BLOOMBERG Finnair Oyj plans to raise as much as €600 million ($632 million) issuing new shares, as the Finnish flag carrier seeks to prop up its balance sheet after its strategy was upended by the closing of Russia’s airspace in the wake of the war in Ukraine. The Finnish state, the carrier’s controlling shareholder, backs the offering and plans to ...

BLOOMBERG British Airways (BA) reached a tentative labour agreement with unionised pilots, removing the threat of a walkout through 2027 as the flagship UK carrier cements a recovery from the Covid-19 era travel slowdown. The agreement in principle builds on pay and working-condition changes made last year, BA said in an emailed statement. Members of the British Airline Pilots’ Association ...

BLOOMBERG The US Federal Aviation Administration (FAA) says it has closed a mishap investigation into the botched flight of Blue Origin LLC’s New Shepard rocket, which suffered a mid-flight failure in September of 2022. The FAA says the problem was due to a structural failure of a nozzle in the New Shepard’s BE-3 engine, which caused the engine to overheat ...