Aviation

  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 ...

  Bloomberg The world’s main airline trade groups and European and US lithium battery makers are seeking tighter product-quality and sourcing enforcement, saying a ban on shipments in passenger airliners risks being extended to cargo carriers. Governments need to enforce regulations more strictly against “rogue producers and exporters,” and impose stiffer penalties on companies that put shipments of improperly tested ...

  Bloomberg It’s getting increasingly unsafe to fly in the world’s fastest-growing aviation market. Air safety incidents that prompted regulatory action reached 280 this year, beating the 275 all of last year, data from the Directorate General of Civil Aviation showed. At this pace, the number may rise to more than 400 by the end of 2016, making it the ...

  Bloomberg Former Turkish Airlines Chief Financial Officer Coskun Kilic said he’s suing to be reinstated to the job following a “completely unfair” mass firing at the carrier last month that was part of a government purge against alleged coup plotters. The lawsuit, which Kilic said he filed in an Istanbul administrative court last week, demands that the state-controlled carrier ...

  AGENCIES Indonesia, an aviation market with one of the world’s worst safety records, had its air-safety rating upgraded by the US Federal Aviation Administration, a move that may add momentum to flag carrier PT Garuda Indonesia’s expansion plans. The Southeast nation’s transport ministry said it received a letter from the U.S. embassy saying Indonesia got elevated to Category 1, ...

  Bloomberg Millions of flyers in China may soon see their wish come true: authorities are considering lifting restrictions on the use of mobile phones on planes, paving the way for wider in-flight connectivity that is now available only in developed markets. A legislation to amend regulations that limit the use of electronic devices on board is underway and the ...

  Bloomberg Fatalities in crashes of small private planes have fallen to the lowest levels in decades as industry and government work to address an area of aviation that has lagged behind jetliners in dramatic safety improvements. While aviation crash analysts caution that it’s still too early to say for sure that the data represents a long-term trend, the declining ...