Aviation

Bloomberg Patrick Shanahan, the Pentagon’s No. 2 civilian, has set up an alert system to insulate himself from decisions affecting Boeing Co., where he rose to senior vice president during a 30-year career. The new deputy defense secretary has signed a “screening arrangement” that will notify Defense Secretary James Mattis and Shanahan’s staff to issues involving Boeing—the No. 2 US ...

Bloomberg For years, China’s three state-owned airlines kept adding flights on international routes to chase after a rising middle class that can afford to fly overseas. Now, they are slowing that down in favour of the local market. In the first half of 2017, Air China Ltd., China Eastern Airlines Corp. and China Southern Airlines Co. increased international seats at ...

Bloomberg Qantas Airways Ltd. announced its fourth stock buyback in two years as the airline reported better-than-expected annual earnings, marking the end of a three-year turnaround under Chief Executive Officer Alan Joyce. The Australian carrier, reporting its second-highest profit on record, said it will repurchase as much as $295 million of stock even as the shares traded near an all-time ...

Bloomberg United Continental Holdings Inc. suspended its entire regional operation and all mainland flights out of Houston to non-hub airports around the country as Hurricane Harvey lashed southeast Texas, the airline said. More than 1,000 flights had been canceled and another 1,259 delayed nationwide as of 3:04 p.m. Eastern time Saturday, according to flight tracking service FlightAware. United’s cancellations, including ...

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 ...