Aviation

  Bloomberg Standard & Poor’s (S&P) downgraded Rolls-Royce Holdings Plc’s credit rating to three levels above junk after factoring in 670 million pounds ($836 million) in fines for bribery and corruption charges. The aircraft engine-maker’s long-term investment rating has been downgraded to BBB+ from A-, S&P said in a statement, cautioning that a new mandatory accounting system could weigh on ...

  Bloomberg The European Union will propose extending an exemption on foreign flights from its carbon market until 2020 after nations worldwide reached a historic deal last year to introduce a global system to curb the growth of emissions from airlines. The European Commission, the EU’s regulatory arm, will probably present a draft law on Feb. 3 sparing carriers, ranging ...

  Abu Dhabi / Emirates Business The Etihad Aviation Group Board of Directors on Tuesday announced that James Hogan will step down as President and Chief Executive Officer of the company in the second half of 2017. The Board and Hogan first initiated the transition process last year with the formation in May of the Etihad Aviation Group, a diversified ...

  Dubai / Reuters Dubai International Airport remained the world’s busiest for international passengers in 2016, as existing markets grew and new routes were launched, the airport’s operator said. Annual traffic rose 7.2 percent to 83.6 million passengers in 2016 from a year ago, the operator said in a statement on Tuesday. It was Dubai airport’s second slowest annual growth ...

  Bloomberg EasyJet Plc shares fell the most in almost four months after the company said a weaker pound in the wake of the Brexit referendum and higher fuel costs would weigh on full-year earnings more than expected. Shares of Europe’s second-biggest discount airline dropped as much as 9 percent, and were 8.7 percent lower at 982 pence in London ...

  Dubai / Emirates Business GI Aviation, the newest name to enter the private air charter market in the UAE, is now open for bookings following the award of its GCAA Air Operator’s Certificate in December 2016. Several demo flights from its Al Bateen Executive Airport, Abu Dhabi home have been performed and recently, the privately-owned company showcased its first ...

  Bloomberg Mitsubishi Heavy Industries Ltd. announced a fifth delay in handing over Japan’s first locally made passenger jet to airlines and about a 30 percent jump in development costs, raising concerns about winning new orders for the single-aisle plane. Launch customer ANA Holdings Inc. will get the jet in 2020, two years later than the current estimate, Mitsubishi said ...

  Reuters Emirates is to start flying to the United States with a stop for passengers in Greece, its second so-called fifth freedom flight and a move that could anger US competitors who accuse it of competing unfairly through state subsidies. The world’s largest long-haul airline said on Monday it would start daily flights to New Jersey’s Newark Liberty International ...

  AP Thick fog has caused numerous flight delays and cancellations at London Heathrow and other area airports. Travellers were advised on Monday to check their flight status before going to the airport after roughly 100 flights were cancelled and many more were delayed. The Met Office forecasting service said visibility at Heathrow had been reduced to roughly 100 meters ...

  Bloomberg United Continental Holdings Inc. lifted a halt on domestic flights, ending a disruption that was caused by a computer failure. “We have resolved the issue and flights are resuming,’ Maddie King, a spokeswoman for the Chicago-based carrier, said by e-mail. “Customers may experience additional delays as we work to get flights out this evening. We apologize for the ...