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 ...
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Computer outage hits British Airways flights
Bloomberg British Airways said a computer outage brought down its airport check-in system, causing delays to services across its global network and prompting staff to issue passengers with handwritten boarding passes in order to keep flights operating. “We’ve experienced some problems today, which our IT teams are working to resolve as quickly as possible,†the airline said Tuesday via ...
Read More »GE spends $1.4bn on 3-D printer-makers for jet engines
Bloomberg General Electric Co. announced $1.4 billion in European acquisitions to add 3D printing technology to manufacture parts for jet engines and cars. The US company agreed to buy Sweden’s Arcam AB for 5.86 billion kronor ($680 million), alongside a separate transaction to acquire SLM Solutions Group AG of Germany, it said in a statement on Tuesday. GE’s aviation ...
Read More »LaCompagnie shuts premium London route on Brexit concern
Bloomberg French business class-only airline LaCompagnie announced plans to halt flights between London and the New York area as a result of the UK’s vote to quit the European Union, just days after British Airways said it was reducing its own premium service between the cities. LaCompagnie will cease its four-times weekly operations between Luton, northwest of London, and ...
Read More »ANA Holdings to ask Rolls-Royce for 787 engine compensation
Bloomberg ANA Holdings Inc. plans to claim compensation from engine-maker Rolls-Royce Holdings Plc following its cancellation of more than a dozen flights last month after finding broken turbines on three 787 aircraft, according to two people familiar with the plan. The form of compensation hasn’t been decided yet but it may be for discounts on future purchases or free ...
Read More »South Africa Airways chief faces heat
Bloomberg The reappointed chairman of South Africa’s state airline, Dudu Myeni, should be removed from the post, the opposition Democratic Alliance announced, saying that during her tenure the carrier has lurched among crisis. The party said it will seek court action to declare that Myeni was an “inappropriate and incapable appointment†to run South Africa Airways. Myeni on Friday ...
Read More »Ryanair CEO ‘cautious’ on profit forecast
Bloomberg Ryanair Holdings Plc warned it won’t be able to cut spending fast enough if a drop in ticket prices accelerates this winter, reflecting the strain facing European airlines as terrorist attacks and volatility stemming from Brexit spook travelers. The carrier, Europe’s largest discount airline, has been able to offset price declines during the summer season with cost cuts, ...
Read More »Air France-KLM Group seeks more conciliatory approach to revamp
Bloomberg Air France-KLM Group will jettison a hard-line stance on cost cutting that antagonized employees and unions under its former chief executive officer in favour of a more conciliatory approach to be called “Trust Together,†according to a person familiar with the plan. Jean-Marc Janaillac, who succeeded Alexandre de Juniac as CEO in July, will unveil the program in ...
Read More »China Southern reports $225mn loss
Bloomberg China Southern Airlines Co., Asia’s biggest by passengers, said its profits were dented by the yuan’s depreciation while two of the country’s largest private carriers reported an increase in earnings amid a surge in travel. China Southern also said it will consider breaking away from a decade-old policy of not hedging for fuel to revive earnings as nimbler ...
Read More »American deal removes hurdle to Republic’s bankruptcy exit
Bloomberg Republic Airways Holdings Inc. reached a deal to continue providing regional flights for its largest customer, completing its third pact with the biggest US carriers and removing an obstacle on the path to exiting bankruptcy. The agreement with American Airlines Group Inc. is critical because the world’s largest carrier accounts for about half of Republic’s revenue, the bankrupt ...
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