Aviation

Bloomberg Deutsche Lufthansa AG has to do more to allay European Union concerns about its takeover of most of Air Berlin Plc after offering concessions that won’t fully appease regulators, according to two people familiar with the process. Lufthansa would need to improve upon its offer to cede landing rights of Air Berlin’s Niki arm in order to win approval ...

Bloomberg Ryanair Holdings Plc faces its first-ever strike as crews in Italy prepare to walk out as part of a push for unionisation and company-wide contracts, and staff in six other countriesconsider action. Pilots and flight attendants in Italy plan to walk off the job for four hours from 1 pm local time on December 15, according two unions. Workers ...

Bloomberg British Airways (BA) Chief Executive Officer Alex Cruz defended his decision to start charging for food on short-haul routes, saying the measure was necessary in order to compete in an environment of falling ticket prices. “Given some of the fares in the marketplace, we make no apology for making ourselves more efficient in various ways so we can consistently ...

Bloomberg Bombardier Inc., whose Belfast aircraft plant is Northern Ireland’s biggest manufacturer, said it’s against any moves towards a Brexit deal that would effectively redraw the UK-Ireland border in the Irish Sea. Rather than benefit from a settlement keeping the province in a customs union with the Irish Republic to preserve boundary-free travel, the Belfast site, which employs 4,200 people, ...

Bloomberg Global airline earnings this year will top previous forecasts and surge to a record in 2018, spurred by higher fares and burgeoning cargo demand, according to the industry’s main trade group. Net income for 2017 is likely to total $34.5 billion, $3.1 billion higher than forecast in June, the International Air Transport Association said in a statement. The figure ...

Bloomberg American Airlines CEO Doug Parker is investing more than $1 billion to mend tattered labour relations at the world’s largest carrier. A recent spat with pilots is prompting some analysts to question whether he’s getting his money’s worth. The aviators’ union warned that more than 15,000 flights were at risk of being scrubbed during the busy holiday season after ...

Bloomberg Boom Technology Inc., seeking to build a supersonic jet for passenger travel, got a $10 million investment from Japan Airlines Co. as the Denver-based startup aims to revive ultra-fast travel that ended a decade back with the Concorde. Japan Air also agreed to take an option to purchase up to 20 aircraft, the two companies said in a statement. ...

Bloomberg Asiana Airlines Inc., South Korea’s No 2 carrier, is increasingly dogged by rising borrowing costs just as stiff competition from low-cost rivals looms over a potential rebound in its China business. The Bank of Korea’s first interest-rate increase since 2011 may add to the Seoul-based carrier’s woes by pushing up funding costs, according to Shinhan Investment Corp. The premium ...

Bloomberg Alitalia SpA, the bankrupt Italian airline searching for a rescuer, will get new uniforms designed by one of Italy’s most prominent stylists, the second re-branding in two years. The airline, which is on state support, said that Alberta Ferretti will renew the company’s look “to ensure that all personnel, both ground and flight staff, is comfortable in each working ...

Bloomberg Air France-KLM Group and Jet Airways India Ltd. agreed to deepen an existing partnership with offerings on India- Europe routes together, giving the biggest European airline more seamless access to the world’s fastest growing major aviation market. The latest deal will offer travel options for 44 cities in India and 106 destinations across Europe, Jean-Marc Janaillac, chairman of Air ...