Aviation

  Bloomberg Avianca Holdings SA’s chairman and controlling shareholder, German Efromovich, is forcing the Colombian airline into a potential deal with United Continental Holdings Inc. that will hurt minority investors, according to a lawsuit filed in New York State Supreme Court. Kingsland Holdings, the second-biggest shareholder in Avianca, is suing the Bogota-based air carrier, Efromovich and Chicago-based United, saying they ...

  Bloomberg India is considering selling a majority stake in Air India to a strategic partner after a $3.6 billion bailout failed to turn around the loss making national carrier, people with knowledge of the matter said. The proposal includes reviving Air India within five years of selling a 51 percent stake, the people said, asking not to be identified ...

  Emirates Business The Philippines’ largest airline, Cebu Pacific (CEB), flew 19.1 million passengers in 2016, an increase of 4% from the 18.4 million passengers flown in 2015. On average, CEB flights were 86% full during the year. Growth in passenger volume was largely driven by the airline’s low-cost short-haul services, and increased frequencies in key domestic markets. Specifically, the ...

  Bloomberg United Continental Holdings Inc.’s addition of 47 domestic round-trips marks a stepped-up effort to regain ground lost to rivals as a new management team tries to shed the airline’s reputation as an industry doormat. United aims to ‘compete and win across the board,’ President Scott Kirby said in a message about the new service. The carrier is also ...

  Dubai / Emirates Business tajawal, the Dubai-based online travel startup, has collaborated with Visa Checkout to provide easy payment solutions to its customers. This move makes it the first online travel agency in the MENA region to integrate quick digital payment solutions on their portal. Muhammad Chbib, tajawal co-Founder and CEO said, “The decision to add Visa Checkout as ...

  Bloomberg Korean Air Lines Co. is in talks with Delta Air Lines Inc. for a joint venture in a move that would give the second-largest US carrier a bigger foothold in Asia where rising incomes are fueling a boom in air travel. Details of the partnership would be disclosed later, the Asian airline’s President Walter Cho told reporters at ...

  Bloomberg Boeing Co. plans to open its first ever European factory in Sheffield, northern England — delivering a vote of confidence in the U.K.’s manufacturing capabilities as the country prepares to exit the European Union. The 20 million-pound ($25 million) facility will supply parts for Boeing’s 737 short-haul workhorse and the 777 wide-body, specializing in actuation systems that extend ...

  Bloomberg Boeing Co.’s 787 Dreamliner has acquitted itself nicely in opening smaller destinations to nonstop international service. Think London-Austin, Texas, Tokyo-San Jose, California, and even Shanghai-Tijuana. Norwegian Air International Ltd., no stranger to going where others won’t, is about to try this strategy with a new, smaller Boeing jet: the 737 Max. Norwegian, which has the honour of being ...

  Bloomberg ANA Holdings Inc.’s board is considering increasing its stake to a majority holding in Peach Aviation Ltd., a move that would give Japan’s largest airline a bigger foothold in the budget travel market. ANA plans to spend about 100 billion yen ($887 million) to boost its stake to more than 50 percent from about 39 percent, making budget ...

  WARWICK / AP Low-cost carrier Norwegian Air Shuttle is promising to boost traffic at smaller airports on both sides of the Atlantic Ocean when it starts service to Europe this summer from Rhode Island, Connecticut and New York’s Hudson Valley. Norwegian announced that it’s opening new flight crew bases and plans to hire pilots and flight attendants at Rhode ...