Aviation

  Bloomberg Korean Air Lines Co. estimated losses on its investments in Hanjin Shipping Co., which applied for court receivership, at more than a third of projected operating income for this year. Losses on loans and an equity stake in the container shipping line will be as much as 383.3 billion won ($344 million), Korean Air Lines said in a ...

  Bloomberg Airlines in China, the world’s second-biggest aviation market, plan to exercise stricter control over their costs and debt structures as part of measures to cope with a weaker yuan and stiffer competition. China Eastern Airlines Corp. will strengthen research on oil prices and exchange rates, the carrier said, a day after China Southern Airlines Co. said it will ...

  Bloomberg American Airlines Group Inc. delayed one of the last major steps in fully blending its operations with those of merger partner US Airways, saying the work is more complex than originally expected. The Fort Worth, Texas-based airline doesn’t have a new target date for integrating operations for its flight attendants, which had been set for spring of 2017, ...

  Bloomberg Boeing Co. skipped raising airplane prices for the first time in seven years as it contends with demand cooled by economic uncertainty, cheap oil and a glut of twin-aisle aircraft. The US planemaker typically adjusts its catalog prices for commercial aircraft once a year to reflect an internal formula that takes into account increases in the costs of ...

  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 ...