Aviation

Bloomberg Lining up Continental former Chief Executive Officer Gordon Bethune as part of a board slate for United Airlines is merely a ruse by two hedge funds to “smash and grab from United’s coffers,” according to the carrier’s pilot union. The funds enlisted Bethune “to play on employees’ good will and feelings of nostalgia,” leaders of United’s chapter of the ...

Bloomberg Nigeria, reeling from the slump in oil prices, has asked domestic and international airlines for discounts as it seeks to cap travel expenses that are its biggest source of overhead costs, the Finance Ministry said in a statement that was issued last week. A “conservative” 5 percent reduction on airfare tickets would save the West African government about 4 ...

Bloomberg Fraport AG, the operator of Frankfurt airport, fell the most in 4 1/2 years after saying terrorist attacks in Turkey will hurt its business there as travellers avoid the country. Fraport dropped as much as 8.5 percent, the steepest intraday decline since August 2011, and was trading down 8 percent at 51.81 euros as of 1:08 p.m. in Frankfurt ...

Bloomberg French aviation authorities have asked airlines to cancel more Paris and Marseille flights as a two-day strike by air-traffic controllers disrupts services for passengers across France and in other European cities. Orly airport south of the French capital was particularly hard hit by labour disruptions, the Direction Generale de l’Aviation Civile said in a statement. Even before the latest ...

Bloomberg Malaysian airline tycoon Tony Fernandes, chief executive of budget carrier AirAsia Bhd, said he’s applied for a version of Indian citizenship, a status that may allow him to fully own his local unit and skirt some aviation rules that restrict foreigners. “There will be a big party when I get my approval,” he told reporters in the southern Indian ...

Bloomberg Aviation enthusiasts, developers and anyone looking for a parking spot for the private jet, take note: Atlantic City is selling a century-old former airport for a fraction of what it could have received eight years ago. Bader Field, which spurred the first use of the word “air-port” in a 1919 newspaper, will go up for a minimum bid of ...

Bloomberg Iran could begin making parts for Airbus Group SE aircraft under plans being discussed following January’s historic agreement to purchase 118 jetliners from the European manufacturer. Airbus’s Middle East office said the company is evaluating areas of industrial cooperation with Iran that may include component production and maintenance and overhaul work. Iran developed an ability to make plane parts ...

Hyderabad / Bloomberg Airbus Group SE, whose A380 jet doesn’t have a single customer in India, is still looking for a carrier in the South Asian country to buy the superjumbos, betting infrastructure growth in the world’s fastest growing air travel market will fail to keep pace with the rise in traffic. Airlines in India will need more of the ...