Aviation

Bloomberg A sudden power failure at the world’s busiest airport that stranded thousands of passengers and snarled US holiday air traffic underscores the vulnerability of the nation’s grid. The 11-hour outage was caused by a fire in an underground electrical facility that also cut backup supplies to Hartsfield-Jackson Atlanta International Airport, said Southern Co.’s Georgia Power utility. Frustrated passengers were ...

Bloomberg Bombardier Inc. predicted that growth in its corporate-jet unit will help offset lost revenue from handing the keys of its marquee commercial-aircraft programme to Airbus SE. Business-aircraft revenue could increase 70 percent in the next three years, Bombardier said in statement. Overall sales are expected to rise to $20 billion in 2020, down from a previous forecast of $25 ...

Bloomberg Delta Air Lines Inc. and other carriers worked to get thousands of stranded passengers onto planes after a major electrical disruption in Atlanta crippled service at the world’s busiest hub, extending flight cancellations into a second day. Hartsfield-Jackson Atlanta International Airport still had 411 inbound and outbound cancellations on Monday after 1,183 the day before, according to FlightAware, a ...

Bloomberg Ryanair Holdings Plc’s Irish pilots suspended a planned strike, after Europe’s biggest low-cost carrier agreed to recognise their labour union. The Irish company wrote to pilot organisations in Ireland, the UK, Germany, Italy, Spain and Portugal inviting each of them to talks “to recognise these unions as the representative body for pilots in Ryanair in each of these countries,” ...

Bloomberg Ryanair Holdings Plc pilots got an unexpected Christmas present when Europe’s biggest low-cost carrier agreed to recognise their labour unions. Investors are the ones paying for it. The move, which CEO Michael O’Leary had previously said wouldn’t happen before “hell would freeze over,” was aimed at averting the first-ever walkout by employees. Ryanair stock fell as shareholders digested the ...

Bloomberg Delta Air Lines Inc. ordered 100 of Airbus SE’s A321neo jetliners, a deal with a list value of $12.7 billion, in a major victory for the European planemaker over Boeing Co. Deliveries of the single-aisle planes will begin in early 2020 and the transaction includes options for an additional 100 aircraft, Delta said. The airline’s decision dealt a setback ...

Bloomberg Singapore Airlines Ltd.’s chief executive officer said that surplus capacity in the industry remains a challenge and the marquee carrier’s focus continues to be on delivering cost-efficient services. The group is in the midst of a review to fend off intensifying competition from other carriers at the premium end and low-cost operators at the budget end. The transformation may ...

Bloomberg Kenya Airways Ltd. expects second-half revenue to decline after violence during the country’s protracted presidential elections scared off passengers, Chief Executive Officer Sebastian Mikosz said. Travellers cancelled bookings as a rerun of the vote and court disputes over the outcomes stretched over three months, Mikosz said in an interview in the Mauritian capital, Port Louis. The impasse triggered violence ...

Bloomberg Deutsche Lufthansa AG is ready to transfer landing rights from Air Berlin Plc to leisure giants Thomas Cook Group Plc and TUI AG in an effort to fend off antitrust concerns about its bid for most of the insolvent carrier, people familiar with the plan said. Lufthansa is proposing that takeoff and landing slots from Air Berlin’s Niki division ...

Bloomberg The Trudeau government is escalating a trade fight with Boeing Co., ditching plans to buy 18 Super Hornets while launching a search for new fighter jets under parametres that could hamper future bids from the US plane maker. Canada said it would instead pursue plans to buy 18 used Australian F-18 fighter jets to supplement its aging fleet, and ...