Aviation

  Relaxnews It could be the end of an era for one of aviation’s most iconic airplanes, with Boeing hinting at the end of the production line for its double-decker 747 aircraft. Weak sales and encroaching competition are forcing the planemaker to re-evaluate the production of its legendary 747 aircraft, the original Jumbo Jet which changed the face of the ...

  Bloomberg German carrier Lufthansa has posted a seat on a plane as an Airbnb listing, in a new, interesting sales tactic aimed at filling seats. Posted under the heading, “Luxury Awaits Above the Clouds,” the listing is for a return flight from Frankfurt to New York in a premium economy seat for €699 ($775 USD). “Our cabin isn’t in ...

  The Diplomat On July 27, India’s Ministry of Defense signed a $1 billion deal with U.S. aircraft maker Boeing for the purchase of four additional Poseidon 8I Neptune advanced maritime patrol/anti-submarine warfare aircraft, according to Indian media reports. The contract was inked during an official visit to New Delhi by U.S. Under Secretary of Defense for Acquisition, Technology and ...

  Bloomberg Singapore Airlines Ltd. reported first-quarter profit almost tripled as lower oil prices reduced costs and the company benefited from the sale of a stake by its subsidiary. Net income rose to S$256.6 million ($190 million) in the three months ended in June from S$91.2 million a year earlier, the carrier said in a Singapore stock exchange statement Thursday. ...

  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 ...