Aviation

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 ...

Bloomberg The airline that passengers love to hate is figuring out how to arrive on time. Spirit Airlines Inc. rose to third place in the Department of Transportation’s monthly tally of US airlines’ on-time performance in October, with 87.2 percent of its flights arriving within 14 minutes of their scheduled time. That placed it ahead of larger Alaska Air Group ...

Bloomberg Ryanair Holdings Plc pilots in the airline’s home base of Dublin defied a management threat and voted in favour of labour action, throwing their weight behind a European organising campaign seeking better working conditions. Of the cockpit staff who voted, 95 percent said they’d rather strike than accept management proposals to improve employment terms, people familiar with the matter ...

Bloomberg Out in western Canada, the airline world is about to watch a unique business experiment. If it goes as planned, in a few years there will be a new favourite carrier battling for your airfare dollars, regardless of whether you’re a penny pincher or a rich banker. WestJet Airlines Ltd., which flies Boeing Co. 737s in Canada much the ...

Bloomberg United Continental Holdings Inc.’s top communications executive is stepping down after leading the airline’s PR strategy through a tumultuous two-year tenure and worldwide scandal this April. Jim Olson, senior vice president of corporate communications, will resign effective from January 8 to pursue other opportunities, he said in a letter to employees. The decision was his own and he wasn’t ...