Aviation

SpiceJet says $85bn plane orders still not enough

  Bloomberg India’s airlines have ordered about 850 planes valued at about $85 billion in recent years. SpiceJet Ltd., a budget carrier, says that’s still not enough to meet demand. SpiceJet, which last month ordered as many as 205 Boeing Co. jets worth $22 billion, is being rather conservative with its purchases, the carrier’s chairman Ajay Singh told a Bloomberg ...

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SpaceX aborts approach to space station

  AP A navigation error has forced SpaceX to delay its shipment to the International Space Station. SpaceX’s supply ship, the Dragon, was less than a mile from the orbiting outpost Wednesday when a problem cropped up in the GPS system. The approach was aborted, and the Dragon backed away. NASA says neither the station nor its six-person crew was ...

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Air France plans to fight budget rivals on costs

  Bloomberg Air France pilots approved the carrier’s plan to carve out a new, lower-cost business to counter increasing pressure from rivals, marking a rare agreement with workers after years of contentious labor relations at the carrier. Flight-deck employees represented by the SNPL union, who account for two-thirds of pilots at the French arm of Air France-KLM Group, voted 58.1 ...

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Boeing chief builds cozy relationship with Trump

  Bloomberg Few companies have been as successful as Boeing Co. in building a cozy relationship with President Donald Trump. The question is how close is too close. The company found itself in an awkward position this week after Bloomberg reported that Chief Executive Officer Dennis Muilenburg had listened in on a phone call last month between Trump and the ...

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SpaceX launches supply rocket from historic Apollo pad

  Bloomberg Elon Musk’s Space Exploration Technologies Corp. successfully launched its second rocket in as many months, bringing it a 10th of the way to its goal of deploying 20 to 24 rockets this year. The Falcon 9 rocket that launched SpaceX’s Dragon spacecraft separated minutes after liftoff and landed upright on Earth in its designated area. SpaceX expects to ...

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Boeing’s fortunes shine as Trump warms to value of Ex-Im bank

  Bloomberg After a rocky start, Boeing Co. Chief Executive Officer Dennis Muilenburg appears to have gained the ear of President Donald Trump. The US planemaker was one of Trump’s first post-election corporate targets, and a tweet about soaring Air Force One costs briefly tanked the company’s shares in December. But the Twitter tirade also gave Muilenburg an opening to ...

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SpaceX halts rocket launch 10 seconds before planned liftoff

  Bloomberg Elon Musk’s Space Exploration Technologies Corp. halted the launch of its second rocket in as many months on Saturday, about 10 seconds before its scheduled liftoff. “All systems go, except the movement trace of an upper stage engine steering hydraulic piston was slightly odd. Standing down to investigate,” Musk said in a Twitter post. The rocket, which was ...

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American Air’s pilots vote no-confidence in CEO, executives

  Bloomberg The leaders of American Airlines’ pilot union voted no-confidence in Chief Executive Officer Doug Parker, citing pay and scheduling problems, delays in implementing their full contract and a “toxic” company culture. “The straw that broke the camel’s back was Parker skipping last week’s meeting with President Trump and other airline industry executives at the White House,” the Allied ...

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Air Canada’s plan of attack flies over United States

  Bloomberg When it comes to maintaining domestic air superiority, US carriers have been shaking their fists at Persian Gulf airlines that have rapidly increased their American presence. Yet there’s another threat that may be growing in their own backyard—or more precisely, just north of it. Air Canada has been around for 80 years, but only recently sought to parlay ...

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Air Canada tumbles after pricier fuel saps profit forecast

  Bloomberg Air Canada dropped the most in seven months after the country’s largest airline said rising fuel costs would cause a key profit measure to fall by half in the first quarter. The forecast implies earnings before interest, taxes, depreciation and aircraft rent of C$250 million ($190 million) in the first quarter, trailing the C$366 million estimated by Fadi ...

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