Aviation

  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 ...

Bloomberg Nasa launched its most powerful rocket in 50 years early Wednesday, sending an uncrewed capsule skyward on a 25-day mission to orbit the moon and return safely to Earth. The agency’s Space Launch System rocket, with an Orion capsule perched atop it, cleared its Kennedy Space Center launchpad on the Florida coast just after takeoff at 1:48 am local ...

Bloomberg The UK competition regulator said it would launch a more in-depth investigation into Korean Air Lines Co. and Asiana Airlines Inc if the carriers fail to allay concerns their proposed merger would lead to higher prices for passengers and impact cargo operators. The airlines have until November 21 to submit proposals to address competition concerns, the Competition and Markets ...

  Bloomberg SpiceJet Ltd.’s quarterly loss widened as ballooning fuel costs worsened the airline’s financial distress and offset gains from recovering air travel demand. The no-frills carrier posted a loss of 8.38 billion rupees ($103 million) for the three months through September 30, 49% higher than the deficit in the same quarter last year, according to an exchange filing. “The ...

  Bloomberg Cathay Pacific Airways Ltd closed its last overseas outpost, bringing some US-based pilots back to Hong Kong as the airline trims expenses after being hit hard by the pandemic. Cathay’s US pilot bases shut on October 31 and some crew will relocate to Hong Kong in the coming weeks, according to an internal memo seen by Bloomberg News. ...

  Bloomberg The investigations into Florian Fritsch, one of the two executives seeking to get bankrupt Jet Airways India Ltd. back in the air through a bankruptcy process, will not affect the rescue plan for the airline, according to his firm. “These investigations have no impact on the acquisition of Jet Airways,” Kalrock Capital Partners, Fritsch’s investment company said in ...

  Bloomberg Thai Airways International PCL is bringing back almost half a dozen aircraft originally put up for sale in an effort to revive flights more quickly amid buoyant demand. The global air travel recovery from Covid has put a squeeze on newer planes that are available on the open market, Chairman Piyasvasti Amranand said in an interview at the ...