Aviation

  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, ...

  Bloomberg Prime Minister Theresa May’s decision to delay a new nuclear plant backed by China makes it more likely that expansion at London Heathrow Airport, which also has Chinese investors, will win UK government backing, Chief Executive Officer John Holland-Kaye said. The UK will be reluctant to fuel tension with China, which reacted angrily to May’s decision last month ...

  AP A blimp-shaped, helium-filled airship considered the world’s largest aircraft flew for the first time with a short but historic jaunt over an airfield in central England. Engines roaring, the 302-foot (92-meter) Airlander 10 rose slowly into the air from Cardington airfield, 45 miles (73 kilometers) north of London. A hybrid of blimp, helicopter and airplane, it can stay ...

  Bloomberg Cathay Pacific Airways Ltd. reported first-half profit that missed analysts’ estimates as losses from jet-fuel hedges mounted and competition with Chinese carriers cut passenger yields. The shares dropped the most in a year. Net income in the six months through June fell 82 percent to HK$353 million ($45.5 million), Asia’s biggest international airline said on Wednesday. That fell ...

  Bloomberg Finnair Oyj shares fell the most in almost three years after the carrier scaled back plans to add flights this year as terrorism in Europe hurt demand for travel. Finnair dropped as much as 10 percent, the steepest intraday drop since October 2013, and was down 7 percent at 4.89 euros as of 11:33 a.m. in Helsinki. The ...