Aviation

  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 ...

  Emirates Business Qantas revealed its next generation Premium Economy seat, which will debut on the airline’s fleet of Boeing 787-9 Dreamliners from October. Wider and with more functional space overall, the new seat has a unique recline motion that provides a class-leading level of comfort. When the rear of the seat reclines, several sections shift to support your body ...

  Bloomberg BAE Systems Plc is seeking a new Eurofighter warplane order from Saudi Arabia after announcing a deal to support previous aircraft worth an estimated $10 billion. With the final four of 72 Eurofighter Typhoons already acquired by the kingdom due to be delivered this year, BAE is deepening efforts to secure a follow-on purchase, the London-based company said. ...

  Bloomberg British Airways-owner IAG SA is looking at acquiring more long-range narrow-body planes in order to open up inter-continental routes where demand is insufficient to support bigger twin-aisle jets. IAG has already ordered seven LR variants of the Airbus Group SE A321neo for trans-Atlantic services at Irish unit Aer Lingus and is evaluating plans for a wider roll-out that ...

  Bloomberg Business-jet shipments tumbled to a 12-year low last year because of slow economic growth and probably won’t rebound until 2018 when new models debut. Deliveries fell 7.9 percent last year to 661 from a year earlier, according to the General Aviation Manufacturers Association. Sales tumbled 16 percent to $18.4 billion as demand for higher-priced large and medium aircraft ...

  Bloomberg Airbus SE expects African operators to buy about 990 new planes over the next two decades to meet increasing demand for passenger and freight services on the continent. While making up only 3 percent of overall global demand, the planes will more than double the number of such aircraft on the continent, according to Airbus’ vice president for ...