Aviation

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 ...

Bloomberg The major US airlines that allege unfair competition by Persian Gulf rivals can’t show that new flight routes are costing US jobs, allies of the Middle Eastern carriers told Secretary of State Rex Tillerson. Opening discussions with the governments of the United Arab Emirates and Qatar over trade claims could hurt travel and tourism and encourage other countries to ...

Bloomberg Flybe Group Plc, Britain’s biggest regional airline, said it’s pursuing 10 to 20 more partnership agreements with major airlines following its introduction of flights to London’s Heathrow airport in March. The stock rose as much as 6 percent. The services from Edinburgh and Aberdeen offer bigger carriers the chance to tap Scottish markets by striking code-share deals that let ...

Bloomberg Boeing Co. is creating a new unit that develops avionics for its commercial and military aircraft, a move that potentially pits the planemaker against suppliers such as Rockwell Collins Inc. and Honeywell International Inc. Rockwell Collins posted the biggest decline in almost six years on the news that its second-largest customer is planning a rival product lineup. Boeing Avionics ...

Bloomberg Fraport AG’s Turkish joint venture is getting a loan of 200 million euros ($235 million) to repay debt for Antalya Airport after terror attacks over the past two years cut revenue, two people familiar with the matter said. The operator and its local partner will use 180 million euros to refinance an existing loan and the balance for its ...

Bloomberg IndiGo, India’s biggest airline, said it received compensation from Pratt & Whitney as the manufacturer struggles to fix glitches in engines that power Airbus SE’s new A320neo jets. The nature of the compensation from Pratt & Whitney is confidential, the airline’s Chief Financial Officer Rohit Philip said after the airline reported first-quarter profits. The carrier is not happy with ...

Bloomberg Billionaire Richard Branson says he’s ceding control of Virgin Atlantic Airways Ltd. so that the carrier can join what it claims will be “the most significant joint venture in aviation.” For Virgin, the deal may be as much about gaining a lifeline after years struggling to keep up with British Airways. Branson, 67, said in an open letter when ...

Bloomberg Bombardier Inc. burned through less cash than expected in the second quarter and said pretax earnings this year will be in the top half of a previously disclosed range, as Chief Executive Officer Alain Bellemare forges ahead on his turnaround plan. Free cash flow usage in the period ended June 30 was $570 million, Bombardier said. In addition, the ...

Bloomberg Virgin Australia Holdings Ltd., the airline part-owned by HNA Group Co., aims to add two routes to mainland China to tap into the Chinese backer’s aviation hubs and the record flow of visitors heading Down Under. In an interview in Sydney, Chief Executive Officer John Borghetti mapped out a plan over the next five years to take advantage of ...