Aviation

  Bloomberg TUI AG agreed on a plan to repay a chunk of its bailout package from the German government, the latest sign of the travel sector’s recovery from the coronavirus pandemic. The pickup in travel means the company can repay most of the remaining aid by the end of 2023, TUI said in a statement. The repayments will be ...

  Bloomberg Ethiopian Airlines Group wants to almost double its fleet over the next 12 years and expand its global network as Africa’s largest carrier seeks to better compete with rivals linking passengers between Asia, the Americas and Europe. The state-owned carrier — Africa’s largest airline — is looking to increase its number of planes to more than 270 by ...

  Bloomberg Thai Airways International Pcl is in talks with planemakers to add some 20 twin-aisle passenger jets, according to people familiar with the matter, as the beleaguered carrier seeks to refresh its fleet amid a travel rebound in Southeast Asia. Thai Airways held advanced discussions with Boeing Co recently about purchasing its 787-9 wide-body passenger jets, the people said, ...

  Bloomberg China’s rapid unwinding of Covid Zero restrictions has spurred a sharp recovery in the world’s biggest domestic air-travel market, throwing a lifeline to the nation’s ‘Big Three’ airlines, which have racked up billions of dollars of losses since the start of the pandemic. Domestic flight activity jumped to around 65% of pre-pandemic levels, according to Chinese aviation data ...

  Bloomberg Over 370,000 UK homes could be “at risk” from toxic pollution near airports which the government underestimated by 14,000 times, according to a University of Kent study. The research suggests small piston-powered private planes which typically run on leaded fuel are one of the UK’s single largest sources of lead pollution, amounting to 11% of the total since ...

  Bloomberg Cathay Pacific Airways Ltd is bringing back first class seating on a handful of routes, joining several other carriers in reviving their high-end offerings as air travel recovers. Cathay relaunched first class on one of its daily Hong Kong-London flights last week, with Paris to be added from January 18 and Tokyo Haneda on February 1. First-class return ...

  Bloomberg The holiday rush has crippled India’s busiest airport in Delhi, with irate passengers complaining on social media about missed flights and serpentine pre-boarding lines. Pictures posted on Twitter showed overcrowding at Delhi International Airport Ltd, with passengers grumbling about long waits for security check and mismanagement by airport staff. The government has even stepped in to help ease ...

  Bloomberg Tata Group-owned Air India Ltd is close to signing a deal with Boeing Co to buy up to 150 737 Max planes, marking the first major aircraft order after the carrier’s privatisation, the Economic Times reported, citing people it did not identify. Air India is likely to place a firm order for 50 737 Max jets with an ...

  Bloomberg Airbus Chief Executive Officer Guillaume Faury warned that European aerospace suppliers are starting to move to the US to escape surging energy costs and urged governments to provide tax breaks to halt the flow. Some German companies, for example in the chemicals sector, have already decided to relocate, while in France there’s more of a “wait and see” ...

  Bloomberg American Airlines Group Inc and JetBlue Airways Corp plan to expand domestic and short-haul international flying next year under a partnership that US antitrust officials are seeking to dissolve. The expansion to 10 new cities, if it goes through as planned, will bring the carriers’ Northeast Alliance to 500 daily departures across New York’s three major airports, and ...