Aviation

BLOOMBERG Air France KLM’s plan to buy a stake in troubled Scandinavian carrier SAS AB gives the long-overdue consolidation of European airlines a jolt as more regional operators come under the control of three big groups. The Franco-Dutch carrier said that it will invest as much as $144.5 million for 19.9% of SAS, with the option to take a controlling ...

BLOOMBERG Delta Air Lines Inc says some of its aircraft have flown with engines using improperly documented components, a disclosure indicating the extent to which parts linked to a British distributor have been sold globally. Suspect components were found on only one engine of the planes that were flown, a company spokesman said, declining to quantify exactly how many aircraft ...

BLOOMBERG Thai Airways International Pcl says flights from China have been over 90% full after Southeast Asia’s second-largest economy temporarily relaxed visa rules for visitors. “We have seen significant growth in terms of Chinese traffic into Thailand,” the carrier’s Chief Commercial Officer Korakot Chatasingha told Bloomberg Television. Thailand is banking on Chinese visitors to lead a spending recovery as policy ...

BLOOMBERG China Eastern Airlines Corp ordered 100 C919 single-aisle planes from Commercial Aircraft Corp of China Ltd, dealing a potential blow to Boeing Co, which hasn’t had a large order from Chinese carriers in years. The order is worth $9.9 billion at list prices, but a significant discount has been applied, Shanghai-based China Eastern said in a statement. Airlines typically ...

BLOOMBERG DHL Group, Sasol Ltd and HH2E AG agreed to collaborate on producing sustainable, hydrogen-based aviation fuels in Germany to help reduce carbon emissions, with Airbus SE intending to join the project at a later date. The partners signed an agreement to create green hydrogen production capacity by 2030 involving “investments in the billions,” according to a statement published on ...

BLOOMBERG Wall Street analysts are souring on Frontier Group Holdings Inc as a stark decline in traveller demand and elevated fuel costs worsen the airline’s earnings outlook. The budget-friendly airline wrapped up nine consecutive weeks of declines, marking the longest losing streak in the company’s history. The previous record for underperformance had been five consecutive weeks in December 2022. The ...

BLOOMBERG Germany’s biggest airline would consume half of the country’s entire electricity production to switch its fleet to green fuels like e-kerosene, according to Deutsche Lufthansa AG, underscoring the challenge in reducing emissions from air transport. While synthetic fuels manufactured using renewable energy provided the best future path to decarbonise aviation, there is unlikely to be sufficient green electricity in ...

BLOOMBERG Qantas Airways Ltd’s new boss Vanessa Hudson started work trying to restore the airline’s battered reputation with increased spending on major customer bugbears such as on-board catering, call-centre staffing and loyalty-point flight redemptions. Less than three weeks after taking the helm, the new chief executive officer has been forced to fix stress points that fractured under predecessor Alan Joyce. ...

BLOOMBERG Italy’s competition authority has opened a probe into Ryanair Holdings Plc’s market position in the country, further escalating tensions between the Irish budget carrier and Prime Minister Giorgia Meloni’s government. The authority is investigating Ryanair’s dominant positions in services for tourists, including car rentals and hotel bookings, which the watchdog alleges harm travel agencies and customers, according to a ...

BLOOMBERG Delivery Hero SE confirmed that it’s in talks to sell part of its business in Southeast Asia, where growth has stagnated since Covid-19 lockdowns eased.  The company is in negotiations to sell the Foodpanda brand in Singapore, Malaysia, Philippines, Thailand, Cambodia, Myanmar and Laos, Berlin-based Delivery Hero said in a statement. The negotiations are at an early stage and ...