Aviation

Bloomberg Boeing Co. raised its 20-year forecast for aircraft demand in China as economic growth and an expanding middle class spur travel in the world’s most-populous nation. China will need 7,240 new planes valued at almost $1.1 trillion in the two decades through 2036, Boeing said Wednesday. That compares with its projections last September for 6,810 aircraft through 2035. The ...

Bloomberg Airbus SE secured an order for 45 of its A350-900 jetliners from United Continental Holdings Inc., holding on to a critical win after a run of deferrals by US airlines for the European planemaker’s marquee wide-body plane. The deal, valued at $14 billion before customary discounts, is a conversion of an earlier order for 35 of Airbus’s bigger -1000 ...

Bloomberg Cathay Pacific Airways Ltd., Asia’s biggest international carrier, is in talks with its pilots over compensation as it seeks to cut costs after reporting its worst half-half loss in at least two decades. The airline has been in discussions with its pilots over the past few months as part of its goal to become more competitive, the company said ...

Bloomberg Your next business trip to Singapore could see you breezing even more quickly through checkpoints at the world’s best airport as early as next month. Changi Airport will start operating its newest Terminal 4 on October 31, featuring automated check-in kiosks with facial-recognition software and the use of tomography scanners, which allow laptops to remain in bags during security ...

Bloomberg Boeing Co. won a round in a long-running US trade dispute with the European Union over government backing for the planemaker and competitor Airbus SE. The World Trade Organisation’s appellate body overruled a lower-level finding that $8.7 billion in tax incentives awarded by Washington state to Chicago-based Boeing for the development of the 777X jetliner constituted the most serious ...

Bloomberg Blackstone Group LP may cash out from the Maldives, the tropical island chain known for its white-sand beaches and turquoise seascapes. The buyout firm is exploring options for seaplane operator Trans Maldivian Airways Pvt, including a possible sale, after receiving takeover interest in the company, according to people with knowledge of the matter. Blackstone is working with a financial ...

Bloomberg US airline investors, already absorbing the worst monthly stock performance in a year, are bracing for more disappointment. A Standard & Poor’s index of the five biggest US airlines plunged 7.5 percent in August, wiping out about $10 billion in market value. Shares fell as a price war that started between United Continental Holdings Inc. and heavy discounters spread ...

Reuters A German businessman joined the field of potential bidders for insolvent Air Berlin, proposing to focus on only a few routes to holiday destinations. Air Berlin, Germany’s second-largest airline, filed for bankruptcy protection in August after shareholder Etihad Airways withdrew funding following years of losses. Now the carrier is to be carved up, most likely among several buyers, with ...

Bloomberg Sweden’s Saab AB offered to build its Gripen warplanes in India with billionaire Gautam Adani’s conglomerate as a partner, stepping up efforts to win a potential $25 billion contract that could be the world’s biggest fighter-jet order in play. The collaboration with the Indian partner would include design, development and production of the Gripen aircraft for the South Asian ...

Bloomberg The chief executive officer-elect of South African Airways is making it his first priority to convince banks that the state-owned carrier’s new leadership is committed to stemming five straight years of losses and repaying its debt. Lenders and other stakeholders need to be assured that “there is a plan that is plausible for SAA,” Vuyani Jarana said in an ...