Aviation

  Bloomberg South African Airways (SAA) is seeking 16 billion rand ($1.1 billion) in long-term funding that the unprofitable government-owned carrier said will be used for working and capital expenditure and to help manage outstanding debt. The airline will need to access the funding two weeks after the signing of loan documentation, SAA said in a request for proposals from ...

  Bloomberg ANA Holdings Inc., which has cancelled more than a dozen Dreamliner flights since last week, found broken turbines on three 787 planes with Rolls-Royce Holdings Plc engines as part of its investigation into the motors of the Boeing Co. planes. The broken turbine parts damaged other sections in the engine when they snapped off, Maho Ito, a spokeswoman ...

  Bloomberg BOC Aviation Ltd., the aircraft leasing unit of Bank of China Ltd., reported a 24 percent increase in profit in the first half of the year as growth in travel boosts demand for planes. Net income in the six months through June rose to $212.2 million, compared with $171.5 million a year earlier, the company said in a ...

  Bloomberg After two aborted test flights in as many days following a faulty air-conditioning system, Japan’s first locally built passenger jet was back for checks and fixes amid delays to a program aimed at challenging the dominance of Brazil’s Embraer SA and Canada’s Bombardier Inc. Mitsubishi Aircraft Corp., the builder of the Mitsubishi Regional Jet, will make a decision ...

  Bloomberg / AFP Mitsubishi Heavy Industries Ltd.’s regional jet aircraft took off again for the US on Sunday after aborting its maiden test flight to the US a day earlier due to problems with an on-board system about an hour into the trip. The aircraft, Japan’s first passenger plane developed at home in more than a half century, took off ...

  Bloomberg A Southwest Airlines Co. jet was forced to make an emergency landing after the cabin lost pressure due to what federal officials called a rare uncontained engine failure. No one was injured on Flight 3472 from New Orleans to Orlando, Florida, when the Boeing Co. 737 was diverted to Pensacola International Airport in Florida, an spokesman said by ...

  Bloomberg Ryanair Holdings Plc told analysts it’s cutting prices more than anticipated this summer, helping to boost bookings and increase occupancy levels on its flights. Ryanair’s yield, a measure of revenue per kilometer flown that reflects fares, is expected to fall between 8 and 9 percent over the first half ending Sept. 30, steeper than the 6 to 8 ...

  Bloomberg Starting early next year, travellers on some Lufthansa flights in Europe will be able to surf the web using airborne Wi-Fi that promises speeds and coverage that trounce existing offerings. The network, which will use Inmarsat Plc’s satellites and Deutsche Telekom AG towers on the ground, aims to let business travelers check the news and vacationers chat with ...

  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 ...

  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 ...