Aviation

Bloomberg Wizz Air Holdings Plc plans to step up its expansion in Eastern Europe as slower capacity growth at local flag-carriers stung by higher fuel costs encourages a recovery in ticket prices. Budapest-based Wizz will add 6.6 million seats in the year that began April 1, lifting its capacity to about 33 million passengers. The increment represents about half of ...

Bloomberg Never mind voters or airport executives. The constituency Canada needs to get on board for any privatization of the country’s airports is its bondholders. Investors who hold debt in the country’s biggest airports are protected by rules and contracts that would likely require the government to get their consent — and offer compensation — before it could change the ...

Bloomberg As Singapore Airlines Ltd. considers broadening its debt sources amid plans to spend S$30.1 billion ($22 billion), some analysts are pointing to the likelihood of a shift to US-dollar bonds and the higher borrowing costs that may entail. Chief Financial Officer Stephen Barnes said on May 19 that the carrier is looking to raise funds in different currency bonds. ...

Emirates Business CEB will fly the last of its four-times-a-week service from Manila to Kuwait on June 13, and its Kuwait-Manila flight on June 14. The thrice-weekly Manila-Doha-Manila route will have its last flight on July 1. The airline’s last flight from Manila to Riyadh, Saudi Arabia will depart on July 2, while the Riyadh-Manila flight will leave on July ...

Emirates Business The newly re-branded award winning Dubai based consultancy and design agency ODG (previously Open D Group, Retail Access and Sparkle), has been appointed by Oman Sales and Services (OSS) (A joint venture between Oman Air and Aer Rianta International Middle East) to design and project manage the entire duty free at the New Muscat International Airport. OSS successfully ...

Bloomberg Selling aircraft to the world’s elite is set to remain a struggle as concerns about the fallout from Brexit and political uncertainty in the US weigh on buyers of corporate jets, according to Embraer SA. Western European markets are sluggish, and demand could dip in the US, said Michael Amalfitano, who took charge of the Brazilian company’s corporate-aircraft division ...

Bloomberg Ethiopian Airlines was betting Airbus SE’s new A350 widebody would help it lure lucrative business-class passengers away from the likes of Emirates, but nagging delivery issues are putting Africa’s largest carrier behind schedule. The airline won’t receive 10 new planes by the end of June as planned, with some coming as late as next year, Thomas Gabreyohannes, the carrier’s ...

Emirates Business Cathay Pacific on Tuesday announced that it will be making around 600 people redundant in its head office. This is part of a transformation programme to make Cathay Pacific and Cathay Dragon more effective by improving the speed and quality of decision-making and putting a greater focus on its customers. The changes will affect senior, middle management and ...

Bloomberg China and Russia teamed up to develop twin-aisle jets that will compete with Airbus SE and Boeing Co., the planemakers who dominate passenger aircraft capable of trans-continental flights. State-owned Commercial Aircraft Corp. of China Ltd. and Russia’s United Aircraft Corp. aim to hand over the plane to customers by 2025-2027, UAC Chairman Yury Slyusar said at a briefing in ...

Bloomberg Peach Aviation Ltd. will become the first Japanese carrier to accept bitcoin as payment for airline tickets as the discount airline aims to attract more tourists from other parts of Asia. The cryptocurrency can be used to book seats starting by the end of the year, Peach said in a statement in Tokyo, adding a change in Japan’s law ...