Aviation

  Bloomberg Airline miscues — such as the computer glitches that grounded hundreds of thousands of passengers this summer — are now the biggest cause of flight delays in the US Late arrivals triggered by mechanical breakdowns, a lack of flight crews and other factors attributed to the airlines were the largest category of delay last year for just the ...

  Bloomberg Delta Air Lines Inc. offered its 13,000 pilots a raise of about 27 percent over four years, significantly less than what the employees have proposed in contract talks that have lingered since the beginning of the year. The carrier’s proposal was disclosed in a letter to pilots from John Malone, chairman of the Delta chapter of the Air ...

  Emirates Business British Airways is offering students and teachers travelling overseas for the new school term up to 10 percent discount on advertised fares, one additional piece of checked baggage and flexibility on date changes to ticket bookings. The benefits are currently available for all students and teachers flying in World Traveller with British Airways from the United Arab ...

  Bloomberg United Airlines Chief Executive Officer Oscar Munoz filled a top finance spot that had been vacant for 12 months and replaced the longtime chief revenue officer, bolstering his management team almost a year after taking the helm. Andrew Levy, 47, was named chief financial officer, joining the third-largest US carrier from discounter Allegiant Airlines, United Continental Holdings Inc. ...

  Bloomberg When Hilton Sturisky joined Spirit Airlines as chief information officer two years ago, the discount air carrier was weeks away from running out of data storage space and costs were getting “out of control.” So he opted to move to what are called hyperconverged systems that combine server, storage and virtualization software in a single machine. In a ...

  Bloomberg CIT Group Inc. climbed in New York trading following a news report that initial bids to buy the commercial lender’s aircraft-leasing business topped some analysts’ expectations. CIT gained as much as 6.2 percent, the most intraday since October, and was up 3.4 percent to $36.16., the best performer in the Russell 1000 Financial Services Index. The shares have ...

  Bloomberg After a five-year austerity drive, Thai Airways International Pcl is ready to expand again. The carrier plans to add routes and buy new, more fuel-efficient aircraft to replace aging jets, President Charamporn Jotikasthira said in an interview in Bangkok. The airline, which last ordered planes in 2011, is drawing up a 10-year plan through 2027 that will include ...

  Bloomberg Cathay Pacific Airways Ltd., Asia’s biggest international carrier, says it’s getting tougher to find premium fliers from Hong Kong. The lack of first and business-class travelers from the Asian financial center — the worst since the global financial crisis days of 2009 — is such a dent on Cathay’s financials that analysts are asking whether Chief Executive Officer ...

  Bloomberg Chinese airlines need to hire almost 100 pilots a week for the next 20 years to meet skyrocketing travel demand. Facing a shortage of candidates at home, carriers are dangling lucrative pay packages at foreigners with cockpit experience. Giacomo Palombo, a former United Airlines pilot, said he’s being bombarded every week with offers to fly Airbus A320s in ...

  Bloomberg China will restrict the operations of North Korean national airline Air Koryo after one of its planes had to make an emergency landing last month because of a fire on board, it said. The Civil Aviation Administration of China (CAAC) will take “relevant measures to limit operations” for the carrier, it said in a statement on its website, ...