March, 2022

• 30 March

  World’s longest passenger jet plans to avoid Russian skies

  

    Bloomberg Cathay Pacific Airways Ltd plans to reroute its New York-Hong Kong service to avoid Russian airspace, in what would be the world’s longest commercial passenger flight by distance. The airline plans to fly from John F Kennedy International Airport over the Atlantic Ocean, the UK, southern Europe and central Asia, according to a memo to Cathay flight staff ...

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• 30 March

  Sustainable fuel key to cleaner aviation: India

  

    Bloomberg India is banking on sustainable fuel-powered airlines and increased digitisation in airports to clean up aviation as the nation prepares for a net carbon zero future by 2070. India will have 96 airports that will be carbon neutral and run on renewable energy by 2024, Civil Aviation Minister Jyotiraditya Scindia said at an event, adding all future airports ...

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• 30 March

  Cebu Air’s local capacity back to pre-pandemic level soon

  

    Bloomberg Cebu Air Inc, the Philippines’ largest carrier, will fully restore its pre-pandemic domestic capacity next month as virus restrictions ease, Chief Executive Officer Lance Gokongwei said. “The travel and tourism sector is well on its way to recovery,” Gokongwei said in a company event in Cebu province, citing increased bookings. Flights from Manila to key local destinations like ...

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• 30 March

  UK designer Ted Baker rejects Sycamore’s $334m bid

  

    Bloomberg Ted Baker Plc’s board rejected two bids from private equity fund Sycamore Partners Management LP, the most recent one for about 254 million pounds ($334 million). Sycamore offered 130 pence a share and raised that to 137.5 pence a share, Ted Baker said. The second bid was 9% higher than the closing price. The shares fell as much ...

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• 30 March

  UK aerospace funding gets $898m for clean fuel move

  Bloomberg The UK allocated a record 685 million pounds ($898 million) of funding over the next three years for the development of aerospace technology, as the industry gears up to make the transition to renewable fuel. The Aerospace Technology Institute will receive an increase of more than 50% on its previous award, the government said in a statement. The group ...

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• 30 March

  United invests $5m to study greener jet fuel

    Bloomberg United Airlines is investing in a startup that could help make larger quantities of jet fuel that’s more environmentally friendly. United announced an initial $5 million investment in Cemvita Factory Inc. and is “contemplating a larger relationship,” according to Mike Leskinen, president of the airline’s venture fund. The Houston-based startup is also backed by Occidental Petroleum Corp. Cemvita ...

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• 30 March

  Russia says it will sharply cut military operations near Kyiv

  

  Bloomberg Moscow said it would sharply cut military operations near the Ukrainian capital of Kyiv and Chernihiv after negotiators from Ukraine and Russia held discussions in Turkey aimed at de-escalating the war. A Ukrainian negotiator said the country is seeking international security guarantees for territory that doesn’t include the separatist-controlled areas of Donbas and Crimea. Russia indicated the talks could ...

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• 30 March

  Ukraine crisis: Chemical weapons a high risk, low gain option for Putin

  

    Bloomberg In recent days, Ukrainian TV stations have been broadcasting messages explaining what to do in the event of a chemical weapons attack, a horrific prospect in an already gruesome war, but one that may also be unlikely. US President Joe Biden has said there are “real concerns” Russia might resort to using the internationally banned munitions, as it ...

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• 30 March

  Kim Jong-un lied about firing newer version of ICBM: Seoul

  

    Bloomberg North Korea tried to deceive the world about the type of missile it fired last week, claiming that it successfully tested a “huge,” new ICBM while actually firing off a rocket first launched in 2017, South Korean defense officials said. The intercontinental ballistic missile that North Korea launched last week was likely a Hwasong-15, which was successfully tested ...

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• 30 March

  Hungary cancels defense chiefs’ meeting as EU allies stay away

  

    Bloomberg Hungary was forced to cancel a meeting of central European defense ministers after two of its closest allies in the European Union pulled out in response to Prime Minister Viktor Orban’s limited support for Ukraine. Hungary was due to host the defense chiefs of the so-called Visegrad Group in Budapest for a two-day meeting starting Wednesday. The event ...

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