Aviation

  Bloomberg Allegiant Airlines will buy new aircraft for the first time, in a purchase valued at $1.2 billion, as the discount carrier speeds its shift to a fleet of all Airbus Group SE planes by mid-2019. Buying the 12 A320 jets with currently available engines allows the airline to add planes “opportunistically” as Airbus switches its focus to pricier ...

  Bloomberg British Airways parent IAG SA will cut capacity and put spending under review in the wake of the U.K.’s decision last month to quit the European Union, with the uncertainty depressing profit growth this year. Operating profit excluding one-time items is now expected to grow by a low double-digit percentage, the London-based IAG said Friday. Prior to the ...

  Bloomberg Qatar Airways Ltd. will further raise its stake in British Airways owner IAG SA, adding to its holding after the shares plunged in the wake of the Brexit vote, according to people familiar with the matter. The state-owned carrier, already IAG’s largest investor, will boost its holding to about 20 percent from 15.7 percent, said the people, who ...

  Bloomberg The U.K. government approved the expansion of London City Airport — a project held up by former Mayor Boris Johnson — as new Chancellor of the Exchequer Philip Hammond looks to underline the city’s role in the global economy in the aftermath of Britain’s vote to exit the European Union. The 344 million-pound ($450 million) plan for the ...

  Bloomberg Air France-KLM Group warned that political and economic uncertainties are weighing on travel demand, with the carrier especially worried about France’s standing as a tourist hotspot after a succession of terrorist attacks that have spanned Paris to the Riviera. Europe’s largest airline said there is “special concern about France as a destination” amid the IS-inspired killings, even as ...

  Bloomberg Boeing Co. picked up $4.13 billion of orders from Asian carriers, underscoring growing demand in the region even after the aviation industry’s biggest annual show at Farnborough earlier this month racked up the lowest tally in six years. Malaysia Airlines Bhd. bought 25 737 Max 8 planes at a list price of $2.75 billion and took options for ...

  Emirates Business Airline passengers in China are heavy users of technology both in their everyday lives and throughout their travel journeys. Nearly one quarter perceive themselves as ‘hyper-connected’ – they value efficiency and use self-service technology more frequently. Airlines are meeting their needs with 80% adopting connected aircraft and 100% investing in mobile-based services and the Internet of Things. ...

  AFP Whether in aircraft or hot-air balloons, with or without stop-offs, and sometimes solo: round-the-world trips by air have produced several records since 1924. Solar Impulse 2, which on Tuesday completed the first round-the-world journey using only solar energy, is the latest to circumnavigate the globe and enter the record books. AMERICAN PIONEERS In 1924, the American duos Lowell ...

  Bloomberg Turkish Airlines fired its chief financial officer Monday amid a wider purge of staff said by the carrier to have links to the exiled cleric alleged to have been behind this month’s botched coup attempt in Turkey. CFO Coskun Kilic will be replaced by Murat Seker, head of investor relations and financial institutions at state-owned TC Ziraat Bankasi ...

  Bloomberg JetBlue Airways Corp. ordered 30 Airbus Group SE A321 jetliners valued at $3.6 billion as the carrier expands its premium cabin service and opens the door to trans-Atlantic flights. JetBlue agreed to buy 15 A321s with the current engine option for delivery starting next year, and 15 more A321s with new, more fuel efficient engines starting in 2020. ...