Aviation

Bloomberg What a difference a year makes at Air France-KLM Group: almost $4 billion in increased market capitalisation. The carrier’s valuation has surged almost 190 percent since hitting a five-year low in September 2016. The Paris-based company’s shares are also the best performers among members of the Stoxx Europe 600 benchmark index this year, with a 20-times greater advance than ...

Bloomberg Boeing Co. is the “king of corporate welfare,” the UK’s main opposition Labour Party said, accusing the US aerospace giant of “egregious hypocrisy” in pursuing an illegal-subsidies claim against Bombardier Inc. that threatens thousands of jobs in Northern Ireland. The US slapped 300 percent of duties on Bombardier’s C Series aircraft after upholding Boeing’s contention that the Canadian company ...

Bloomberg Delta Air Lines Inc. said it wouldn’t pay import duties on Bombardier Inc.’s marquee jetliner, which was socked in the last two weeks with 300 percent tariffs by the US Commerce Department. It’s possible Delta will delay deliveries of the C Series planes, which are scheduled to begin next year, Chief Executive Officer Ed Bastian said. The airline is ...

Bloomberg AirAsia X Bhd., the long-haul arm of the region’s biggest budget carrier, is looking at swapping an order for 66 Airbus SE A330neo wide-body jets to larger A350s in a bid to boost capacity on its busiest routes. A review of the Kuala Lumpur-based discounter’s fleet requirements is underway and could result in a plan to trade up to ...

Bloomberg Chancellor of the Exchequer Philip Hammond poured cold water on the idea that planes would be unable to fly from the UK to the European Union if there’s no deal on Brexit, a favourite theme of opponents of an abrupt departure from the bloc. Britain’s air-traffic controllers currently work under agreements that are part of Britain’s EU membership. When ...

Bloomberg A panel of industry and law enforcement officials couldn’t agree on how civilian drones should be tracked by authorities, adding uncertainty to the push for expanded commercial uses. The advisory committee, established earlier this year by the Federal Aviation Administration, couldn’t reach consensus on key issues, such as what type of drone models should be subject to radio tracking, ...

Bloomberg Kuwaiti discount carrier Jazeera Airways has delayed a planned expansion into long-haul flights to focus on extending its existing network to serve the Indian subcontinent. Jazeera, which has previously been limited to operations within the Middle East, will start operating to Hyderabad in India and Lahore in Pakistan this month before adding Delhi, Mumbai and Chennai later in the ...

Bloomberg Dassault Aviation SA, the French maker of Rafale fighter jets, may build its business aircraft in India, in a boost to Prime Minister Narendra Modi’s push to encourage local manufacturing. Building the Falcon 2000 planes in India would cut costs while ensuring quality and execution that meets standards, Chief Executive Officer Eric Trappier said in an interview on the ...

Bloomberg BAE Systems Plc will eliminate almost 2,000 jobs as it struggles to secure new orders for the Eurofighter Typhoon warplane and slims down its naval ships and cyber-security businesses. Some 1,400 posts will go at the company’s military-aircraft unit, which employs about 12,500 people, with a further 375 positions to be eliminated in the maritime division and up to ...

Bloomberg Ivory Coast is in talks with three African airlines to operate the first direct route to the US by early 2018 as the West African nation seeks to attract more investors to its fast-growing economy. The most advanced discussions are with Ethiopian Airlines Enterprise, which is due to send a delegation to Ivory Coast before the end of the ...