Aviation

  Abu Dhabi / Emirates Business Etihad Airways is introducing its award-winning A380 on the Abu Dhabi – Paris route this summer as part of seasonal adjustments to the airline’s fleet deployment plan. Featuring the carrier’s revolutionary The Residence – the world’s first three-room suite on a commercial airliner – the aircraft will operate on one of its twice-daily services ...

  Bloomberg Chief Executive Officer Alan Joyce, who is steering Qantas Airways Ltd. through a successful three-year transformation, has one word of advice for Cathay Pacific Airways Ltd. — adapt. On Wednesday, Hong Kong’s flagship carrier reported its first annual loss since 2008 as declining demand for business travel and competition from Chinese rivals eroded earnings. While Joyce’s restructuring at ...

  Bloomberg Deutsche Lufthansa AG said a slide in fares triggered by excess capacity is beginning to slow, easing the burden on earnings as fuel costs rise. Adjusted operating profit will decline “slightly” in 2017 after the figure dropped 3.6 percent to 1.75 billion euros ($1.9 billion) last year, Lufthansa said in a statement on Thursday. The guidance for this ...

  Bloomberg Turkish Airlines is targeting a return to its earlier pace of gains in passenger numbers by next year as the effects of terrorism and political turmoil wane after causing a loss in 2016. Turkish Airlines will post a ‘moderate’ increase in passenger numbers this year and ‘from 2018 onwards, we will be seeing our historical growth rates,” Chairman ...

  Bloomberg Low-cost airlines targeting inter-continental routes have come and gone since the days of UK entrepreneur Freddie Laker’s trans-Atlantic Skytrain service in the 1970s. But a new generation of discounters equipped with more-efficient jets and using the Internet to tap markets closed to their forerunners is set to endure, challenging the long-haul dominance of network carriers, International Air Travel ...

  Dubai / Emirates Business Dubai Aerospace Enterprise (DAE) Ltd. announced it has completed the purchase of a portfolio of ATR 72-600 aircraft from GE Capital Aviation Services (GECAS). This purchase brings the total number of owned and committed ATR 72-600 aircraft in DAE’s fleet to 57, making DAE one of the largest lessors of the ATR 72-600 worldwide. In ...

  HONG KONG / AP Hong Kong’s Cathay Pacific Airways posted its first annual loss in almost a decade, blaming it on tough competition from rival airlines, slowing Chinese economic growth and a stronger currency. The airline said that it lost 575 million Hong Kong dollars ($74 million) in 2016 compared with a HK$6 billion profit the year before. The ...

  FRANKFURT / AP German airline Lufthansa has reached a preliminary agreement on a labor deal with its pilots that would cut pension liabilities and bar strikes through 2022. Lufthansa’s drawn-out talks with the Vereinigung Cockpit union have led to several costly stoppages that disrupted hundreds of flights. Lufthansa’s labor relations head, Bettina Volkens, on Wednesday called the deal a ...

  Bloomberg A US border post in Abu Dhabi has handed local carrier Etihad Airways an advantage over its Gulf rivals following President Donald Trump’s moves to curb immigration from a clutch of mainly Muslim countries. The so-called pre-clearance facility means that travellers from the affected nations who think they qualify for entry can have their paperwork processed before leaving ...

  Bloomberg US airlines that rushed into Cuba last year knew the going would be tough. But it’s turned out to be such an unexpected financial slog that two carriers are now quitting the island. On Monday, Frontier Airlines Holdings Inc. and Silver Airways Corp. announced plans to drop service entirely. Citing a 300 percent surge in airline capacity, Silver ...