Aviation

Boeing China order worth $37 billion part of ‘old deal’

Bloomberg Eager to show he can narrow the trade gap with China and create jobs at home, US President Donald Trump touted an order for 300 Boeing Co. planes. Yet the bulk of the deal announced in Beijing was old news. The order, with a list value of $37 billion before customary discounts, consists mostly of previous agreements, officials with ...

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Vietnam Airlines in share sales talks with foreign investors

Bloomberg Vietnam Airlines Corp. will offer more shares to foreign investors, including possibly another airline, as it prepares a listing on the Ho Chi Minh City Stock Exchange next year and the government plans to cut its holdings to 51 percent. The carrier—which sold an 8.8 percent stake to ANA Holdings Inc. last year for $108 million—is discussing the sale ...

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EasyJet names ex-TUI tourism veteran Lundgren as new chief

Bloomberg EasyJet Plc appointed the former deputy head of holiday giant TUI AG to become its next chief executive officer as Carolyn McCall prepares to take over at UK broadcaster ITV Plc. Johan Lundgren, a 51-year-old Swede, will assume the role on December 1, Luton, England-based EasyJet said. McCall will leave the board a day earlier, while assisting with the ...

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Southwest eyes Hawaii’s island-hopping routes

Bloomberg Once Southwest Airlines Co. starts flying to Hawaii next year, it may well add a compelling wrinkle to its schedule: flights between the islands. The carrier is mulling whether to include some in-state travel along with its trans-Pacific routes, which the company plans to offer starting next year. Southwest Chief Executive Officer Gary Kelly said that island-hopping flights are ...

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Singapore Air profit jumps threefold

Bloomberg Singapore Airlines Ltd said profit almost tripled last quarter, fuelled by an increase in passenger and cargo traffic, even as it warned of challenges as rivals add capacity in key markets. Net income in the three months through September rose to S$189.9 million ($139 million) from S$64.9 million a year earlier, Southeast Asia’s biggest carrier said in a statement. ...

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Poland to build $9.6bn central airport by 2027

Bloomberg Poland will build central airport for as much as 35 billion zloty ($9.6 billion) by 2027, reversing a strategy based on expanding smaller regional ports with the help of funds provided by the European Union. The facility, which will probably be located in central Poland between Warsaw and Lodz, will be capable of servicing as many as 100 million ...

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Delta weighs 100 single-aisle jets order for $12.7 billion

Bloomberg Delta Air Lines Inc. is nearing an order for about 100 single-aisle planes, people familiar with the matter said, in a much-anticipated deal valued at as much as $12.7 billion. The No 2 US carrier is also seeking options to buy as many as 100 more planes as it chooses between Airbus SE’s A320 family of aircraft and Boeing ...

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S African Airways seeks investor for turnaround

Bloomberg South African Airways (SAA) will revive a plan to seek an equity partner that’s able to provide cash and operational savings to help turn around the state airline, according to its new chief executive officer. A strategic investor would ideally come from within the aviation industry, CEO Vuyani Jarana, 47, said in an interview. That will enable unprofitable SAA ...

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Jay-Z backed JetSmarter weighs IPO in 2019

Bloomberg JetSmarter’s Chief Executive Officer Sergey Petrossov said the members-only chartered-jet marketplace is considering fundraising options, including going public in 2019, as it rapidly ramps up flights around the world. “The company is big enough now” to go public, Petrossov said in an interview at the Fort Lauderdale International Boat Show. “But it will be very well-positioned in ’19”. Petrossov ...

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Google shuts off an airline booking tool in search

Bloomberg Alphabet Inc.’s Google is pulling a software tool that let small companies access search information on airfares, a potential blow to online travel newcomers. Google’s tool was opened in 2011 after its $700 million acquisition of ITA Software Inc., an online airfare broker. In approving the deal, a federal judge required that Google keep an ITA flight search and ...

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