Aviation

  Bloomberg Norwegian Air Shuttle ASA said it has chosen the first two U.S. bases for the trans-Atlantic flights it plans to introduce later this year using Boeing Co. 737 single-aisle planes. The discount airline will serve one airport north of New York City and another south of Boston, Chief Executive Officer Bjorn Kjos said at a briefing in Brussels. ...

  ADDIS ABABA / Reuters Ethiopian Airlines’ chief executive said that a US order temporarily halting immigration from seven Muslim-majority states was creating confusion for passengers but was not having much impact overall on its operations. Tewolde Gebremariam also said the airline’s revenue rose 10.3 percent to 54.5 billion birr ($2.43 billion) in the 2015/16 fiscal year, while passenger numbers ...

  Bloomberg Azul SA, the Brazilian airline led by JetBlue Airways Corp. founder David Neeleman, filed for an initial public offering in the U.S., following at least two previous delays because of slumping Brazilian stocks. The Sao Paulo-based airline filed Monday for a $100 million IPO, a placeholder amount used to calculate fees that may change. Proceeds from the offering ...

  Bloomberg Canada’s government will provide C$372.5 million ($282 million) in support for Bombardier Inc. to help fund two jet programs, including the C Series, the single-aisle plane that competes with Boeing Co. and Airbus Group SE products. About a third of the so-called “repayable program contributions” will go to the C Series while the rest will bolster the Global ...

  Bloomberg Etihad Airways PJSC group chief James Hogan, who is standing down as the Gulf carrier grapples with losses at European partners, detailed growth plans for 2017 while defending his strategy as one that’s attracting passengers and is here to stay. Etihad will add 12 wide-body aircraft, including two A380 superjumbos, swelling capacity in what will be “another challenging ...

  SYDNEY / Reuters Qatar Airways Chief Executive Akbar Al Baker on Tuesday said he expected US President Donald Trump would eventually relax a travel ban targeting seven predominantly Muslim countries, New Zealand media reported. The travel ban, Trump’s most controversial act since taking office last month, was halted temporarily on Friday following a ruling by a US judge, but ...

  TAICHUNG / AP Seeking to revive its long-dormant aerospace industry, Taiwan on Tuesday launched a $2.1 billion investment in the production of air force jet trainers to be designed and manufactured on the island to counter Chinese military and diplomatic pressure. President Tsai Ing-wen presided over a ceremony in the central city of Taichung to inaugurate the project, which ...

  Bloomberg Singapore Airlines Ltd., Southeast Asia’s biggest carrier, posted a 36 percent drop in third-quarter profit as passenger numbers declined and the company wrote down the value of a budget unit’s brand. Net income in the three months through December fell to S$177.2 million ($125 million) from S$274.9 million a year ago, with the drop attributed to a S$79 ...

  Bloomberg JetBlue Airways Corp. cut back on 2017 expansion plans, joining other U.S. carriers in the effort to keep the number of seats and flights in check to gain more control over pricing. The New York-based carrier is trying to catch up with larger U.S. airlines, which have been slowing growth to stanch bleeding in the closely watched measure ...

  Bloomberg Korean Air Lines Co. ended last year with a credit rating downgrade and debt-to-equity ratio approaching 1,000 percent — the worst among Asian full-service carriers. Investors of the money-losing airline face an even bleaker 2017 as a weaker won raises the cost of repaying foreign debt. The Korean currency is projected to weaken around 7 percent against the ...