Aviation

Rolls-Royce engine corrosion spurs ANA to check Dreamliners

  Bloomberg ANA Holdings Inc. is canceling flights as the world’s biggest operator of Boeing Co.’s 787 Dreamliner checks for corrosion in the jet’s Rolls-Royce Holdings Plc engines. The Japanese airline canceled nine flights scheduled for its 50-jet Dreamliner fleet for Friday and may scrub more than 300 trips through the end of September as it deals with cracking in ...

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Airlines bring back free snacks, streaming services

  Bloomberg After decades of red ink, US airlines have gotten their financial houses in significantly better order. And while this new wherewithal certainly won’t mean more legroom or free checked bags, some carriers are exploring inexpensive ways to make flying economy class a smidge less arduous. Free meals are returning on some long domestic flights, and gratis snacks are ...

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Lufthansa cabin crews approve 3-year contract to end strikes

  Bloomberg Deutsche Lufthansa AG flight attendants approved a three-year contract to end one of the airline’s long-running disputes over pay and pensions that have led to strikes. The accord with the cabin-crew union UFO will lead to savings in the mid-double-digit millions of euros in labor costs and reduce pension commitments by a high triple-digit million-euro amount, Lufthansa said ...

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Engine woes prompt ANA to scrap some flights

  Emirates Business ANA Holdings Inc., the world’s biggest operator of Boeing Co.’s Dreamliner jet, will halt some services using the 787 saying it found an issue with the plane’s engines. Japan’s biggest airline will stop some services starting on Friday, Wataru Yoshioka, a spokesman for the Tokyo-based company said on Thursday. The airline’s fleet of 50 787s are all ...

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Qantas posts record profit, pays first dividend in 7 yrs

  Bloomberg Qantas Airways Ltd. announced its first dividend since 2009 and handed bonuses to 25,000 workers as Chief Executive Officer Alan Joyce’s turnaround program delivered a record annual profit. Australia’s biggest carrier will pay a final dividend of 7 Australian cents a share and buy back as much as A$366 million ($279 million) of stock, according to a filing ...

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Qatar Airways announces AFL sponsorship deal

  Doha / AFP Qatar Airways, sponsors of FC Barcelona, have branched into a new sport signing a deal with Australian Football League team Sydney Swans, the airline announced on Tuesday. The three-year deal will allow Qatar Airways to receive “prominent branding” at Sydney’s home games and at the club’s training grounds, the airline said in a statement. “We strongly ...

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Cathay Pacific to raise US$2bn in debt

  Bloomberg Cathay Pacific Airways Ltd., Asia’s biggest international carrier, applied to raise $2 billion in debt over the next 12 months. The medium term note program, arranged by HSBC Holdings Plc, is expected to take effect on Wednesday, Cathay Pacific said in a statement to the Hong Kong Stock Exchange late Tuesday. Such debt programs are offered to institutional ...

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Gestair’s owners to consider sale

  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 ...

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Qantas investors demand dividend map

  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 ...

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SriLankan Airlines moves to new location in Dubai

  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, ...

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