Aviation

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 ...

Bloomberg For decades, Singapore and Hong Kong have reigned supreme: as key transit points connecting travellers in Asia to and from the rest of the world. But now, a $1 trillion global airport spree is threatening the status quo. About half that money is due to be spent on upgrading or building new airports in Asia, the Sydney-based CAPA Centre ...

Bloomberg Airbus SE said it will almost halve production of its slow-selling A380 superjumbo, casting further doubt over the program’s future, while warning that engine glitches are still weighing on deliveries of the single-aisle A320 that’s due to become its largest-volume model. The A380 build rate will be reduced to eight jets a year in 2019, down from 15 this ...

WAM A delegation from Sharjah’s Department of eGovernment (DeG), visited Sharjah International Airport (SIA), where they registered their details with the facility’s smart gate system. The visit came in line with the department’s commitment to supporting digital and electronic ventures that facilitate the ease of conducting procedures and which elevate the environment of Sharjah for its residents and visitors. “DeG’s ...

DUBAI / Emirates Business Turkish Airlines collaborates with Dr Mehmet Oz, the producer and host of world-renowned ‘The Dr Oz Show’, on its ‘Fly Good Feel Good’ project, aiming to provide an even more comfortable and healthy travel experience to its passengers. Dr Oz gives advice to the passengers of Turkish Airlines, the airline flying to more countries than any ...

Bloomberg Delta Air Lines Inc., China Eastern Airlines Corp. and Air France-KLM Group are reaching for their checkbooks to forge a deeper global alliance. The US and Chinese carriers will each buy a 10 percent holding in Europe’s biggest airline. At the same time, Air France-KLM will take a 31 percent stake in the UK’s Virgin Atlantic Airways Ltd., in ...

لآloomberg If you think the government should do something about the cramped legroom on airplanes, you’ve got a friend in a federal court. The US Court of Appeals in Washington, D.C., ordered aviation regulators to consider setting minimum standards for the space airlines give passengers. “This is the Case of the Incredible Shrinking Airline Seat,” Judge Patricia Ann Millett wrote ...

Bloomberg Singapore Airlines Ltd. returned to a profit after a surprise loss in the last quarter, helped by a surge in the number of passengers and a recovery in the air cargo market. The main Singapore Air brand and all other divisions, including the budget-carrier unit, the cargo unit and an engineering company, all posted a profit at the operating ...

Bloomberg British Airways (BA) parent IAG SA and its biggest competitor Air France-KLM Group both boosted second-quarter earnings around 50 percent amid strong demand for business travel on routes to Asia and Latin America. Europe’s two largest airlines are benefiting from higher long-haul prices as rivals that are focused on shorter routes see fares crimped by overcapacity. IAG said earnings should ...