Aviation

  Bloomberg IAG SA, the owner of British Airways and Spanish carrier Iberia, is considering reining in fleet plans as worldwide economic growth slows and the company grapples with the effects of Britain’s referendum to exit the European Union. “Without doubt all airlines, including airlines within IAG, are reassessing their requirements for new aircraft,” as the outlook for growth has ...

  Bloomberg EasyJet Plc Chief Executive Officer Carolyn McCall said financial markets “overreacted” to Britain’s decision to exit the European Union, as a feared drop in travel demand hasn’t been as severe as investors expected. There was a “short-term” impact from the collapse of the pound in the aftermath of the referendum, McCall said on Thursday in London. While that ...

  Bloomberg U.S. carriers climbed the most in almost two months after Southwest Airlines Co. said it would slow capacity growth next year, bringing the supply of seats and flights more in line with demand and possibly relieving pressure on fares. Capacity will expand less than 4 percent next year, down from this year’s pace of 5 percent to 6 ...

  Bloomberg Air Canada plans to ease its debt load and push back maturities to cut costs as the airline industry wrestles with overcapacity and weak fares. The airline intends to redeem $700 million of US dollar first- and second-lien bonds maturing in 2019 and 2020, as well as C$300 million ($233 million) of Canadian dollar bonds maturing in 2019, ...

  Bloomberg Saudi Oger Ltd., the construction company owned by Lebanon’s Hariri family, is in talks to sell half its stake in the company that operates Saudi Arabia’s Medina airport to Turkish partner TAV. The two companies have started talks on the transfer of a 16.7 percent stake in Tibah Airports Development, TAV said in an e-mailed statement. The deal ...

  AFP A Malaysia-bound AirAsia X plane which took off from Sydney ended up in Melbourne instead after the pilot entered the aircraft’s wrong longitudinal position, safety officials revealed on Wednesday. The Airbus A330-300 left Sydney en route to Kuala Lumpur on March 10 last year but air traffic controllers went on alert after it began flying in the wrong ...

  Bloomberg Christoph Mueller, previously chief executive officer at Malaysia Airlines Bhd., joins Persian Gulf carrier Emirates this month in a newly created position that will see him play a significant management role at the biggest airline by international traffic. The German, who also ran Ireland’s Aer Lingus and former Belgian flag carrier Sabena, starts on Sept. 20 as chief ...

  Bloomberg JetBlue Airways Corp. plans to increase daily flights from Boston by about 40 percent, including new service to Atlanta as the carrier steps up competition with Delta Air Lines Inc. In addition to the Boston-Atlanta route starting March 30, JetBlue plans to add flights in the second half of 2017 between the Georgia city and New York’s John ...

  Bloomberg Vietnam airlines bought 40 airplanes worth $6.5 billion from France’s Airbus on Tuesday, as President Francois Hollande visited the communist nation to drum up business ties with one of Southeast Asia’s fastest-growing economies. The deal is the latest move by Vietnamese aviation giants to boost fleets and feed demand from a mushrooming middle class with money to burn ...

  Bloomberg Bombardier Inc. expects that business-jet sales will recover in Argentina now that a new government has taken power, helping to offset weakness in Brazil and Venezuela. “Argentina has reopened for the past seven months, and we’ve seen tremendous traction,’’ said Stephane Leroy, sales head for the region. “We had virtually nothing for three years because customers couldn’t buy ...