Aviation

  Bloomberg Distressed airline PT Garuda Indonesia may stop selling first class tickets as it focuses on flying local. The state-owned carrier will concentrate on business, premium economy and economy seats because it is more suitable for the market, State Enterprises Minister Erick Thohir said. He reiterated that Garuda will stop most international routes to cut costs, except for a …

Bloomberg SAS AB Chief Executive Officer Anko van der Werff said he’s confident the Scandinavian airline will emerge successfully from a Chapter 11 restructuring after winning clearance for a $700 million financing package and seeing a rebound in its own performance. Approval for the Apollo Global Management funding from a US bankruptcy judge is “the biggest and most important news” …

  Bloomberg British Airways will scrap 100 flights from its London Heathrow base on Monday and re-time others as the airport, airlines and air traffic controllers work to minimise noise during Queen Elizabeth II’s state funeral. About 15% of Heathrow’s schedule will be altered, according to the hub, with flights halted for various durations through the day. There will be …

  Bloomberg Schiphol Airport’s Dick Benschop is stepping down as chief executive of the Dutch hub as the airport continues to struggle with long lines and flight cancellations caused by a staffing shortage. Benschop informed Royal Schiphol Group NV’s supervisory board on Wednesday that he is resigning from his role as president-director and chief executive. Benschop will stay on in …

Bloomberg Flights from London Heathrow airport will be disrupted during the transfer of Queen Elizabeth II’s coffin for her lying-in-state, with more upheaval likely next week when her funeral takes place. Departures face delays and adjustments for almost two hours from September 14, Heathrow said. The measures are aimed at ensuring an absence of jet-engine noise as a gun carriage …

  Bloomberg More than a hundred passengers were evacuated from a Boeing Co 737-800 operated by Air India Express Ltd after one of its engines caught fire while the aircraft was taxiing to take off from Muscat, the capital of Oman. Everyone got off the plane safely and the jet was left parked on the airport runway, according to Arun …

  Bloomberg Wizz Air Holdings Plc plans to order 75 Airbus SE narrow-body jets as the discount carrier doubles down on its rapid expansion in a challenge to sector leader Ryanair Holdings Plc. Wizz will exercise purchase rights for the A321neo jets granted by the manufacturer last year, it said in a statement. Delivery dates are subject to agreement. Eastern …

Bloomberg Germany raised 760 million euros ($760 million) from the sale of the state’s full stake in Deutsche Lufthansa AG, unwinding all of the holding it took to keep the flagship carrier afloat during Covid-19 lockdowns. The country’s Economic Stabilization Fund, or WSF, disposed of its remaining 9.92% of Europe’s largest airline via a placement with international investors, according to …

  Bloomberg Investors who attempted to participate in the 20.5 billion-rupee ($258 million) share sale in India’s largest airline IndiGo were left empty-handed due to a feature of the country’s trading rules that has long been a source of frustration for institutional fund managers. None of the investors lined up by the banks working on billionaire Rakesh Gangwal’s sale of …

  Bloomberg Australian airline Rex plans to add more Boeing Co 737s within months, giving it enough jets for a nationwide network of intercity routes as it seeks to steal business away from troubled Qantas Airways Ltd. Rex, best known for flying small propeller-driven aircraft between regional towns, is fast building out a new jet division plying busy domestic routes …