Bloomberg Avianca Brasil, one of the airlines controlled by Jose and German Efromovich, is seeking to sell an ownership stake of as much as 20 percent for more than $150 million, said a person with direct knowledge of the matter. The carrier hired UBS Group AG to advise on the potential transaction and the sale process has started, said ...
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EasyJet appoints board member as COO amid cost-cutting
Bloomberg EasyJet Plc appointed Christine Browne, a former executive at tour operator TUI AG’s airline division, as chief operating officer amid efforts to reduce costs and ride out turmoil across the European market that’s eating into the discount carrier’s profit. Browne, 56, will leave a non-executive post on EasyJet’s board to take up her new position as of Oct. ...
Read More »Air France workers on trial over ripping off bosses’ shirts
AP Fifteen current and former Air France workers went on trial on Tuesday for alleged violence during a union protest last year at the airline’s headquarters that saw two company executives flee over a fence with their shirts ripped off. The incident, caught on camera, was a high-profile example of the often strained relations between French workers and their ...
Read More »Airlines ‘pollution plan’ could cost sector $24bn
Bloomberg The aviation industry is supporting a United Nations proposal to limit pollution from international flights even though the measure may eventually cost companies $24 billion annually. Trade groups representing United Continental Holdings Inc., Boeing Co. and other industry leaders are pushing nations to join the agreement, which would require companies to offset their emissions growth by funding environmental ...
Read More »Southwest Air flight attendants to vote on proposed contract
Bloomberg Southwest Airlines Co.’s 14,500 flight attendants will decide whether to approve a tentative contract agreement following “intense discussion and debate†by leaders of their union. The board of Transport Workers Union Local 556 voted Friday to send the pact to members after two days of deliberation, the labor group said in a statement posted Friday on its website. ...
Read More »Mitsubishi test jet takes off on third attempt to reach USA
Bloomberg Mitsubishi Aircraft Corp., the builder of Japan’s first home-made passenger jet, said a test aircraft took off on its third attempt to fly to the U.S. Monday after aborting flights last month due to problems with air-conditioning sensors. The jet left Nagoya airport at 1:28 p.m. today, said Kenichi Takemori, a Nagoya-based spokesman for Mitsubishi Heavy Industries Ltd., ...
Read More »EU risks billions in sanctions as WTO faults Airbus support
Bloomberg The European Union failed to eliminate subsidies to planemaker Airbus Group SE that were previously found to violate trade rules, the World Trade Organization said in a ruling that opens the door to billions of dollars in sanctions against Brussels. The finding by a WTO compliance panel Thursday strikes a blow to the EU in a long-running dispute ...
Read More »Hawaiian Air mulls role for A380 Superjumbo
Bloomberg Hawaiian Airlines is waiting to see whether six A330neo jetliners ordered from Airbus will enable it to begin service to Europe. The U.S. carrier also is looking at adding more routes to China and the eastern U.S., and examining whether it should consider acquiring the A380 superjumbo, according to its chief executive officer. Flights to London are a ...
Read More »Southwest sees 10 max jets in fleet before first flights in 2017
Bloomberg Southwest Airlines Co. expects to take delivery of 10 of the latest version of Boeing Co.’s 737 before it begins flying the aircraft commercially next year, a consequence of the plane’s smoother-than-expected development. The airline is still discussing a delivery schedule for the Max 8 with Boeing and plans to take the planes by late August or early ...
Read More »French jet deal highlights obstacles for foreign firms
New Delhi / AFP The less-than-supersonic sale of French Rafale fighter jets to India has highlighted the obstacles facing foreign arms firms seeking to do business with the world’s biggest weapons importer. India has signed a series of key defence deals under Prime Minister Narendra Modi as part of a $100 billion upgrade of its Soviet-era military hardware, making ...
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