Aviation

  Bloomberg Air France-KLM Group Chief Executive Officer Jean-Marc Janaillac delivered a downbeat assessment of the carrier’s prospects for 2017, saying it faces ‘difficult’ times in the year ahead amid rising oil prices and an ongoing struggle to rein in expenses. Weak margins combined with high debt remain the greatest challenges to Europe’s biggest airline, Janaillac said in an address ...

  Bloomberg Boeing Co. won a $22 billion deal from budget carrier SpiceJet Ltd., notching the planemaker’s largest-ever order from an Indian airline and strengthening its hold in a market dominated by Europe’s Airbus Group SE. The order includes 100 of Boeing’s 737 Max single-aisle jets and renegotiated terms for 55 previously ordered aircraft, SpiceJet said in a statement. The ...

  Bloomberg Ryanair Holdings Plc’s pessimism about the impact of last year’s Brexit vote on the UK economy appears to have eased, with the Irish company planning to add nine new routes from London’s Stansted airport this summer and deploy a dozen more aircraft across the country. Europe’s biggest discount airline will serve Copenhagen three times daily and Naples daily, ...

  Bloomberg United Continental Holdings Inc. expects to cut some management employees as it deepens efforts to reduce bureaucracy and catch up with the profit margins of industry leader Delta Air Lines Inc. The third-largest US carrier will “continue to finalize the remainder of our management team” after overhauling its roster of corporate officers last year, according to a memo ...

  Bloomberg United Airlines plans to fly its last Boeing Co. 747 jumbo jet late this year, retiring its largest airplanes a year ahead of schedule as the iconic aircraft glides into the sunset. The decision marks the end of an era for US airlines, which have relied on the humpbacked 747 to bring jet travel to a mass consumer ...

  Bloomberg Airbus Group SE booked 320 jetliner orders in December alone to rack up 731 sales for the year, extending its backlog and beating Boeing Co. In the last month of 2016 Airbus sold 98 new planes to Iran Air and 72 to Go Airlines India Pvt., while two other transactions saw 132 narrow-bodies purchased by buyers whose identities ...

  Reuters Airbus has finalised an agreement to sell more than 60 jets to Saudi Arabian budget carrier flynas, according to industry sources, a move that could help the European planemaker keep ahead of Boeing in the annual race for new orders. The order from flynas, partly owned by Saudi billionaire Prince Al Waleed bin Talal’s investment vehicle, is expected ...

  Bloomberg Airbus Group SE won an order for 35 A320-series jets from US leasing firm Aviation Capital Group, marking its first sale of 2017. The contract with Aviation Capital, a unit of Pacific Life Insurance Co., is for 30 A320neo planes, the re-engined version of Airbus’s single-aisle workhorse, together with two original A320 variants and three larger A321s. That ...

  Emirates Business Musafir.com, the UAE’s first Online Travel Agency (OTA), on Tuesday announced the appointment of Rajesh Pareek as its new Group CEO, as the company gears up for its first major round of business financing. Rajesh joins the company from Dubai International Financial Centre (DIFC), where he hadserved as Chief Financial Officer from January 2011 to December 2016. ...

  Bloomberg Deutsche Lufthansa AG and British Airways parent IAG SA closed in on Air France-KLM Group at the top of Europe’s airline rankings in 2016 as passenger traffic at the Paris-based carrier was dented by pilot strikes and sluggish demand amid a spate of terrorist attacks. Lufthansa’s traffic, or the number of customers carried multiplied by the distance flown, ...