Bloomberg American Airlines Group Inc. will add more seats to some of its single-aisle jetliners as part of an effort to boost sales by $1.4 billion in the next four years. It’s also targeting $1 billion in cost savings. The carrier’s Boeing Co. 737-800 jets will be revamped to fit 12 more passengers while the Airbus SE A321 planes will ...
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Southwest Airline may take $100mn hit from hurricanes, earthquakes
Bloomberg Southwest Airlines Co. said third-quarter sales will take a $100 million blow from this year’s devastating hurricanes and earthquakes. About 5,000 flights had been canceled through Wednesday because of the natural disasters, the carrier said in a statement. Southwest also pared its outlook for revenue from each seat flown a mile, saying the benchmark gauge would be little changed ...
Read More »There’s life in C Series despite US ruling, says Bombardier
Bloomberg Bombardier Inc. remains confident that it will win orders for its C Series jetliner this year, even after losing a ruling in a trade battle with Boeing Co. that essentially shuts off the US market. “We’re working opportunities in many, many continents,†Colin Bole, senior vice president for sales at the Montreal-based company’s commercial aircraft unit, said. “I’m still ...
Read More »JetBlue wants you to be happy with less space
Bloomberg JetBlue Airways Corp. has been talking about the first full revamp of its workhorse jetliner for a long time. This fall, almost 18 years since the popular low-cost carrier arrived at airports, it’s finally going to happen, and while there are plenty of bells and whistles to get you oohing and ahhing, there’s a little surprise that may leave ...
Read More »Southwest sends oldest 737s to graveyard as Max joins fleet
Bloomberg Southwest Airlines Co. is set to pull off an aviation high-wire act as it sends 30 of its oldest planes to a desert graveyard just 24 hours before launching the newest version of its staple 737 jetliner. The changeover will usher in the latest fresh start for Boeing Co.’s bread-and-butter passenger plane, extending Southwest’s almost 50-year dedication to the ...
Read More »Bombardier nears $1.25 billion C Series deal with Air Baltic
Bloomberg Bombardier Inc., the Canadian planemaker facing US import duties on its C Series jet, is nearing a deal to sell at least 14 of the planes to Air Baltic Corp. in an order with a list value of about $1.25 billion. The carrier is set to buy CS300 models “definitely before the end of next year,†Air Baltic Chief ...
Read More »Flights delayed around globe as Amadeus booking system fails
Bloomberg Airlines worldwide were forced to delay flights as a global flight-bookings system operated by Amadeus IT Group SA suffered what the company called a “network issue.†Carriers including British Airways, Deutsche Lufthansa AG, Cathay Pacific Airways and Qantas Airways were among those impacted, with Dutch operator KLM delaying at least 24 departures. Singapore’s Changi airport said via Twitter that ...
Read More »WTO probes Canadian jet subsidies in Bombardier blow
Bloomberg The World Trade Organization approved Brazil’s request to investigate Canada’s alleged use of more than $3 billion in government subsidies to produce Bombardier Inc. aircraft. The South American nation began WTO consultations in February, saying Canada ran afoul of trade rules because its policies unfairly bolstered the domestic aerospace industry to the detriment of Brazilian planemaker Embraer SA. Canada ...
Read More »Bombardier jets hit with 220 percent US duty
Bloomberg  Bombardier Inc.’s all-new jetliner, which cost at least $6 billion to develop, just got harder to sell in the world’s largest aviation market. The US Commerce Department slapped import duties of 220 percent on the C Series plane, citing improper subsidies after a complaint by Boeing Co. The preliminary determination threatens to upend Bombardier’s planned deliveries next year ...
Read More »Hong Kong airport needs $8.8bn debt for 3rd runway
Bloomberg Construction workers have already started the work towards filling in part of the South China Sea to make room for Hong Kong airport’s third runway. The project is also set to make bankers busy. The Airport Authority Hong Kong needs to raise $8.8 billion to fund the runway, and should consider selling bonds and tapping the loan market, according ...
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