Bloomberg British Airways parent IAG SA and its largest shareholder Qatar Airways agreed to set up a joint business that will see them code-share on flights linking dozens of destinations while operating a joint timetable and sharing revenue and costs on services between London and Doha. The deal, which comes into effect on Oct. 30, will see British Airways ...
Read More »Aviation
Japan’s new passenger plane completes flight
Bloomberg Mitsubishi Aircraft Corp., the builder of Japan’s first domestically made passenger jet, said its first test aircraft arrived in the US after two aborted attempts last month, ready to start certification testing. The plane arrived at Grant County International Airport at Moses Lake, Washington, at 5:44 p.m. local time from Anchorage, said Reiko Iechika, a spokeswoman for the ...
Read More »â€˜Brexit set to weigh on profit for four years’
Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary said the fallout from Britain’s decision to quit the European Union will weigh on the discount carrier’s profit for as long as four years. The process of the UK negotiating its way out of the bloc, which could take two to four years, is set to depress yields, a measure ...
Read More »Air Berlin to halve airline fleet
AFP Air Berlin Plc announced the most sweeping job cuts in almost 40 years of flying in a bid to rescue its ailing business, slashing its fleet by half as 40 jets are leased to arch-rival Deutsche Lufthansa AG and 35 others are deposited in a new tourism arm with an uncertain future. About 1,200 of 8,650 staff may ...
Read More »Delta mulls $2.3bn plane purchase for regional fleet
Bloomberg Delta Air Lines Inc. is studying a purchase of roomier regional jets with a list value of as much as $2.3 billion — provided the company can get the pilots’ union to accept an overhaul of the small-plane fleet. The Atlanta-based carrier told the Air Line Pilots Association it wants the option of adding as many as 50 ...
Read More »American to clear flight, crew merger integration hurdle
Bloomberg American Airlines is poised to clear one of the final major hurdles in the integration of US Airways on Oct. 1 when it meshes the flight operating systems of both carriers in a move that travelers shouldn’t notice. The change will unify 15,000 American, US Airways and America West pilots into one workforce and remove barriers that tied them ...
Read More »Corporate pilots skip safety checks on 18% of flights
Bloomberg Corporate pilots routinely take off without performing required safety checks, a study of thousands of flights by a trade group has found. Prompted by the 2014 crash of a corporate jet that killed billionaire Lewis Katz, which occurred after pilots neglected to ensure their flight controls worked, the National Business Aviation Association discovered that similar lapses are common. ...
Read More »Air Berlin close to geting lifeline from Lufthansa
Bloomberg Deutsche Lufthansa AG is nearing an agreement to operate airplanes now flying under the Air Berlin Plc banner, according to two people with knowledge of the matter, letting Lufthansa bolster its discount flights as Air Berlin cuts back its routes. Lufthansa’s supervisory board on Wednesday will review a plan to let its Eurowings low-cost arm use about 40 ...
Read More »Avianca Brasil to target sale of 20% stake for $150mn
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 ...
Read More »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 »