Aviation

Bloomberg Air France-KLM Group signaled that a turnaround that began early this year is continuing as summer bookings rise and tourists from Asia and the US return to France after staying away in 2016. “The second quarter is good and the bookings for this summer are also quite positive compared to last year,” Jean-Marc Janaillac said in an interview at ...

Bloomberg South Korea’s police raided the head office of Korean Air Lines Co. in Seoul to probe alleged misuse of company funds, the first crackdown on a major local conglomerate after President Moon Jae-in came to power in May. Police are investigating allegations that Chairman Cho Yang-ho, the head of Hanjin Group that controls Korean Air, had interior work done ...

Bloomberg A Deutsche Lufthansa AG pilot who was grounded when he turned 65 lost his age-discrimination fight at the European Union’s top court, which said EU legislation imposing the limit is justified for safety reasons. “It is undeniable that the physical capabilities essential to the profession of an airline pilot diminish with age,” the EU Court of Justice said in ...

Bloomberg Airbus SE Chief Executive Officer Tom Enders will take control of sales and marketing for the company’s planemaking division in a move that dilutes the role of chief operating officer and commercial-aircraft president Fabrice Bregier. The change comes after Airbus implemented a shift to a single corporate structure that folds the civil arm more closely into the group. That ...

Bloomberg IndiGo, the only carrier that has made a pitch to purchase Air India Ltd., sought to allay investor concerns about the budget operator buying the unprofitable national carrier, saying a deal would help speed up its plans for low-cost, long-distance flights. Spelling out the rationale for their interest in the highly indebted airline in a conference call with analysts, ...

Al Ain / emirates business The A350-1000 test aircraft, MSN065, successfully completed the hot weather tests at the Al Ain International airport. The tests which took place from July 4-7, involved the aircraft undergo extreme weather conditions at temperatures above 40 degrees Celsius. The objective of the tests is to check systems behaviour with a focus on the cabin, including ...

Bloomberg Cathay Pacific Airways Ltd. agreed to buy out the stake owned by partner DHL International GmbH in a cargo venture as the premium Asian carrier revamps its operations as part of a three-year transformation program. Under the non-binding preliminary agreement, Cathay will purchase the 40 percent held by the German company in AHK Air Hong Kong Ltd., making it ...

Bloomberg South Africa’s National Treasury has transferred funds to South African Airways (SAA) to help the state-owned airline avoid default on its debt to Standard Chartered Plc., according to a statement from the department on Saturday. “Government has decided to transfer funds from the National Revenue Fund to South African Airways to allow the airline to pay back its debt ...

Bloomberg Asian shipments of jet fuel to Europe are soaring this month as summer holiday travel picks up and freight costs decline. Cargoes of petroleum products bound for Europe from South Korea, Singapore and China are set to rise to at least 450,000 tons in July, vessel-tracking data show. That’s the highest level since Bloomberg started tracking the shipments in ...

Bloomberg / WAM Emirates, the world’s biggest long-haul airline, said measures barring laptops from the cabins of aircraft departing its Dubai base for the US have been lifted. The moratorium, imposed in March, was removed on Wednesday following work with local authorities and regulators on implementing the ‘heightened security measures and protocols’ required by the US Department of Homeland Security ...