Aviation

  Bloomberg AirAsia Bhd. expects to sell its aircraft-leasing unit as early as December as the largest customer for Airbus Group SE’s single-aisle jets aims to net as much as $1 billion from the transaction and pare debt. Proceeds from the sale may be used to reduce debt or pay a dividend, Group Chief Executive Officer Tony Fernandes said in ...

  Bloomberg Southwest Airlines Co. and its pilots union agreed on the basics of a contract that will increase pilot pay and retirement benefits and enable the carrier to enter international marketing agreements and fly the latest model of the Boeing Co. 737. Final wording on the contract terms is expected to be negotiated by the end of this week, ...

  Bloomberg The first regular commercial flight in more than 50 years from the US to Cuba departed Fort Lauderdale on Wednesday — the latest step in the post-Cold War thaw between the two nations. JetBlue Flight 386 took off from the airport in southeastern Florida shortly after 10:00 am (1400 GMT) with 150 passengers on board. After less than ...

  Bloomberg Mitsubishi Aircraft Corp. said it’s sticking to the schedule of handing over its first plane in 2018 after issues with the jet’s air conditioning ventilator this weekend grounded the plane from further test flights. Mitsubishi is working with United Technologies Corp., which makes the aircraft’s air conditioning, to fix the problem, the Japanese company’s spokesman Yuji Sawamura said ...

  DALLAS / AP The president and No. 2 executive at American Airlines has left the company and taken the same job with rival United Airlines. United Continental Holdings Inc. said that Scott Kirby has been named president and will oversee operations, sales and other duties. Kirby, 49, was often seen as a likely successor to American Airlines Group Inc. ...

  Bloomberg ANA Holdings Inc. will have to replace some Rolls-Royce Holdings Plc engines on its Boeing Co. Dreamliners, after issues with the power plants kept disrupting services at the world’s biggest operator of the 787 aircraft. The Japanese carrier will prioritize replacement in some aircraft, while Rolls-Royce develops a version of the blades used in the power plants, ANA ...

  Bloomberg China’s three biggest airlines are poised to report losses totaling 8.5 billion yuan ($1.3 billion) from currency swings this year as a weaker yuan proves a drag amid rising traffic and cheaper fuel. The silver lining: The losses are narrowing. Flagship carrier Air China Ltd. may face 3 billion yuan in foreign-exchange losses, while China Southern Airlines Co., ...

  AFP Qatar’s international airport said on Monday it is to charge passengers an exit tax as the energy-reliant emirate adjusts to falling oil prices. The 35-riyal ($10) levy is to be introduced this week, Hamad International Airport (HIA) said in a statement. The fee, to be added to airline ticket prices, will apply to tickets issued on or after ...

  Bloomberg South African Airways (SAA) is seeking 16 billion rand ($1.1 billion) in long-term funding that the unprofitable government-owned carrier said will be used for working and capital expenditure and to help manage outstanding debt. The airline will need to access the funding two weeks after the signing of loan documentation, SAA said in a request for proposals from ...

  Bloomberg ANA Holdings Inc., which has cancelled more than a dozen Dreamliner flights since last week, found broken turbines on three 787 planes with Rolls-Royce Holdings Plc engines as part of its investigation into the motors of the Boeing Co. planes. The broken turbine parts damaged other sections in the engine when they snapped off, Maho Ito, a spokeswoman ...