Aviation

  Bloomberg Cathay Pacific Airways Ltd., one of the world’s biggest airfreight operators, warned that inflation, supply-chain snags and Covid-19 restrictions in China could lead to weaker cargo demand in this year’s peak season. “Inflation is having an impact on some areas of consumer demand, the supply chain disruption of recent months has dampened manufacturing output, and there continue to ...

  Bloomberg SpiceJet Ltd said it’s in talks with bankers to raise as much as $200 million in fresh capital after reporting a worse than expected quarterly loss, as the Indian airline looks to work a way out of financial distress. The carrier plans to also spin off its cargo business into a separate company, SpiceXpress, by the end of ...

Bloomberg Deutsche Lufthansa AG will suspend almost its entire flight operations in Frankfurt and Munich on Friday because of a strike by pilots who are demanding higher pay, adding another day of major disruptions to what has already turned into a summer of travel chaos. In total, about 130,000 passengers will be affected as Lufthansa scraps 800 flights at its ...

Bloomberg As Europe grapples with a summer of travel chaos, the wealthiest are increasingly taking matters into their own hands. Private-jet use has surged by almost a third in recent months compared to pre-pandemic levels, stretching airport capacity from Ibiza to Mykonos and stoking a political backlash in France. London logged the most private flights — more than 12,000 in ...

  Bloomberg Jet Airways India Ltd. is in advanced talks to order about 50 Airbus SE A220 aircraft, according to people familiar with the matter, marking what could be a fresh beginning for the bankrupt carrier that’s attempting to make a comeback. Deliveries of the new aircraft will start in 2025, the people said, asking not to be identified because ...

  Bloomberg Ryanair Holdings Plc sees soaring inflation, Brexit-related challenges and a potential recession threatening the aviation industry’s recovery as a summer boom draws to a close. While Europe’s biggest discount carrier is maintaining plans to boost winter capacity and continues to see strong growth, the resurgence is fragile and prone to external shocks that also include an escalation in ...

Bloomberg An investor group including Air France-KLM and Delta Air Lines Inc. looks primed to buy Italy’s fledgling state-controlled carrier, after being selected over a rival bid from a team that included Deutsche Lufthansa AG. The Rome-based Finance Ministry, which is running the process to find a new owner for ITA Airways, said on Wednesday that it will start exclusive ...

Bloomberg China’s big three state-owned airlines saw total losses during the Covid pandemic balloon to 127.6 billion yuan ($18.5 billion) by the end of June, as the country stuck with its zero-tolerance strategy of border restrictions and snap lockdowns. Air China Ltd. said on Tuesday its net loss in the first six months of 2022 widened 186% to 19.4 billion ...

Bloomberg Taiwan’s China Airlines Ltd. ordered 16 Boeing Co. 787-9 aircraft with options for eight more and conversion rights to a higher-capacity Dreamliner jet, as it looks beyond the pandemic. The government-backed carrier announced the deal in a statement on Tuesday, weeks after US House Speaker Nancy Pelosi visited Taiwan, infuriating Beijing, which considers the island to be part of ...

Bloomberg Nasa delayed the debut launch of its new massive rocket due to an issue with one of its engines, dealing a temporary blow to the space agency’s plan to return to the lunar surface. With Vice President Kamala Harris in attendance at Florida’s Kennedy Space Center and a global audience watching online, the uncrewed Artemis I mission was called ...