Aviation

  Bloomberg Colombia’s Avianca Holdings SA and Avianca Brasil, the two airlines controlled by the Efromovich brothers, are seeking separate international partners while maintaining a long-term goal of merging, Jose Efromovich said. “We are under confidentiality agreements’’ and many companies have shown interest, Efromovich, the chairman of Avianca Brasil, said in an interview in Sao Paulo. “We are looking for ...

  Singapore / AFP Global airlines are expected to post record profits of almost $40 billion this year, the head of industry body IATA said on Thursday, but he warned the sector faced threats from terrorism, a sharp rise in oil prices and protectionism. Alexandre de Juniac, who took the reins at the International Air Transport Association on September 1, ...

  Bloomberg IndiGo, India’s biggest airline, will buy 20 Airbus Group SE A321neo jets instead of smaller A320neos as planned, as carriers increasingly opt for planes that can transport more passengers and fly longer distances. “IndiGo has converted 20 A320neo aircraft into A321neo,” the Gurgaon, India-based company said in an e-mailed response to questions, without providing further details. The carrier’s ...

  Bloomberg Colombia’s Avianca Holdings SA and Avianca Brasil, the two airlines controlled by the Efromovich brothers, are seeking separate international partners while maintaining a long-term goal of merging, Jose Efromovich said. “We are under confidentiality agreements’’ and many companies have shown interest, Efromovich, the chairman of Avianca Brasil, said in an interview in Sao Paulo. “We are looking for ...

  Colombo / AFP Sri Lanka’s cash-strapped national carrier is in talks to lease some of its new Airbus aircraft to Pakistan and Iran to reduce a $1 billion loss, a minister said. State Enterprise Development Minister Kabir Hashim said SriLankan Airlines was about to conclude a deal with Pakistan International Airlines (PIA) to lease out one Airbus A330. “The ...

  Bloomberg FedEx Corp., owner of the world’s largest cargo airline, raised its full-year profit forecast as continued growth in e-commerce deliveries helped push earnings for the fiscal first quarter ahead of analysts’ estimates. Higher yields on air and ground shipments and rising package volumes bolstered quarterly results, the courier said in a statement Tuesday. FedEx continued to benefit from ...

  Bloomberg An India ministerial panel is said to have approved the purchase of 36 new fighter jets made by France’s Dassault Aviation SA, concluding a major step in its decade-long quest to modernize the country’s air force. The Cabinet Committee on Security, which includes the prime minister, defense, foreign and finance ministers, has cleared the deal worth 8 billion ...

  Bloomberg British discount airline Jet2 will station six new Boeing Co. 737-800 jetliners at London Stansted airport, opening its first base outside the northern U.K. and taking on Ryanair Holdings Plc in its own backyard. The move will see Jet2 serve 21 European leisure destinations, with the first flights commencing March 30, putting it on a par with EasyJet ...

  Bloomberg A flight-sharing partnership between Delta Air Lines Inc. and Korean Air Lines Co. could transform into a joint venture, the US carrier’s Chief Executive Officer Ed Bastian said. The code-share agreement between the two operators “could lead to deeper relationship” with the possibility of becoming a joint venture, Bastian said at an event in Atlanta, where Delta is ...

  Bloomberg Airbus announced on Wednesday that the U.S. government has granted it a license to sell the first 17 airplanes involved in a landmark deal with Iran made possible by last year’s nuclear agreement. The announcement comes as Iranian leaders and U.S. officials are gathered this week in New York for the United Nations General Assembly and serves as ...