Aviation

Bloomberg Deutsche Lufthansa AG management apologised for the disruptions and cancellations bedeviling the global aviation industry and cautioned the situation won’t improve in the near future as carriers and airports struggle to rebuild operations from the pandemic slump. In a letter sent overnight to customers, Europe’s biggest airline group laid out the causes of the chaos, from a lack of ...

  Bloomberg Airbus SE has emerged as the front-runner to win an order for as many as 50 aircraft worth up to $5.5 billion from Jet Airways India Ltd, people familiar with the matter said, solidifying the European planemaker’s hold in the world’s fastest-growing aviation market. The talks are for A320neo jets and A220 planes, the people said, asking not ...

  Bloomberg JetBlue Airways Corp continued its fight to acquire Spirit Airlines, raising its all-cash bid yet again in response to an increased offer by rival suitor Frontier Group Holdings Inc in the days before a crucial shareholder vote. The new proposal includes an accelerated prepayment of $2.50 a share, structured as a cash dividend to Spirit shareholders after approval ...

  Bloomberg The UK Civil Aviation Authority (CAA) reduced the charges London Heathrow airport will be able to levy from airlines over the next five years. The hub said the fees don’t cover required investments and that the passenger experience is set to suffer. UK airports have already been struggling with resurgent traffic as pandemic restrictions ease, with flight and ...

Bloomberg The Netherlands is planning to cut Schiphol airport’s capacity by about 20% next year to reduce noise pollution, a move the global airline lobby described as a “shocking blow” to aviation, jobs and the economy. The Dutch government said it will introduce a maximum limit of 440,000 flights at the Amsterdam hub in November 2023, meaning it will no ...

Bloomberg United Airlines Holdings Inc pilots tentatively agreed to a new contract that gives them 14.5% raises, increased overtime pay and other benefits, setting the standard as other major carriers negotiate deals with their aviators at a time of rebounding travel demand. The higher pay will come in three increases over an 18-month span, the Air Line Pilots Association said. ...

  Bloomberg Akasa, India’s newest airline, will conduct a proving flight with the country’s Directorate General of Civil Aviation as early as this week as it looks to start commercial services by around the end of July, CEO Vinay Dube said. Akasa, backed by billionaire Rakesh Jhunjhunwala, will likely receive its air operator’s certificate within days of the proving flight, ...

  Bloomberg Air India Ltd is considering hiring retired pilots, according to an airline official with knowledge of the matter, as the money-losing carrier seeks to bolster staff to prepare for one of the largest aircraft orders in commercial aviation history. The former state-run airline reached out to superannuated pilots, asking if they would be willing to opt for an ...

Bloomberg A wave of airline strikes and flight cancellations is deepening Europe’s transport crisis, disrupting travel plans just as the region’s peak summer season gets under way. Walkouts in coming days at Ryanair Holdings Plc, EasyJet Plc, British Airways and Aeroports de Paris (ADP) will add to the turmoil from staffing shortages that are leading to hours-long delays and thousands ...

  Bloomberg Deutsche Lufthansa AG doesn’t expect flight operations to return to normal until next year, after cutting 3,100 flights from its summer schedule due to staff shortages. “Unfortunately, we will hardly be able to realistically achieve a short-term improvement now in the summer,” Lufthansa board member Detlef Kayser said in an interview with Die Welt. The only option for ...