Bloomberg Singapore Airlines Ltd., the first carrier to put a double bed in its cabins, is spending $850 million to refit all its Airbus SE A380 jets as it fights neck and neck with airlines such as Emirates for passengers paying top dollar. The flag carrier unveiled its first major overhaul across cabins of its Airbus SE A380s since 2007, ...
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United Continental wants to acquire used Airbus jetliners
Bloomberg United Continental Holdings Inc. wants to acquire as many as 40 used Airbus SE jets, seeking a thrifty way to bolster short-distance service as the airline struggles to get costs under control. The carrier is looking at A319 and A320 single-aisle aircraft, the Chicago chapter of the United pilots union said in a memo to its members. A deal ...
Read More »Airbus faces US front in widening probe over deal payments
Bloomberg Airbus SE alerted US authorities to potential regulatory breaches, opening a new flank in the group’s efforts to resolve a series of probes into the use of payments and middlemen to win new business. Toulouse, France-based Airbus took the step after an internal review revealed “inaccuracies†in applications for defense-export licenses, it said. The development adds to existing investigations ...
Read More »Indian airline IndiGo profit beats analyst estimates
Bloomberg Airbus SE and enginemaker Pratt & Whitney’s compensation to IndiGo for glitches that grounded jets helped India’s biggest airline post quarterly profit that exceeded analyst’s estimates. The problems plaguing the carrier’s operation since July were fixed earlier this month after Pratt & Whitney managed to replace the engines that power the Airbus’s A320neo jets. The world’s biggest buyer of ...
Read More »Ryanair chief sees end to pilot crunch as earnings feel pinch
Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary said Europe’s biggest discount carrier can raise pay for disgruntled pilots and still retain a pricing advantage over rivals after a staffing crunch led profit to slide in its busiest quarter. O’Leary pledged on Tuesday to press on with a review of flight rosters, bases and salaries as he seeks a ...
Read More »US passenger carriers find it expensive to run an airline
Bloomberg America’s passenger carriers have discovered that it’s getting more expensive to run an airline these days. While summertime profits were fine, and travel demand remains robust, a number of airlines are facing higher bills from a variety of factors: labour contracts, significant airport renovation projects, technology spending and fleet upgrades. The increase in expenses is creeeping into 2018 and ...
Read More »Bombardier may miss delivery goal for cutting-edge C-series
Bloomberg Bombardier Inc. will likely fall short of the full-year delivery target for its cutting-edge C Series jet amid a shortage of available engines, analysts said. Delivery of 12 planes that had been scheduled for this year will probably slip into 2018, said Konark Gupta, a Macquarie Capital Markets analyst. That would mean Bombardier delivers 18 of the jets this ...
Read More »SpiceJet plans to land Kodiak planes in sea, fields in $400mn deal
Bloomberg The next sales pitch for one of the world’s fastest-growing airlines may turn out to be: No runway? No problem! SpiceJet Ltd., an Indian budget carrier that’s seen its stock zoom 899 percent in three years, wants to open up the third-biggest aviation market even more. That means targeting the billion Indians who’ve never flown before, either because they ...
Read More »EasyJet in deal to take over Air Berlin A320 plane leases
Bloomberg EasyJet Plc will take over leases for as many as 25 of Air Berlin Plc’s planes and gain access to a second airport in the city as the former No. 2 German airline is liquidated. EasyJet will pay 40 million euros ($46 million) for the Airbus SE A320 aircraft leases and takeoff and landing slots at Berlin Tegel Airport, ...
Read More »British Airways owner sacrifices fare gains in US route battle
Bloomberg British Airways owner IAG SA struggled to raise ticket prices at the same pace as rivals as the airline group boosts long-haul budget options to counter tougher competition on its core US routes. Gains in passenger unit revenue, a measure of ticket pricing, slowed to 2.2 percent in the third quarter from a 4 percent jump in the three ...
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