Aviation

  Bloomberg Spain’s Nazca Capital is weighing a sale of its private-jet operator Gestair after merging the business with a competitor last year, people familiar with the matter said. Gestair, which manages executive aircraft and runs chartered flights, could attract interest from aviation companies and other buyout firms in a sale, the people said, asking not to be identified because ...

  Bloomberg Qantas Airways Ltd. shareholders have cheered Chief Executive Officer Alan Joyce’s efforts to turn around the marquee Australian carrier, helping the stock more than triple in under three years. Now they want to see a roadmap for reinstating dividends. Australia’s biggest airline, which has withheld dividends for seven years, is expected to announce Wednesday record annual profit because ...

  Emirates Business All of its commercial and business activities are now carried out in the second floor of the plush Sharaf Building owned by the Sharaf Group, who has also been SriLankan Airlines’ General Sales Agent in Dubai since June 1. Some of the dignitaries that graced the occasion were –Mr.Charitha Yattogoda, Consul General for Sri Lanka in Dubai, ...

  Bloomberg Airline miscues — such as the computer glitches that grounded hundreds of thousands of passengers this summer — are now the biggest cause of flight delays in the US Late arrivals triggered by mechanical breakdowns, a lack of flight crews and other factors attributed to the airlines were the largest category of delay last year for just the ...

  Bloomberg Delta Air Lines Inc. offered its 13,000 pilots a raise of about 27 percent over four years, significantly less than what the employees have proposed in contract talks that have lingered since the beginning of the year. The carrier’s proposal was disclosed in a letter to pilots from John Malone, chairman of the Delta chapter of the Air ...

  Emirates Business British Airways is offering students and teachers travelling overseas for the new school term up to 10 percent discount on advertised fares, one additional piece of checked baggage and flexibility on date changes to ticket bookings. The benefits are currently available for all students and teachers flying in World Traveller with British Airways from the United Arab ...

  Bloomberg United Airlines Chief Executive Officer Oscar Munoz filled a top finance spot that had been vacant for 12 months and replaced the longtime chief revenue officer, bolstering his management team almost a year after taking the helm. Andrew Levy, 47, was named chief financial officer, joining the third-largest US carrier from discounter Allegiant Airlines, United Continental Holdings Inc. ...

  Bloomberg When Hilton Sturisky joined Spirit Airlines as chief information officer two years ago, the discount air carrier was weeks away from running out of data storage space and costs were getting “out of control.” So he opted to move to what are called hyperconverged systems that combine server, storage and virtualization software in a single machine. In a ...

  Bloomberg CIT Group Inc. climbed in New York trading following a news report that initial bids to buy the commercial lender’s aircraft-leasing business topped some analysts’ expectations. CIT gained as much as 6.2 percent, the most intraday since October, and was up 3.4 percent to $36.16., the best performer in the Russell 1000 Financial Services Index. The shares have ...

  Bloomberg After a five-year austerity drive, Thai Airways International Pcl is ready to expand again. The carrier plans to add routes and buy new, more fuel-efficient aircraft to replace aging jets, President Charamporn Jotikasthira said in an interview in Bangkok. The airline, which last ordered planes in 2011, is drawing up a 10-year plan through 2027 that will include ...