Aviation

Bloomberg United Parcel Service (UPS) Inc opened a second airport cargo-handling facility in India to capture soaring pandemic-driven demand for airfreight. The 15,000-square-foot space in Bengaluru’s international airport will connect south India’s automotive, textile, defense and aerospace manufacturing hubs to parts of Asia, Europe and America, Deepak Shrivastava, managing director of UPS’s local unit, said in an interview. UPS will ...

  Bloomberg Finland’s national carrier Finnair is working to overhaul its strategy in an admission that access to Russian skies, which underpinned its previous focus on Asia, will likely not be restored any time soon. “There’s no end in sight for the war in Ukraine,” CEO Topi Manner said on a conference call following second-quarter earnings. “We’re preparing to see ...

  Bloomberg VietJet Aviation JSC confirmed a deal for 200 Boeing Co 737 Max jets, giving the US planemaker another boost at one of the industry’s biggest events. The first 50 aircraft will be delivered to Thai Vietjet, the Vietnamese budget carrier’s affiliate in Thailand, the company said during the Farnborough International Airshow in the UK. “The agreement is a ...

  Bloomberg Boeing Co announced a firm order for 100 of its 737 Max 10 jetliners from Delta Air Lines Inc, its opening salvo at the Farnborough Airshow that the US planemaker hopes will provide a boost after it fell behind arch-rival Airbus SE. The purchase includes an option for 30 additional jets, the companies announced at the event. Should ...

  Bloomberg SAS AB reached a deal with pilots to end a 15-day strike, allowing the airline to gradually resume normal operations at one of the busiest times of year for travel. The 5 1/2 year agreement will also allow SAS to move ahead with financing talks after it filed for bankruptcy protection in the US earlier in July, the ...

Bloomberg Virgin Atlantic Airways Ltd will carry out test flights using a flying taxi model from UK startup Vertical Aerospace Ltd as the futuristic technology moves closer to becoming a reality. Virgin will operate one flight from the main airport in Bristol, England, where Vertical is based, to an airfield elsewhere in the southwest, according to a joint statement. A ...

  Bloomberg Air Lease Corp, the biggest aircraft financier in the US, is close to placing a large order for Airbus SE A320neo family jets as it looks to lock in planes amid constrained supply, according to people familiar with the matter. The Los Angeles-based lessor may announce a deal for dozens of jets at the Farnborough International Airshow, the ...

  Bloomberg Delta Air Lines Inc is poised to kick off the Farnborough International Airshow with orders for Boeing Co and Airbus SE jets as sales teams for the rival planemakers race to wrap up deals worth at least $21 billion ahead of the industry’s largest trade expo. The event outside of London marks the first large-scale gathering of industry ...

Bloomberg Qantas Airways Ltd, which has faced severe criticism from passengers over disruptions, is anticipating further challenges in the coming weeks as it navigates staff sickness and a tight labour market. Passengers angered by delays and cancellations have lashed out at the airline and Chief Executive Officer Alan Joyce, particularly over a decision to shed thousands of jobs. The carrier ...

  Bloomberg SpiceJet Ltd staged one of global aviation’s most remarkable turnarounds in 2015 after founder Ajay Singh swept in at the eleventh hour to rescue it. Less than a decade later, the Indian budget airline needs a revival of fortunes again. Once an investor darling, SpiceJet is now the worst-performing airline stock in Asia, fighting a run of negative ...