Aviation

  Bloomberg Boeing Co has put forward a modified contract for about 2,500 union members at three defense locations near St Louis, days after the workers voted to reject a previous draft and begin a strike. “This new offer builds on our previous strong, highly competitive one and directly addresses the issues raised by our employees,” a Boeing spokesperson said ...

  Bloomberg Vinci SA has agreed to buy Fintech Advisory Inc’s 30% stake in Mexican airport operator Grupo Aeroportuario del Centro Norte SAB. The French concessions and construction company will become the leading shareholder in the operator, known as OMA, it said in a statement that confirmed an earlier Bloomberg News report. The deal is valued at about $815 million, ...

Bloomberg Boeing Co received preliminary US regulatory clearance to restart deliveries of its 787 Dreamliner aircraft, paving the way for the end to a drought that drained cash and dented the planemaker’s reputation for quality. The Federal Aviation Administration (FAA) approved Boeing’s plans to inspect and repair tiny manufacturing flaws in the Dreamliner’s carbon-composite frame, two people familiar with the ...

  Bloomberg JetBlue Airways Corp already overcame one adversary in its battle to acquire Spirit Airlines Inc. Now it faces an even bigger fight. The $3.8 billion merger must undergo a rigorous antitrust review that analysts say could lead to significant divestitures or changes to the deal’s structure — if it gets approved at all. Concern over regulatory pushback was ...

  Bloomberg Air France-KLM plans to raise capacity closer to 2019 levels by the end of the year, later than previously expected after battling soaring demand in the peak summer season. The Franco-Dutch carrier will operate 80% to 85% of pre-pandemic flight volumes during the current period, a drop from the up to 90% forecast in May. It’s planning to ...

  Bloomberg Southwest Airlines Co said it’s facing high costs and delays in aircraft deliveries from Boeing Co, tarnishing a quarter in which the carrier topped Wall Street’s profit expectations on rebounding summer travel. The airline will receive 66 jets this year, down sharply from its prior plan for 114 deliveries, Southwest said in a statement. That puts further pressure ...

  Bloomberg JetBlue Airways Corp is acquiring deep-discounter Spirit Airlines Inc for at least $3.8 billion in cash, clinching a deal less than a day after Spirit called off a planned merger with Frontier Group Holdings Inc. JetBlue will pay $33.50 per share for Spirit, or as much as $34.15 depending on timing, the airlines said in a joint statement. ...

Bloomberg British Airways (BA) parent IAG SA reported a second-quarter profit and said it expects to post positive earnings for the full year as a rebound in travel led by premium leisure bookings more than makes up for capacity curbs tied to the industry’s staffing crisis. IAG had an operating profit of 287 million euros ($293 million) in the three ...

  Bloomberg An Airbus SE A320 aircraft operated by IndiGo, India’s biggest airline, slid off the runway onto grass while taxiing for takeoff in Jorhat, the carrier said in a statement. The flight to Kolkata was cancelled and the aircraft is being inspected in Jorhat, a city in the northeastern state of Assam. IndiGo, which is operated by InterGlobe Aviation ...

  Bloomberg Airbus SE cut its delivery goal and slowed a ramp up in production of its best-selling narrow-body model as supply-chain issues afflicting everything from engines to microchips show no sign of easing. The world’s biggest planemaker now aims to hand over around 700 aircraft in 2022, compared with an earlier target of 720, it said in a statement. ...