Aviation

Bloomberg Cathay Pacific Airways is losing its decades-old membership of Hong Kong’s benchmark equity gauge as the city’s flagship carrier struggles to revive earnings. The airline will be dropped along with Kunlun Energy Co. as part of Hang Seng Indexes Co.’s quarterly review. Country Garden Holdings Co., a Chinese property developer, and Sunny Optical Technology Group Co., an Apple Inc. ...

Bloomberg The first Airbus SE superjumbo to exit service will be stored minus its engines at a French airfield as its owner seeks a new operator for a plane that while still relatively young in industry terms has fallen out of favour with airlines. The A380 will be returned to leasing firm Dr. Peters after 10 years of service with ...

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 ...

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 ...

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 ...

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 ...

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. ...

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 ...

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 ...

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 ...