British Airways set to enter day two of crippling pilot strike

A pilot strike at British Airways wiped out all but a handful of flights on Monday and is set to continue for a second day in the absence of talks between the union and management over a pay dispute. The unit of IAG SA is preparing to cancel almost all of its Tuesday timetable, amounting […]
  • Bloomberg News
  • September 9, 2019

FedEx ends ground-delivery deal with Amazon

FedEx Corp. is snipping another tie with Amazon.com Inc. as the e-commerce giant emerges as a competitor by building its own shipping network. The ground-delivery contract with Amazon won’t be renewed when it expires at the end of this month, FedEx said in a statement. The decision quickens the company’s retreat from the largest online […]
  • Bloomberg News
  • August 7, 2019

Hong Kong flight disruptions increase: Airport strike update

Disruptions to flights in and out of Hong Kong worsened on Monday after protesters coordinated strikes to bring the city to a standstill. After dozens of morning cancellations, airport authorities said they would reschedule flights starting from 12 p.m. local time and reduce the volume of arrivals and departures. Pilot and flight-crew unions for Hong […]
  • Bloomberg News
  • August 5, 2019

British Airways locked in negotiations to avert strike by pilots

British Airways is locked in talks with its pilot union in a last-ditch attempt to diffuse a dispute over pay and avoid a walkout by crew in the critical summer travel season. Management from the airline and representatives of the British Airlines Pilots Association, or Balpa, are meeting in London Friday at the U.K.’s state-backed […]
  • Bloomberg News
  • August 2, 2019

HNA-backed Swissport plans $1.8B debt refinancing

Swissport International, the airport-cargo handler owned by Chinese troubled conglomerate HNA Group Co., said it plans to refinance some of its outstanding debt amid stable earnings growth. The announcement confirmed an earlier Bloomberg News report. According to Swissport’s statement on Monday, its 1.6 billion-euro ($1.8 billion) refinancing comprises of: A new 75 million-euro revolving credit […]
  • Bloomberg News
  • July 29, 2019

UPS to add Sunday pickup, delivery in 2020

United Parcel Service Inc. will begin Sunday pickup and delivery next year, joining competitor FedEx Corp., which announced the move to seven-day service in May. The two largest U.S. couriers are under pressure to speed up deliveries as longtime customer Amazon.com Inc. morphs into a competitor by building out an overnight cargo-airline service, as well […]
  • Bloomberg News
  • July 23, 2019

Temasek-backed SATS plunges on macro headwinds, Jet Airways

Singapore airline services provider, SATS Ltd., plunged after it reported a drop in earnings due to global macro headwinds and suspension of an Indian airline. Shares of SATS plunged as much as 5.6% on Friday, the most in nearly seven years. The provider of in-flight meals and ground-handling services, considered a bellwether of global economy, […]
  • Bloomberg News
  • July 19, 2019

Amazon unveils futuristic helicopter-plane hybrid drone for deliveries

Amazon.com Inc. has unveiled a revolutionary new drone — part helicopter and part science-fiction aircraft — that the company expects to use for test deliveries of toothpaste and other household goods starting within months. The new device takes off vertically, then tilts to fly horizontally like a plane. It also features artificial intelligence, using a suite of […]
  • Bloomberg News
  • June 5, 2019

Air cargo carriers are caught in crossfire of Trump-China trade war

Donald Trump’s intensifying trade war with China dented air cargo traffic even before FedEx Corp. got dragged into the brawl, as companies worldwide reconfigure their supply chains in the face of increasing tariffs. Global cargo demand fell 4.7% in April from a year earlier, according to the International Air Transport Association, equaling a February drop […]
  • Bloomberg News
  • June 3, 2019

Flying taxi startups using European technology to debut in Asia

The world’s first passenger-drone services may debut in Asia -- but the technology behind these flying taxis will be largely European. Volocopter GmbH of Germany said Thursday it will open a landing facility in Singapore later this year for trial flights, while Austria’s FACC AG is working to produce hundreds of passenger drones for Chinese partner EHang Inc.by the […]
  • Bloomberg News
  • May 23, 2019

Google spinoff’s drone delivery business first to get FAA approval [VIDEO]

An offshoot of Alphabet Inc.’s Google has become the first drone operator to receive government approval as an airline, an important step that gives it the legal authority to begin dropping products to actual customers. The subsidiary, Wing Aviation LLC, now has the same certifications that smaller airlines receive from the U.S. Federal Aviation Administration and the Department of […]
  • Bloomberg News
  • April 24, 2019

Brazil’s Bold Privatization Plan Put to Test With Airport Tender

President Jair Bolsonaro’s market friendly agenda faces a key test on Friday with an airport auction that will serve as a gauge of investors’ appetite for the administration’s massive privatization plan. The tender is expected to generate 3.5 billion reais ($910 million) in investments in the next 30 years. That figure includes a minimum initial […]
  • Caryn Livingston
  • March 15, 2019

Crew Recording on Doomed Amazon Jet Reflects `Loss of Control’

Recorded conversations by pilots on a cargo jet carrying packages for Amazon.com Inc. that crashed last month near Houston reveal they began losing control of the aircraft about 18 seconds before it slammed into a shallow bay, investigators said Tuesday. The communications captured on the cockpit sound recorder were “consistent with a loss of control […]
  • Bloomberg News
  • March 5, 2019

U.K. Terror Police Say Explosive Devices Sent to Transport Hubs

Three packages containing improvised explosive devices were mailed to two London airports and a major train station on Tuesday, the Metropolitan Police said in a statement. The Met’s counter-terrorism command is investigating and treating the incidents as linked. The white postal bags each contained small devices, one of which was opened, causing it to ignite, […]
  • Bloomberg News
  • March 5, 2019
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