Aviation

  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 ...

  Bloomberg Delta Air Lines Inc. boosted its offer for a stake in Grupo Aeromexico SAB to 53 pesos a share, raising the price after President Donald Trump’s election weakened the Mexican currency. The increase from the previous level of 43.59 pesos is due to “interim exchange rate movements and other factors,” the two airlines said in a statement . ...

  Dubai / Emirates Business Global technology leader Lockheed Martin is set to showcase the latest advanced technology solutions at IDEX 2017, leading defense exhibition and conference, taking place in Abu Dhabi from February 19-23. The global leader in security and aerospace will display its latest portfolio of products and solutions, from tactical aircraft to integrated air and missile defense. ...

  Bloomberg The Philippines’ largest carrier, Cebu Pacific Air, through its wholly-owned subsidiary Cebgo, recently accepted delivery of its third ATR 72-600 High Capacity aircraft. This aircraft is the first ATR 72-600 delivered for this year, bringing the airline’s total fleet to 58. The carrier also chose the lightest aircraft seats in the world, Expliseat, for all 16 aircraft, two ...