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Turkish Air weighs options to finance move to new airport

Bloomberg Turkish Airlines is considering options to fund its planned move to Istanbul’s new airport, due to open at the end of next year, reports said. Options under consideration include having the new airport’s consortium of builders, known as IGA, construct and own the facilities and lease them to the airline, three people said, asking not to be identified because ...

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Indian police to probe $10.8bn plane order

Bloomberg India’s federal investigation agency will probe a decade-old deal by the national carriers to acquire 111 aircraft, which saddled the flag carrier Air India Ltd. with losses, the Central Bureau of Investigation said. The CBI, as the federal police is known, registered three cases and one preliminary inquiry in the light of orders from the Supreme Court in January, ...

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British Air meltdown feeds outrage at airline cost cuts

Bloomberg British Airways’ epic meltdown over a busy holiday weekend further fanned public outrage of an industry infamous for its focus on cost cuts over customer service, leaving the UK carrier scrambling to explain how a local computer outage could lead to thousands of stranded passengers. Amid United Airlines’ dragging fiasco, mass cancellations at Delta Air Lines and U.S. concerns ...

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