government has opened an investigation into snow removal at New York’s John F. Kennedy International Airport following a storm earlier this month that snarled scores of flights. The Federal Aviation Administration is probing the Port Authority of New York and New Jersey’s actions during the storm on January 4-5, the agency said. The investigation will determine “if ...

Bloomberg Asian airport operators’ earnings, and their share prices, may be ready to take off. Rising wealth, improving connectivity and social media penetration will spur spending on international air travel, Morgan Stanley analysts including Daniel Lau wrote in a research report. Operating profit growth for airports under the firm’s coverage will pick up to a 9.5 percent compounded annual growth ...

Bloomberg A tourist boom has caused traffic at Iceland’s Keflavik airport to grow more than five-fold over the past nine years, with a predicted 10 million passengers this year. Now Iceland’s main entry point to the world is preparing to accommodate twice as many. The airport expects to invest about $1 billion over the next 7 to 8 years to ...

Bloomberg London’s Heathrow Airport put forward proposals for a sloping runway and said the landing strip could be shortened as it seeks to cut 2.5 billion pounds ($3.4 billion) from the cost of expansion plans. Europe’s busiest hub also proposed the phased opening of new terminals and a number of alternative road links as part of a 10-week consultation aimed ...

Bloomberg Fed up with delays that have plagued production of luxurious jetliner cabins, Boeing Co. is forming its own company with a major seat supplier to the auto industry. The joint venture with Adient Plc will be based near Frankfurt, Germany, along with a technology center and an initial production plant, the companies said in a statement. It will market ...

Bloomberg Qantas Airways Ltd. is the least fuel efficient and burns the most carbon of major airlines that fly across the Pacific Ocean, according to a report by the International Council on Clean Transportation. Qantas burns an average of one liter of aviation fuel to fly a passenger 22 kilometres, 64 percent more than the 36 kilometres achieved by the ...

Bloomberg Airbus SE Chief Executive Officer Tom Enders slammed Brexit and US President Donald Trump’s pro-America trade policies as presenting twin threats to its business, while singling out the UK’s vote to leave the EU as posing the bigger issue. The developments amount to a “double whammy” of protectionist hazards, Enders said in London at the annual dinner of the ADS ...

BLoomberg Amsterdam’s Schiphol airport added 4.8 million passengers in 2017 with the help of a six-runway setup that’s unique in Europe, putting it almost level with Paris Charles de Gaulle as the region’s second-busiest hub. Schiphol, home base to KLM, attracted 68.4 million travellers, consolidating its lead over Frankfurt and putting it within 1 million of the total at Charles ...

Bloomberg For years, Lockheed Martin Corp. has been developing a successor to one of the fastest aircraft the world has ever seen, the SR-71 Blackbird, the Cold War reconnaissance craft that the US Air Force retired almost three decades ago. Lockheed officials have said the hypersonic SR-72—dubbed the “Son of Blackbird” by one trade journal—could fly by 2030. But a ...

Bloomberg India will break up its debt-burdened flag carrier into four separate companies and offer to sell at least 51 percent in each of them as part of a disinvestment proposed by Prime Minister Narendra Modi. The core airline business comprising Air India and Air India Express—the low-cost overseas arm—will be offered as one company, and the process will be ...