Aviation

Delta cuts growth to boost unit revenue

  Washington / Bloomberg Delta Air Lines Inc., the second-largest U.S. carrier, is trimming planned growth in the second half of this year to help counter rising fuel prices and weak foreign economies. It’s also delaying deliveries of four wide-body aircraft. The carrier will hold expansion to less than 2 percent while reducing domestic capacity increases to 2.5 percent in ...

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Airbus finds ‘cracking behaviour’ in military aircraft

  Paris / Bloomberg Airbus Group SE disclosed a cracking issue in its A400M military transport aircraft and said its government customers must inspect the planes and make fixes if necessary. The issue doesn’t impact flight safety, the European planemaker said. The issue was first identified in 2011 in tests before the plane went into service, Airbus said in an ...

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Singapore Air faces challenge to retain front-end customers

  Bloomberg Singapore Airlines Ltd. is fighting to prevent travellers from switching to Emirates Airline, which is offering luxuries like on-board shower, while budget carriers are chipping away at the coach class. The result: The lowest yield from passengers in six years. Yields, or the revenue earned from a passenger for flying a kilometer, was 10.6 Singapore cents in the ...

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US hiring new screeners to cut airport lines

  Bloomberg The US government hopes to expedite the hiring of more than 500 security screeners to stem the long wait times expected at airports this summer. The Transportation Security Administration (TSA) wants to get those new workers in place as soon as possible, Homeland Security Secretary Jeh Johnson, who oversees the agency, said in a press conference at Washington ...

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American and United ready no-frills fares

  Bloomberg Stung by competition from ultra-discount carriers, American Airlines Group Inc. and United Continental Holdings Inc. are striking back with cheap, no-frills tickets of their own. By year-end, the pair plans to lure budget travelers with basic-economy fares — inexpensive tickets that don’t include typical benefits like an assigned seat before you get to the airport. Taking a cue ...

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Asia’s biggest airplane Lessor seeks $1.1 billion from IPO

  Bloomberg Asia’s biggest aircraft lessor is seeking to raise $1.1 billion to fund an expansion as the region is poised to become the world’s top air travel market in about two decades. BOC Aviation Ltd., the Singapore-based company that has more than 100 planes leased out to airlines around the world, will sell new and existing shares at HK$42 ...

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Hawaiian Airlines to fly from Tokyo to Kailua-Kona

  Honolulu / AP Hawaiian Airlines secured the right to begin flying nonstop between Tokyo and Kailua-Kona, bringing a regularly scheduled direct flight from Japan to the Big Island for the first time since 2010. The news came as the US Department of Transportation said it awarded a new nighttime departure slot at Tokyo’s Haneda International Airport to Hawaiian. Hawaiian plans ...

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Boeing mulls price cuts in quest for share gain

  Bloomberg Boeing Co. is studying redesigned versions of the 737 Max jetliner, cutting costs and rolling out more robotics in factories to keep pace with relentless competition in the global aerospace market. But there are limits to what the US planemaker will do in its battles with old foe Airbus Group SE and newer rival Bombardier Inc., executives said ...

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Gol Linhas posts profit since 2011 after trimming ops

  Bloomberg Gol Linhas Aereas Inteligentes SA posted its first quarterly profit since 2011 after the Brazilian airline trimmed operations to compensate for plunging demand in its home market. First-quarter net income totaled 757.1 million reais ($219 million), compared with a loss of 672.7 million reais a year earlier, Gol said in a statement after the close of trading in ...

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Surplus Singapore Air A380s set for paint shop to lure users

  Bloomberg Aircraft-leasing firm Doric is preparing to take back five Airbus Group SE A380 superjumbos from Singapore Airlines Ltd. starting next year, in a move that would be the first test of second-hand demand for the world’s biggest jetliner. While Singapore Air hasn’t officially decided to return the planes, London-based Doric and fellow owner Dr. Peters Fund KG of ...

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