Aviation

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 ...

Reuters Etihad Airways has delayed the appointment of its new group chief executive to late 2017 with the hiring of a new boss nearly finalised, the airline said on Monday. In May, Abu Dhabi’s Etihad appointed executive Ray Gammell as interim Group CEO to replace veteran CEO James Hogan who left on July 1. At the time, Etihad said it ...

Bloomberg Already under pressure from discounters at home, major US airlines are facing a tighter squeeze abroad as low-cost rivals ramp up service across the Atlantic. At American Airlines Group Inc., a measure of trans-Atlantic fares just plunged 9.1 percent, the most since right after the recession ended in 2009, as European budget carriers such as Norwegian Air Shuttle ASA ...

Bloomberg Deutsche Lufthansa AG AG Chief Executive Officer Carsten Spohr said he’s ready to welcome large numbers of employees from insolvent competitor Air Berlin Plc to build up his airline’s Eurowings unit, promoting his company as a safe haven for jobs— albeit with concessions. “Those of you who have worked with Air Berlin crews know it: These are top people, ...

Bloomberg All eight South African Airways flights between Harare and Johannesburg were canceled on Saturday when the Zimbabwe government demanded a foreign operators permit, a day after an Air Zimbabwe plane was grounded in the South African city for similar reasons. The decisions to halt the flights came as Zimbabwe seeks diplomatic immunity in South Africa for President Robert Mugabe’s ...

Bloomberg For the well-heeled looking for a last-minute plan to see next week’s solar eclipse, a US private-jet operator is offering an option for $10,000 a seat. Million Air is whisking customers to remote airports where the moon will totally block the sun’s rays for a time on August 21. Passengers will watch from lawn chairs near the wings of ...

Bloomberg It’s taken five years, but the merger that created Latin America’s largest airline might finally be bearing fruit. Latam Airlines Group SA, once the world’s most valuable carrier, is in its strongest financial condition since predecessor Lan Airlines bought Brazil’s TAM in 2012, said Chief Financial Officer Ramiro Alfonsin. The airline has had to navigate Brazil’s worst recession in ...

Bloomberg Air Berlin Plc’s insolvency could open the way for Deutsche Lufthansa AG to add new hubs for inter-continental flights while allowing short-haul discount specialist EasyJet Plc to boost its presence in the German capital. The ailing carrier’s Berlin and Dusseldorf bases would provide Lufthansa’s lower-cost Eurowings arm with a chance to expand a long-haul network currently limited to Cologne-Bonn ...

Bloomberg Indian airport operators surged after the country’s top court allowed them to use airport land for commercial purposes, rejecting the government’s objections. Private airport operators can now take advantage of a new civil aviation policy unveiled last year that liberalised norms, allowing commercial use of airport land, a two-judge bench headed by J. Chelameswar ruled, upholding a previous lower ...