Aviation

  Bloomberg US airlines surged by the most since late 2014 after Deutsche Bank AG recommended buying shares in the three largest carriers. American Airlines Group Inc., Delta Air Lines Inc. and United Continental Holdings Inc. will rebound as they advance “in fits and starts” toward halting a slide in passenger revenue for each seat flown a mile, a key ...

  New York / AFP Delta Air Lines has announced that it will cut back flights serving Britain this year in the wake of the country’s vote to pull out of the European Union. Delta said it plans to reduce capacity on service between the US and Britain by six percent this winter, citing the steep drop in the British pound ...

  New York / AFP Boeing, creator of some of the world’s most iconic aircraft of the 20th century, commemorates its centennial this week facing multiple challenges to remain at the forefront of global aerospace innovation. At the top of the list is European archrival Airbus, which has topped Boeing in commercial orders in recent years and made inroads into the ...

  Bloomberg EgyptAir, seeking to overcome slumping tourist numbers and the impact of a fatal jetliner crash, revealed an order for nine Boeing Co. single-aisle jets and said it plans to buy more planes to aid its recovery. The Mideast carrier, disclosed as the buyer of the 737-800 aircraft valued at $864 million and entered into Boeing’s books some months ...

  REUTERS Qatar Airways is all set to buy 49 percent of Meridiana in a move that could bolster the Italian carrier’s ability to compete in the European market. The agreement was reached at the Farnborough International Airshow and the deal will close in early October, subject to certain conditions, Qatar Airways said in a statement on Thursday. The airline ...

  AFP German airline Germania has ordered 25 single-aisle fuel-efficient Airbus A320neos worth $2.6 billion (2.4 billion euros) at list prices in an announcement at the Farnborough air show. The firm aircraft order, for delivery from 2020 onwards, will double the Germania Group’s current fleet of aircraft, the pair announced on the second day of Farnborough. Airlines typically negotiate sizeable ...

  Farnborough / AFP The aircraft sector hit turbulence as European giant Airbus slashed output of its A380 superjumbo because of weak demand, putting the brakes on plane orders generally at Farnborough. The Franco-German planemaker revealed at Farnborough — one of the world’s largest civilian and defence airshows — that it would halve production of its enormous A380 to one ...

  AFP Indian low-cost airline Go Air signalled its intention to buy 72 AirbusA320neos worth $7.7 billion at list prices, in a major announcement at the Farnborough airshow. The order, worth the equivalent of 6.9 billion euros, takes Go Air’s total order to 144 of the single-aisle fuel-efficient airplanes, Airbus said in a statement. “The new A320neo provide us the ...

  Bloomberg Qatar Airways is spreading its global ambitions with plans to buy a stake in Latam Airlines Group SA, securing a partnership with South America’s biggest carrier as it scouts for opportunities to lock down relationships with other airlines. Qatar Airways will buy as much as 10 percent of Santiago, Chile-based Latam for $613 million, the number two Gulf ...

  Farnborough / AFP European planemaker Airbus took top honours at the Farnborough Airshow, winning a vast $12.5-billion jets deal from AirAsia, as the F-35 stealth fighter screamed across the skies in a stunning display. Malaysia’s low-cost airline AirAsia placed the blockbuster order for 100 single-aisle fuel-efficient A321neo jets, worth the equivalent of 11.3 billion euros at list prices, delivering the ...