Aviation

Bloomberg Capital A Bhd’s AirAsia Aviation Group plans to start a low-cost airline in Cambodia, as tycoon Tony Fernandes reorganises his network following the collapse of a joint venture in Japan and sale of an India affiliate. The airline aims to begin operations late next year after receiving regulatory approvals, Capital A said in a statement. In a subsequent interview ...

  Bloomberg Airfares will increase around the world next year, by as much as 12% on Europe-Asia routes and 10% for North America-Asia flights, according to American Express Global Business Travel (Amex GBT). Asia, which was slower to lift Covid travel curbs, is set for some of the biggest changes as demand swells, Amex GBT said in its Air Monitor ...

  Bloomberg Britain’s aviation regulator delayed a decision on fee hikes at London Heathrow airport as it evaluates how a UK recession and rising interest rates are likely to impact travel demand. An interim charge of £31.57 ($38) per passenger should be applied from February through the rest of 2023 pending a final ruling on a five-year charging structure, the ...

Bloomberg JetBlue Airways Corp is walking away from the purchase of carbon offsets for its domestic flights in 2023, instead opting to step up its investment in and use of sustainable aviation fuel (SAF). The carrier disclosed the shift as part of a wider commitment to reducing lifecycle greenhouse gas emissions from jet fuel by 50% per revenue ton kilometre ...

  Bloomberg Southwest Airlines Co said it would reinstate its dividend following a pause of more than two years, becoming the first major US carrier to resume the shareholder payouts after they were suspended during the pandemic as a condition of receiving government aid. Southwest’s board approved a quarterly dividend of 18 cents a share to be paid on January ...

  Bloomberg China Aircraft Leasing Group Holdings Ltd (Calc) is considering selling some of its assets outside greater China that could raise about $3 billion in a transaction, according to people familiar with the matter. The Hong Kong-listed company is looking to divest around 40 aircraft and approximately 180 aircraft production slots, said the people, who asked not to be ...

  Bloomberg India has proposed curbing the import of private jets and helicopters as the South Asian nation seeks to plug a widening trade deficit, according to a document from the country’s aviation ministry seen by Bloomberg. Any import of planes weighing more than 15,000 kilograms (33,100 pounds) unladen as well as turbo jets are also “non-essential” and shouldn’t be ...

  Bloomberg French prosecutors won’t seek convictions of Airbus SE and Air France-KLM’s French unit over the deadly crash of a plane in the Atlantic en route from Brazil to Paris more than a decade ago. Both the planemaker and airline are standing trial for involuntary manslaughter, but the prosecutor’s office said it’s “not in a position” to request conviction, ...

  Bloomberg Almost a year has passed since India’s biggest conglomerate bought Air India Ltd, promising to turn it into a world-class airline. Reviving the carrier and winning over passengers won’t be easy. A run of 15 years without profit has taken its toll. While Air India remains a high-profile operator in one of the world’s biggest aviation markets, customer ...

  Bloomberg Airbus SE abandoned its delivery target for this year after supply-chain disruptions ripping through the industry proved too severe to overcome for the world’s biggest planemaker. The European manufacturer moved away from a goal to hand over 700 planes, while saying that it won’t fall “materially short” of the guidance. As of the end of November, Airbus had ...