Aviation

Bloomberg China is set to become the world’s biggest aviation market in five years thanks to hefty subsidies from local governments beseeching airlines to fly mainland tourists overseas. Local governments, especially those outside mega cities like Beijing, Shanghai and Guangzhou, spent at least $1.3 billion subsidising airlines in 2016, mostly for them to start direct services to far-flung places such ...

Bloomberg FedEx Corp. raised its annual profit forecast, citing “solid demand trends” and a rebound from a June cyberattack at its TNT Express unit in Europe. The operator of the world’s largest cargo airline is on track for a record season of holiday deliveries, Chief Executive Officer Fred Smith said in a statement. Shipments to homes are increasing as more ...

Bloomberg For a half-century, Boeing Co. mechanics in a sprawling factory north of Seattle have riveted together aluminum panels into the familiar hump-backed form of the 747 jumbo jet. Test pilots then put each new plane through its paces on an adjacent air strip before sending it off to roam the globe. This airplane, more than any other, made long-range ...

Bloomberg Boeing Co. warned that its 737 Max 7 passenger jet may not survive if Bombardier Inc. continues to sell aircraft below fair-market value, as the two planemakers square off in a case that’s putting profits and diplomatic ties on the line. “Our Max 7 is at extreme risk,” Kevin McAllister, the head of Boeing’s commercial airplanes division, told a ...

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 ...