Aviation

  Bloomberg Spirit Airlines Inc is holding talks with would-be suitor JetBlue Airways Corp over its revised $3.4 billion all-cash takeover bid and will announce a recommendation from its board ahead of a June 30 shareholder meeting. The deep-discount carrier said it’s also continuing talks with Frontier Group Holdings Inc over a previous buyout deal originally valued at $2.9 billion ...

Bloomberg Europe’s air travel chaos spread to Switzerland on Wednesday after a technical malfunction at the country’s air traffic control system shut down flights nationwide and left thousands stranded across the continent. Swiss airspace was closed around 6:30 am and remained so for roughly two hours. Zurich Airport said flights gradually returned to normal operating capacity as of 10 am. ...

  Bloomberg United Airlines Holdings Inc has quietly divested its stake in the parent company of former regional carrier ExpressJet Airlines Inc, according to people familiar with the matter. United had maintained a 49.9% position in ManaAir after shuttering ExpressJet’s regional feed operations almost two years ago after the onset of the Covid-19 pandemic. ExpressJet, which has an operating certificate ...

  Bloomberg Air France-KLM vowed to expand low-cost and transatlantic flights after raising 2.26 billion euros ($2.4 billion) to repay a chunk of the state aid that helped the carrier survive the Covid-19 crisis. The proceeds of the rights issue launched last month will be used to reimburse about 1.7 billion euros of bonds issued last year and held by ...

  Bloomberg IndiGo, India’s largest airline, looks close to inducting its first freighter plane as it seeks to capture the boom in air cargo driven by the pandemic. An IndiGo CarGo-branded aircraft was spotted at Seletar Airport in Singapore’s north east. Seletar is a much smaller airport than Changi Airport, serving mainly private jets, a few regional commercial flights and ...

  Bloomberg Cathay Pacific Airways Ltd flagged it will post a narrower first-half loss than the previous year on continued strong cargo demand and cost-cutting measures. “Our consolidated losses in the first half of 2022, while substantial, are expected to be lower than the consolidated losses reported in the first half of 2021,” Ronald Lam, the airline’s chief customer and ...

  Bloomberg Canada plans to end Covid-19 vaccine mandates for domestic air and rail travel, as well as outbound international travel, CBC News reported, citing people with direct knowledge of the decision. An announcement was expected on Tuesday. The government may reinstate the vaccine requirement if there’s a new variant of the virus, CBC reported. Prime Minister Justin Trudeau’s government ...

  Bloomberg With the major tourism market of China still mostly sealed off from the rest of the world, AirAsia, the budget carrier of Capital A Bhd, is turning to India to make up the shortfall. “India is definitely a very, very important market,” AirAsia Malaysia Chief Executive Officer Riad Asmat said on the sidelines of the Aviation Festival Asia ...

Bloomberg It’s not easy to wipe the trademark grin off Branson’s face, but one way is to ask the British billionaire about the challenges facing his home country. Speaking in Texas about Virgin Atlantic Airways’ bid to tap Austin’s tech boom with its first flights to the state, Branson’s ebullience fades when the conversation switches to the economic squeeze and ...

Bloomberg Ryanair Holdings Plc’s Spanish cabin crew unions have announced a strike in late June and early July after pay talks fell apart. Workers are set to strike on June 24, 25, 26 and 30, as well as on July 1 and 2, officials for the main Spanish crew unions USO and SITCPLA said in a press conference in Madrid. ...