Aviation

Bloomberg Indian Prime Minister Narendra Modi is actively considering a proposal to privatize state-run Air India Ltd., possibly asking the buyer to absorb loans of about 200 billion rupees ($3.1 billion) linked to aircraft purchases, a person with direct knowledge of the matter said. The deliberations follow recommendations by a government panel for the sale of the money-losing carrier that ...

Emirates Business SriLankan Airlines, the National Carrier of Sri Lanka and a member of the prestigious oneworld alliance, will be establishing its presence in Australia with daily non-stop services to Melbourne commencing October 29 this year. Australia is home to one of the largest Sri Lankan expatriate communities, many of whom reside in and around Melbourne, the capital of Australia’s ...

Bloomberg VietJet Aviation Joint Stock Co. is in talks to become the first company in Vietnam to list its shares on a stock exchange overseas as the carrier, which controls more than 40 percent of the domestic airline market, seeks more funds after plans for billions of dollars in aircraft purchases. “We’ve been approached by some foreign stock exchanges including ...

Bloomberg Thailand is seeking to take on Singapore’s dominance in aircraft maintenance, repair and overhaul with a $5.7 billion upgrade of a Vietnam War-era airport. Lockheed Martin Corp.’s Sikorsky Aircraft is the latest company to study a possible increase in MRO spend in Thailand in the wake of the planned revamp of U-Tapao International Airport, said Ajarin Pattanapanchai, deputy secretary ...

Bloomberg Turkish Airlines is considering options to fund its planned move to Istanbul’s new airport, due to open at the end of next year, reports said. Options under consideration include having the new airport’s consortium of builders, known as IGA, construct and own the facilities and lease them to the airline, three people said, asking not to be identified because ...

Bloomberg India’s federal investigation agency will probe a decade-old deal by the national carriers to acquire 111 aircraft, which saddled the flag carrier Air India Ltd. with losses, the Central Bureau of Investigation said. The CBI, as the federal police is known, registered three cases and one preliminary inquiry in the light of orders from the Supreme Court in January, ...

Bloomberg British Airways’ epic meltdown over a busy holiday weekend further fanned public outrage of an industry infamous for its focus on cost cuts over customer service, leaving the UK carrier scrambling to explain how a local computer outage could lead to thousands of stranded passengers. Amid United Airlines’ dragging fiasco, mass cancellations at Delta Air Lines and U.S. concerns ...

Bloomberg Department of Homeland Security (DHS) Secretary John Kelly said he may ban laptop computers in the cabins of all international flights into and out of the US amid continuing terrorist threats to bring down airplanes, but that a final decision hadn’t been made. “That’s really the thing that they’re obsessed with, the terrorists: the idea of knocking down an ...

Bloomberg British Airways’ flight schedule is slowly recovering as the carrier digs out of a massive computer failure that stranded thousands of passengers worldwide over the weekend and cast doubts on Chief Executive Officer Alex Cruz’s aggressive cost-cutting strategy. The UK carrier cancelled 50 flights, or about 6 percent of the total 852 scheduled, to and from its main London ...

Bloomberg British Airways (BA) said it will try to operate most scheduled departures from London on Sunday, after a computer system failure paralyzed operations at the start of a three-day holiday weekend in the UK, stranding thousands of travelers at two major airports. The carrier scrapped all Saturday afternoon and evening departures from Heathrow and Gatwick airports following what it called ...