Aviation

  Bloomberg When Claudia Estudillo learned she had to be in Cancun on business close to Thanksgiving, she decided to bring her husband and daughter with her over the holiday. What she wasn’t prepared for is a cost of almost $300 more per person than she expected to pay. They’re making the trip anyway, joining the throngs at airports. Planes ...

  Bloomberg Grupo Viva Aerobus SA, one of Mexico’s largest airlines, sold $51 million in its first sustainability-linked bond issuance, the company announced. Viva’s sustainability goal is to reduce jet fuel carbon emissions intensity per revenue passenger-kilometer by 35% in 2029 compared to a 2015 baseline. The company said it has a fleet with one of the lowest carbon dioxide ...

Bloomberg The partnership between American Airlines Group Inc. and JetBlue Airways Corp. has “absolutely no justification,” US Justice Department lawyers told a federal judge in closing arguments for the agency’s antitrust suit against the airlines. The government is seeking to dissolve the Northeast Alliance, a partnership formed between American and JetBlue in 2020 to share routes, bookings and passengers in ...

  Bloomberg Two Russians and a Ukrainian citizen were found guilty by a Dutch court of carrying out the deadly attack on Malaysia Airlines flight MH17 in 2014, in a judgment set to further inflame tensions between the West and the Kremlin. Judges in the Hague ruled that Igor Girkin, Sergey Dubinskiy and Ukraine national Leonid Kharchenko caused a missile ...

  Bloomberg Elon Musk’s SpaceX is in talks to raise a funding round that values the rocket-launch and satellite company at more than $150 billion. The transaction being discussed represents a jump from the $125 billion valuation the company commanded earlier this year. Terms including the price haven’t been finalised and could still change. Shares are being discussed at roughly ...

  Bloomberg Fairfax India Holdings Ltd. is considering an initial public offering for Bangalore International Airport Ltd. (Bial) that could value the asset at about 300 billion rupees ($3.7 billion), according to people familiar with the matter. The Indian arm of Canadian investment group Fairfax Financial Holdings Ltd. is working with an adviser on the potential listing that could take place ...

  Bloomberg Airbus SE expects Asia-Pacific airlines’ need for wide-body aircraft to drive a post-pandemic recovery in demand for the larger jets as the region starts to open up, according to a top executive. The surge in demand isn’t just to replace jets like ones from Airbus’s older A330-family, but also for fleet expansion, Anand Stanley, president of Asia Pacific ...

  Bloomberg Airbus SE said production concerns have shifted from a shortage of jet engines to smaller suppliers struggling to cope with spiralling energy costs, with the squeeze expected to become most acute next spring. The world’s largest planemaker is working to mitigate the impact of the energy crisis for component makers by being flexible with its aircraft production sequencing ...

Bloomberg Air France-KLM’s French arm faces possible strikes throughout the year-end holiday as workers step up pressure to adjust salaries in the face of spiralling inflation. Two Air France cabin crew unions issued a strike notice from December 22 to January 2, according to statements posted on their websites. Air France said it questions the logic of the strike notice, ...

  Bloomberg Six airlines paid back more than $600 million in refunds to passengers because of major delays or cancelled flights, the US Transportation Department announced as air travel has seen more disruption amid the coronavirus pandemic. The department, which said its enforcement actions on refunds led to hundreds of thousands of flyers getting money back, is also issuing more ...