Aviation

  Bloomberg Bombardier Inc. expects that business-jet sales could rebound as soon as the second half, getting a boost from U.S. demand as the economy gains traction. “We are confident that we are at the bottom or close to the bottom. Moving forward, it should be better,” Chief Executive Officer Alain Bellemare said in a telephone interview Thursday. “I don’t ...

  Bloomberg Boeing Co. and Space Exploration Technologies Corp. won’t be certified this year to send astronauts to space and may be delayed into 2019 because of potential safety hazards, according to US investigators. Boeing parachute systems haven’t been adequately evaluated and SpaceX engine turbines have cracked during testing, the Government Accountability Office said in a report Thursday that outlined ...

  Bloomberg Boeing Co. and Saab AB, competing for $25 billion in fighter jet orders in India, said the country stands a better chance of securing local manufacturing if its air force and navy join forces. Combining the two orders would give the makers enough scale to set up a local assembly line that Prime Minister Narendra Modi has been ...

  Bloomberg Air France-KLM Group reported a 35 percent earnings increase for 2016 and said it will boost passenger capacity this year in an effort to win back the initiative in the lucrative long-haul market. Operating profit increased to 1.05 billion euros ($1.1 billion) from 780 million euros in 2015, helped by a lower fuel bill and productivity gains at ...

  Bloomberg India is reviving a three-decade-old plan to build its first passenger aircraft as the South Asian country struggles to join an exclusive club of Asian nations that have advanced far ahead in creating their own home-made jets. A 14-seat aircraft, called Saras, is undergoing preliminary tests, Jitendra Jadhav, director of Council of Scientific and Industrial Research at state-controlled ...

  Bloomberg Austria is seeking as much as 1.1 billion euros ($1.16 billion) from Eurofighter Jagdflugzeug GmbH and its main shareholder, Airbus Group SE, after a probe concluded the companies deceived the government in a 2003 purchase of fighter jets. The Austrian Defense Ministry’s five-year investigation into the 1.96 billion-euro contract found that Eurofighter knew it wouldn’t be able supply ...

  Bloomberg Sikorsky Aircraft Corp., a unit of Lockheed Martin Corp., is in talks with startup airlines in India to sell its small, twin-turboprop M28 planes as Prime Minister Narendra Modi seeks to boost air travel in remote parts of the country with subsidies. The company, known for its helicopters, has offered to build the passenger planes in India if ...

  Bloomberg Deutsche Lufthansa AG, competing with the Middle East’s biggest carriers to carry Indian international traffic, said it will seek to expand ties with Jet Airways (India) Ltd., which will help its customers get access to more connecting flights in the South Asian country. Lufthansa, which is deepening its partnership with Etihad Airways PJSC, connects Germany with five Indian ...

  Bloomberg Asky Airlines plans to extend its route network to Paris and Johannesburg from its home region of West Africa as the carrier part-owned by Ethiopian Airlines seeks to increase passenger numbers and revenue. The airline plans to start direct flights between the French capital and its hub in Lome, the capital of Togo, this year or next, Chief ...

  Bloomberg Rolls-Royce Holdings Plc Chief Executive Officer Warren East said the struggling aircraft-engine manufacturer will deepen costs cuts and restructure or sell the weakest parts of its business after profit dropped by almost half in 2016. While around 80 percent of activities are in ‘a reasonably strong position in an attractive market,’ the rest are on less solid ground ...