Aviation

  AP The ship involved in the recently halted hunt for Malaysia Airlines Flight 370 returned to port in western Australia on Monday, where officials from the countries that funded the fruitless search gathered to thank them and to defend their decision to end the hunt despite recommendations from investigators that it continue. Transport officials from Australia, Malaysia and China ...

  Abu Dhabi / Emirates Business Etihad Airways announced four additional weekly flights on the popular Abu Dhabi – Malé route, increasing frequency to the idyllic Maldives to 11 services a week between July 1 and September 17. The capacity increase will cater to high demand during the peak summer season. The announcement comes as the Abu Dhabi-based airline completed ...

  Bloomberg The unprecedented jetliner shopping spree that’s spanned more than a decade is drawing to a close. That’s bad news for Boeing Co. and Airbus Group SE, which face slowing jet sales and the highest level of airplane-delivery deferrals in at least 15 years. Unlike past retrenchments triggered by terrorism or recession, demand has also been hurt by the ...

  Bloomberg Turkey’s Pegasus Airlines is accelerating a shift to more fuel-efficient A320neo planes ordered from Airbus Group SE as a spate of terrorist attacks in the country hurts demand and curbs revenue. The low-cost carrier, owned by Istanbul-based private equity firm Esas Holding AS, will start selling older Boeing Co. 737 jets following Turkey’s worst year for tourism in ...

  Bloomberg New York’s Idlewild Airport opened in the summer of 1948 on a former golf resort. This outpost at the southeastern edge of New York City became an aviation marvel in the late 1950s as several big airlines opened terminals with cutting-edge technology aimed at enhancing the passenger experience. “Its every feature bespeaks speed and function,” Life magazine wrote ...

  TOULOUSE / Reuters Turboprop maker ATR has completed commercial negotiations with IranAir for the sale of at least 20 aircraft and expects to be able to sign a contract very soon, the head of the Franco-Italian aircraft maker said. The deal will come after Iran, which had not directly purchased a Western-built plane in nearly 40 years, signed contracts ...

  Bloomberg Cathay Pacific Airways Ltd. shares dropped the most in three months after the carrier’s planned business revamp fell short on details, failing to soothe investor concerns over a slide in earnings. Changes at Asia’s biggest international airline “will start at the top” and the carrier will eliminate some positions as part of a review, with key changes taking ...

  Bloomberg American Airlines Group Inc. followed United Continental Holdings Inc. in announcing no-frills tickets that limit carry-on bags to those that fit under a seat, bolstering efforts to compete with fast-growing fare discounters. The new basic-economy tickets will go on sale Feb. 10 in select domestic markets, and the first flights will begin soon after, the Fort Worth, Texas-based ...

  Bloomberg Aircraft-engine maker Safran SA agreed to buy plane-seat supplier Zodiac Aerospace SA for almost 10 billion euros ($10.5 billion) in an all-French deal that will unite two of the country’s biggest aerospace groups. Safran will offer 29.47 euros per share in cash, 26 percent above Wednesday’s close, the companies said on Thursday. If half of Zodiac’s equity is ...

  Bloomberg Ryanair Holdings Plc could cease flights within Britain once the country leaves the European Union, rather than take steps to comply with new regulations. As an Irish company, Europe’s biggest discount carrier could require a UK air operating certificate, or AOC, in order to continue domestic services there once Brexit is implemented, Chief Financial Officer Neil Sorahan said. ...