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 ...
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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 ...
Read More »EasyJet, US startup to develop electric plane
Bloomberg EasyJet Plc is working with a US engineering startup to develop a fully electric commercial plane within a decade, the low-cost British airline said on Wednesday. Founded last year by a team of engineers and battery chemists, US-based Wright Electric is setting its sights on designing an aircraft that can fly 335 miles. That would cover 20 percent of ...
Read More »JetBlue to US: Reject Boeing in Bombardier trade dispute
Bloomberg JetBlue Airways Corp. is urging US regulators to reject Boeing Co.’s fair-trade complaints against Bombardier Inc. as the New York-based airline considers adding new planes to its fleet. Boeing’s claim that Bombardier sold its C Series jets in the US at less than fair value thanks to Canadian government subsidies presents “a threat to JetBlue’s ability to continue to ...
Read More »In-flight Wi-Fi to make airlines earn ‘$4 more’
Bloomberg Each airline passenger will be worth $4 more per flight to carriers once they’re able to offer uninterrupted broadband services, according to a study commissioned by satellite-communications provider Inmarsat Plc. In-flight connectivity should generate $30 billion for airlines by 2035 out of an overall market of $130 billion including technology providers and related companies, the report compiled by the ...
Read More »Berlin votes to keep Cold War airport in fallout over delays
Bloomberg Berlin residents voted to keep open the city’s Tegel airport in a backlash over the fiasco surrounding Willy Brandt international, which is meant to replace the Cold War relic. The measure won 56.1 percent of the votes cast in Sunday’s election, surpassing the required majority, according to the city’s website. While the result sends a signal to Berlin’s Senate ...
Read More »Airbus seeks China goodwill with first wide-body site abroad
Bloomberg Airbus SE is courting China with its first wide-body jet facility outside Europe, positioning the company to chase billions of dollars in potential orders from an aviation market that’s set to become the world’s biggest within a decade. Chief Operating Officer Fabrice Bregier inaugurated the $200 million completion centre in Tianjin, a site designed to give finishing touches such ...
Read More »Risky roads a boon for small airlines in war-ravaged South Sudan
Bloomberg Ayaak Deng’s first-ever flight let her skip over a hundred miles of bloodily contested South Sudan and visit family she hadn’t seen in a year. It’s the kind of trip that’s revitalising small airlines that initially struggled because of the almost four-year civil war. The airport in the capital, Juba, has recorded about 1,000 domestic passengers a day this ...
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