Aviation

  Bloomberg After emerging from arguably the worst crisis in the history of the airline industry, one of the world’s largest airport operators is starting to see the benefits of a major shakeup and eyeing an expansion into Africa. Corporacion America Airports, a Luxembourg-based company which operates 53 airports in six countries, is bidding for new concessions outside of its ...

  Bloomberg FedEx Corp reported fiscal second-quarter earnings that beat analysts’ estimates, lifted by price increases and cost cuts that helped make up for a decline in package volume. Shares of the delivery giant rose after the company announced an additional $1 billion of projected savings in fiscal 2023, bringing the total to about $3.7 billion. Earnings totalled $3.18 a ...

  Bloomberg Italy cleared the way for the sale of a minority stake in ITA Airways, a key step in ending months of uncertainty over the government’s plans for the successor to bankrupt Alitalia SpA. Rome approved a decree aimed at speeding up the sale procedure for ITA, according to a government official. That could open the way for Deutsche ...

  Bloomberg Hong Kong International Airport (HKIA) says it’s ready to use driverless buses, confident it can shuttle passengers around the aerodrome from next year after extensive trials years in the making. By bolting on cameras, sensors and tracking devices, the Asian financial hub’s main airport has adapted and kitted out an electric bus from Chinese carmaker BYD Co and ...

  Bloomberg With a flat fee of $70 for trips into Manhattan and a guaranteed stream of passengers, a ride to and from New York’s John F Kennedy International Airport is one of the more lucrative journeys for the city’s cab drivers. But federal prosecutors say two 48-year-old Queens men found another way to profit from the crowd of taxis ...

  Bloomberg London City airport dialed back proposals for more early-morning and Saturday flights in a bid to make its plans to lift capacity by almost 40% more palatable to planning officials and local people. The terminal, favoured by business travellers for its proximity to London’s financial districts, is sticking with an application to raise its annual passenger cap to ...

  Bloomberg Rolls-Royce said a new aircraft engine designed to slash carbon production over coming decades is ready to be fired up in ground-based tests. The demonstrator turbine for the so-called UltraFan program has completed assembly and been transported to Rolls’s purpose-built Testbed 80 in Derby, England, where it has been mounted in preparation for activation early next year, the ...

  Bloomberg US congressional leaders are poised to exempt two Boeing Co 737 Max models from a new cockpit requirement that would take effect next week, a victory that would help the planemaker avoid an expensive redesign and potentially lengthy certification delays for the jets. Lawmakers were expected to include the controversial provision in the so-called omnibus bill expected to ...

  Bloomberg The Adani Group rolled out a digital platform for its airport vertical as the ports-to-power conglomerate, helmed by Asia’s richest person, Gautam Adani, inches closer to unveiling its super app. Adani One, developed in-house, will enable users to book air tickets, check flight status, access lounges, shop for duty-free products, get cabs and avail parking facilities. “We have ...

  Bloomberg United Airlines Holdings Inc Chief Executive Officer Scott Kirby met with pilots at a Mesa Air Group Inc training facility, after Mesa said it had ended its partnership with United competitor American Airlines Group Inc. Kirby, whose company already contracts with Mesa for some service, visited amid talks to expand its ties with the regional carrier, Mesa CEO ...