Aviation

  AFP / Reuters Iran Air said on Sunday it had finalised a contract to buy 80 planes from US firm Boeing, the official IRNA news agency reported. “Fifty of the planes are 737 and the other 30 are the long haul 777 that will be delivered to Iran Air in a period of 10 years,” said Farhad Parvaresh, chief executive ...

  Bloomberg Alaska Air Group Inc. won U.S. antitrust approval for its acquisition of Virgin America Inc., a takeover that extends years of consolidation in the industry and expands Alaska Air’s access to the lucrative cross-country market. Under an agreement with the Justice Department announced, Alaska Air must reduce the scope of a marketing accord that allows it to sell ...

  Bloomberg Global airline earnings are set to decline next year after reaching a record in 2016 as higher oil prices clip margins, according to the industry’s main trade group. Net income across the sector is likely to total $29.8 billion in 2017, the International Air Transport Association said. That’s 16 percent lower than the $35.6 billion forecast for this ...

  Bloomberg Emirates, the biggest long-haul airline, said it struck a deal to accept deliveries of A380 jets powered by Rolls-Royce Holdings Plc engines after the UK manufacturer agreed to fund measures to address performance and maintenance concerns. Dubai-based Emirates will take the first double-decker with Trent 900 engines from Rolls-Royce on December 16, two weeks later than planned, in ...

  Bloomberg Vietnam Airlines Corp. plans to lease 20 A321neo aircraft to add domestic as well as regional flights after carrying a record number of passengers in one of the world’s fastest-growing aviation markets. The Airbus planes, to be delivered starting 2018, will be used for flights within a five-hour radius, including the popular Hanoi-Ho Chi Minh City route, Chief ...

  Bloomberg Delta Air Lines Inc. passengers flying coach between New York City and California may get a treat rarely seen on U.S. flights since 2010: free meals. The airline is testing the complimentary food on flights between New York’s John F. Kennedy International Airport and Los Angeles and San Francisco, which are some of the industry’s most competitive and ...

  Bloomberg Bombardier Inc. anticipates another major order for the C Series jet next year following project-bolstering deals from Delta Air Lines Inc. and Air Canada in 2016, and may announce a smaller contract this month. The Canadian planemaker is pursuing prospects including some high-volume opportunities and would like to gain a foothold in the low-cost airline segment next year, ...

  Bloomberg Jet Airways India Ltd., the carrier part-owned by Etihad Airways PJSC, is seeking to raise about $300 million to fund expansion on international routes, people with knowledge of the matter said. Jet Airways, India’s second-largest airline by passengers, has started talks on a potential equity fundraising from investors other than Etihad, the people said, asking not to be ...

  Bloomberg Airlines in China need to hire 5,550 pilots a year for the next two decades as new plane orders and demand for air travel surges, according to Boeing Co. With the nation on course to eclipse North America as the world’s largest travel market, China will need 111,000 new aviators through 2035, Boeing said in a forecast released ...

  Bloomberg Airbus Group SE may deliver 16 A350 wide-body planes in December, or four times the monthly average so far this quarter, if the European planemaker is to meet its goal of 50 handovers for 2016 after bottlenecks at key suppliers disrupted production. Airbus dispatched four A350s in November, the same as in October, with Qatar Airways Ltd., Cathay ...