Aviation

Bloomberg Aimia Inc. bondholders are betting the loyalty-programme company can ride out the short-term turbulence caused by the loss of its key partner. Shareholders aren’t so sure. The Montreal-based company’s C$250 million ($197 million) of May 2019 bonds have bounced back from their initial drop after Air Canada, the country’s largest airline, said in May that it will withdraw from ...

Bloomberg A raft of airline policy changes prompted by the high-profile case of a man who was injured while being dragged off a plane in Chicago earlier this year have had a dramatic result: airlines reported the lowest level of in- voluntary passenger bumpings in history. Ticketed passengers who were refused a seat on flights fell to 44 per million ...

Bloomberg Boeing Co. and NASA have found an inexpensive way to cut airline fuel bills by borrowing a trick from the world’s greatest long-distance aviators: migratory birds. By lining up cruising aircraft in a V-shaped formation favoured by Canada geese, carriers would be able to produce a leap in efficiency without investing in structural makeovers or futuristic technology. The idea ...

EMIRATES BUSINESS How many stories can you consume in a 21-hour, 37-minute flight from Sydney to London? Now you can find out, with more than 50 hours of original Sydney Opera House available to the 18 million passengers who travel Etihad Airways worldwide each year. Two of the Sydney Opera House’s most popular podcasts, This Kid Life and It’s A ...

Bloomberg Frontier recently jolted the US airline industry by issuing a press release that brimmed with boldness. Given the implications of the scrappy carrier’s news, the superlatives were arguably a harbinger of war. A fare war, to be exact. The ultra low-cost carrier (ULCC) that sports wild animals on its tails plans to double its footprint by next summer, adding ...

Bloomberg The US Air Force reached a deal with Boeing Co. for two 747 jets to serve as Air Force One, taking advantage of an unusual limited-time discount on planes once bound for Russia. “We got a really good deal,” Air Force Secretary Heather Wilson said Friday in an interview. “I’m pleased with that.” The service said the jets, which ...

Bloomberg Now on opposing sides, Kevin McAllister and Tom Gentile spearheaded talks that over the past few days broke a contract deadlock pitting Boeing against Spirit AeroSystems Holdings Inc., a supplier that used to be part of the Chicago-based planemaker. Spirit surged to a record on news of the tentative pact, which may lead to an even closer tie between ...

Bloomberg The US Federal Aviation Administration is implementing recommendations it rejected six years ago that could have prevented pilots from nearly landing last month on a taxiway crowded with jetliners awaiting takeoff in San Francisco. The National Transportation Safety Board in 2011 recommended a software upgrade to ground radar systems that would warn when a plane is landing in the ...

Bloomberg President Donald Trump’s administration may be poised to strike a peculiar deal for the next Air Force One planes: buying jumbo jets abandoned by a defunct Russian airline. The U.S. Air Force is in talks to purchase two 747-8 jetliners from Boeing Co. that were originally bound for Transaero Airlines, once Russia’s second-largest airline, said a person briefed on ...

Bloomberg Canada, already the nation’s top-performing industrial stock this year, surged again after raising its profit outlook as the airline’s international expansion bolsters demand. The addition of 16 overseas and US routes is drawing more passengers using Canada as a stopover on their way to other destinations, the company said in a statement. Air Canada said it flew close to ...