Bloomberg The decision by American Airlines Group Inc.’s chief executive officer to skip an industry meeting with President Donald Trump is drawing criticism from the carrier’s pilots union. CEO Doug Parker’s failure to attend has “shaken our confidence†in his judgment, Dan Carey, president of the Allied Pilots Association, said in a statement Friday. “For our airline’s CEO to ...
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Fare killer Ryanair lets go of its American dream
Bloomberg For at least a decade, Ryanair Holdings Plc CEO Michael O’Leary dreamed about coming to America, bringing the Irish carrier’s insanely low fares to the other side of the pond. Expand west to the largest aviation market. Price the cheapest seats at $10. Offer business class up front for those willing to pay. A leader among ultra low-cost ...
Read More »Boeing wins $13.8 billion deal from Singapore Air
Bloomberg Boeing Co. won orders for 39 wide-body aircraft from Singapore Airlines Ltd. as Southeast Asia’s biggest long-distance carrier upgrades its fleet over the next decade with more fuel-efficient models in an effort to cut costs. The airline agreed to buy 20 777-9s, which are set to debut at the decade’s end, and 19 787-10s, the longest Dreamliner model, ...
Read More »Norwegian Air picks US bases for single aisle Europe trips
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. ...
Read More »Ethiopian Airlines revenues rise
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 ...
Read More »Brazil airline Azul files for US initial public offering
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 ...
Read More »Bombardier’s marquee jets get $282mn Canada boost
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 ...
Read More »Etihad CEO defends strategy as airline grows wide-body fleet
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 ...
Read More »Qatar Airways CEO expects Trump’s travel ban to be relaxed
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 ...
Read More »Taiwan to revive aerospace fortunes with jet trainers
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 ...
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