Aviation

Bloomberg Ryanair Holdings Plc said it’s “genuinely interested” in bidding for insolvent Air Berlin Plc and called on the German company to involve it in the sale process. Ryanair could buy all or part of Air Berlin but has so far been ignored by the ailing carrier, according to Chief Executive Officer Michael O’Leary, who said he’s concerned the company ...

Reuters Saudi Arabian Airlines’ low-cost carrier will start flights next month, aiming to carve out a new market among the country’s young, tech-savvy population in a region dominated by airlines from the UAE. Flyadeal, a subsidiary of the state-controlled holding company that also owns national carrier Saudia, will offer domestic services from September 23 and begin international flights before mid-2018. ...

Bloomberg The European Aviation Safety Agency ordered operators of Airbus SE A350 airliners to revise fuel-system software to reduce the risk of overheating that could lead to a fire. A flaw in the hydraulic-fluid cooling system, located in the fuel tanks, may cause the temperature of the liquid to rise quickly, the EASA said in an emergency airworthiness directive that ...

Bloomberg Pretty much everyone prefers a nonstop flight—business people, especially. And they are more likely than most to be in a position to afford the premium. But right now, all the money in the world won’t get you from Sydney to the Big Apple or UK without a pit stop, because commercial planes just don’t have that kind of range. ...

Bloomberg Latin America’s airline industry is moving towards having just two dominant players serving the region and the world. Avianca Holdings SA says it can be one of these, boosted by its alliance with United Continental Holdings Inc. and a merger with a Brazilian airline. The carrier hopes to reach a commercial agreement this year with United, with the ultimate ...

Bloomberg If shares of Taiwan’s largest airline are anything to go by, Apple Inc.’s next iPhone will be a runaway success. China Airlines Ltd. has surged more than 30 percent in the past 8 days, adding about $4.1 billion in market value and outperforming almost every other member of MSCI Inc.’s Asian benchmark. Behind the gains is investor optimism the ...

Bloomberg With little fanfare, Airbus SE is about to mark an unusual milestone in aviation: simultaneous production of the same aircraft on three continents. The company will hand over the first A320 to roll out of its Mobile, Alabama, assembly plant on Aug. 25, meaning North America will join Europe and Asia in producing the most popular airliner in the ...

Bloomberg TUI AG wants to safeguard the jobs of 700 of its employees staff who work planes leased to ailing Air Berlin Plc and isn’t interested in rescuing the insolvent carrier. Europe’s biggest holiday company, which disclosed last week that it would engage in talks following the insolvency filing, doesn’t plan to pick up assets and is neutral on what ...

Bloomberg Cathay Pacific Airways Ltd. agreed to purchase 32 Airbus SE single-aisle jets in an order worth $4.1 billion as it seeks to upgrade and expand the fleet of its affiliate Cathay Dragon. The Hong Kong carrier entered into a non-binding preliminary agreement to buy the A321-200neo aircraft, it said in a statement to the city’s stock exchange on Monday. ...

Bloomberg PT Garuda Maintenance Facility AeroAsia, a unit of national carrier PT Garuda Indonesia, plans to raise as much as $300 million in an initial share sale to fund setting up of a new unit in an island near Singapore and expand overseas. GMF AeroAsia, which conducts maintenance, repair and overhaul of aircraft for 170 customers, will offer between 20 ...