Aviation

US$27 billion Airbus jet deal with Iran at stake

  Bloomberg Airbus Group SE said it’s evaluating the implications of a congressional vote that could block it and Boeing Co. from providing jets to Iran, though hasn’t given up on completing a $27 billion order announced in January. Airbus will wait to see how the US Senate and President Barack Obama respond to the House decision, Claude Brandes, its ...

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Emirates crash investigation to take up to three years

  DUBAI / Reuters The investigation into the Emirates jet crash landing at Dubai International on Aug. 3 will take two to three years to complete, the director general of the United Arab Emirates General Civil Aviation Authority (GCAA) said on Sunday. The crash was the first major accident in Emirates’ more-than-30-year history. All 300 passengers and crew safely evacuated ...

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Alaska Air nearing settlement with US on Virgin agreement

  Bloomberg Alaska Air Group Inc. is close to reaching a settlement with U.S. antitrust officials that will allow it to complete its proposed acquisition of Virgin America Inc., according to people familiar with the matter. The settlement with the Justice Department’s antitrust division should be announced by the end of November, said one of the people. The people declined ...

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Emirates mulls cheaper long-haul flights

  Bloomberg Emirates, known for luxurious planes with showers and bars, is considering adding cheaper long-distance flights in order to better fend off aggressive competition from low-cost carriers. “More and more international network carriers will be starting to move into the long-haul, low-cost market,” Emirates president Tim Clark said at a press briefing in Berlin. “That will be the shape ...

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‘Rolls-Royce’s A380 engines not up to standard’

  Bloomberg Emirates, the world’s biggest long-haul airline, said it’s unhappy with performance shortfalls afflicting $6.1 billion’s worth of Rolls-Royce Holdings Plc engines ordered to power a batch of 50 Airbus Group SE A380 superjumbos. Feedback on the Trent 900 powerplants indicates “technical issues” that need to be resolved before the first plane is delivered to Emirates next month, Tim ...

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Airbus wins $1.4bn order for 13 planes from Japan’s Peach

  Bloomberg Airbus Group SE won an order for 13 Airbus planes valued at about $1.4 billion at list prices from Japanese budget carrier Peach Aviation Ltd., making inroads in a nation where most aircraft flown come from Boeing Co. Peach signed an agreement to buy 10 A320neo aircraft and three A320ceo planes, it said in a statement Friday. The ...

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Etihad, Hong Kong Airlines expand codeshare pact

  Abu Dhabi / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, announced an expanded codeshare agreement with Hong Kong Airlines, an internationally-acclaimed Skytrax 4-star airline, to give air travellers enhanced connections between Australasia, Asia, the Middle East, Europe and North America. The two airlines have obtained regulatory approval to codeshare on nine additional routes, bringing ...

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United plans coach class with premium airfares

  Bloomberg United Continental Holdings Inc. is looking to create a more varied economy class with offerings for budget travellers, bigger spenders and those in between. The airline will begin selling its ‘basic economy’ fare in January, wooing passengers who want the cheapest tickets and are willing to forgo most other privileges. Those fliers will board last and won’t be ...

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United to halt delivery of 61 Boeing jets

  Bloomberg United Continental Holdings Inc. will defer delivery of 61 of Boeing Co.’s smallest passenger jets as the airline seeks to close its profit gap with Delta Air Lines Inc. and American Airlines Group Inc. United plans to convert the order to the larger, newer Boeing 737 Max to be delivered at an undetermined date, slowing near-term capacity growth ...

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EasyJet annual profit hit by slumping pound

London / AFP British low-cost airline EasyJet warned on Tuesday it faced further financial turbulence from a Brexit-driven slump in the pound after terror attacks and labour disputes took their toll on annual profits. Pre-tax profit tumbled by 28 percent to £495 million ($618 million, 574 million euros) in the year to September 30 compared with 2014-15 “mainly due to ...

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