Aviation

Bloomberg Germany’s richest man is now the largest shareholder in Deutsche Lufthansa AG after reinvesting a chunk of a fortune he made in logistics into Europe’s biggest airline. Klaus-Michael Kuehne raised his stake in Lufthansa to 15.01% from 10.01%, according to a filing, overtaking the German government as the carrier’s biggest shareholder. The state has been selling down its interest ...

  Bloomberg Hong Kong’s new leader John Lee suspended a system that banned airlines from flying routes if they carried passengers infected with Covid, raising hopes he’ll ease onerous travel curbs that have damaged the city’s status as a financial hub. Starting from Thursday, the so-called circuit breaker mechanism will end until further notice, the government said in a statement. ...

  Bloomberg United Airlines Holdings Inc blamed the US Federal Aviation Administration and the nation’s air traffic control system for exacerbating the issues plaguing the industry, saying the agency has been overwhelmed by the volume of flights. The FAA rejected that criticism in a sharply worded rejoinder. The carrier estimated that more than 50% of its delay minutes and 75% ...

  Bloomberg Airbus SE is leading a race against Boeing Co over the potential sale of about 30 wide-body aircraft to Malaysia Airlines as the Southeast Asian carrier, seeking more fuel-efficient jets amid a travel rebound, focuses on cost. Airbus is offering its A330neo range of aircraft while Boeing is pushing its 787 Dreamliners, according to people familiar with the ...

  Bloomberg The US Transportation Department awarded 16 coveted flight slots at Newark Liberty International Airport to Spirit Airlines Inc, denying requests by rivals JetBlue Airways Corp and Alaska Air Group Inc. The government said Spirit is “most likely to provide the lowest fares to the most consumers,” according to a statement. The decision gives Spirit access to times for ...

Bloomberg KLM was sued by Dutch environmental pressure groups which alleges its “Fly Responsibly” ad campaign amounts to greenwashing, in one of the first such lawsuits to hit a major airline. KLM, the Dutch arm of Air France-KLM, has run ads that give customers “the false impression that its flights won’t worsen the climate emergency,” breaching European Union rules, the ...

  Bloomberg The Italian government has received offers from foreign bidders for its new national airline Italia Trasporto Aereo, or ITA, the successor to long-troubled carrier Alitalia, according to people familiar with the matter. The offers are about 200 million euros ($205 million) lower than the initial ones, said one of the people who declined to be named because the ...

  Bloomberg Just 20 minutes north-west of Singapore’s Changi Airport — regularly voted the world’s best — is Seletar Airport, the city-state’s second, and far well less known, airfield. It’s predominantly where the super-rich land in their private jets. It’s also where the future of aviation could be taking off. The neighbourhood, more known for its laid-back cafes in restored ...

Bloomberg Scandinavian airline SAS AB filed for Chapter 11 to tackle its debt burden for a second time in two years as the recovery from the disruption caused by the coronavirus pandemic has been slower than expected. Scandinavia’s largest airline has been in talks with its creditors to convert 20 billion Swedish kronor ($1.9 billion) of outstanding debt and hybrid ...

Bloomberg EasyJet Plc Chief Operating Officer Peter Bellew is leaving, just as the UK discount carrier grapples with flight cancellations and strikes disrupting its service. Bellew, 57, who joined from low-cost rival Ryanair Holdings Plc in 2019, will be succeeded as interim COO by David Morgan, who has filled the role on a temporary basis previously, EasyJet said in a ...