Bristow Group to acquire Berry Aviation for $105 million
Bristow Group (NYSE:VTOL) executed an agreement to acquire Berry Aviation from Acorn Capital Management for $105 million.
Bristow Group (NYSE:VTOL) executed an agreement to acquire Berry Aviation from Acorn Capital Management for $105 million.
EasyJet has rejected three separate offers from Castlelake, prompting the investment firm to take its latest proposal that values the budget carrier at about £4.74 billion ($6.3 billion) directly to shareholders. The UK airline said it rejected the proposal as not being in the best interest of shareholders, accusing Castlelake of trying to buy the company "on the cheap." Bloomberg's Benedikt Kammel reports.
Southwest Airlines Chief Operating Officer Andrew Watterson says business travel has remained "incredibly strong" despite higher costs related to the War in Iran. He speaks with Lisa Abramowicz on the sidelines of the IATA Conference in Brazil.
Latam Airlines CEO Roberto Alvo says that high fuel prices could lead to capacity cuts and South American taxes are keeping some travelers out of the skies. Alvo spoke with Bloomberg's Guy Johnson on the sidelines of the IATA 2026 Conference.
Boeing Co.'s Chief Executive Officer gave investors an optimistic forecast for this year and beyond, as the US planemaker raises production on its workhorse 737 Max jet, nears certification on long-delayed models and expects a windfall from defense spending. The planemaker has successfully completed a so-called capstone review with the Federal Aviation Administration to further increase production of the 737 Max to 47-jet monthly output, a key step to improve profitability and generate cash, Kelly Ortberg said at the Bernstein Strategic Decisions Conference on Wednesday. The company is in the final flight testing stages for the 737 Max 7 and 10 variants, and the intercontinental 777X model, Ortberg said. Still, the certification of seats and the supplies of engines from GE Aerospace for the 787 Dreamliner are bottlenecks that are delaying deliveries. We get reaction from Sid Philip, Chief Aviation Correspondent for Bloomberg News.
For the past several months, the Civil Aviation Administration of China has delayed the final approval that allows Airbus jets to enter the country and be put into service, according to people familiar with the matter. The move signals impatience with how long European regulators are taking to certify Chinese-made aircraft. Bloomberg's Danny Lee reports.
SpaceX filed publicly for what stands to be the largest-ever initial public offering, revealing billions in losses and a super-voting share plan allowing Elon Musk to keep the company under his control. The rocket, satellite and artificial intelligence giant has reported a net loss of $4.28 billion on revenue of $4.69 billion for the first quarter. Some investors remain doubtful whether the sum of Musk's aspirations for SpaceX are worth valuing at as much as $2 trillion. Bloomberg's Charlie Wells discusses on "The Pulse with Francine Lacqua."
Ryanair CEO Michael O'Leary discusses the 'incredibly high" costs of air travel in the US, the availability of jet fuel in Europe, and the potential for casualties among European airlines from higher oil prices.
When Richard Nixon landed in Beijing in 1972 to end a quarter-century of Chinese diplomatic and economic isolation, his hosts were so enthralled with the US president's airliner that within months they ordered 10 Boeing Co. 707 jets. That purchase kicked off one of the most consequential commercial relationships in the planemaker's 110-year history and helped turn China into the world's second-largest aviation market after the US. Now Boeing is poised to reprise that moment when President Donald Trump heads to China this week in search of his own breakthrough with his counterpart, Xi Jinping. Boeing Chief Executive Officer Kelly Ortberg is expected to join the US delegation to China and has dangled the prospect of a major deal, saying Trump's visit would be "a meaningful opportunity for us." We get more from Bloomberg's Sid Philip.
Boeing CEO Kelly Ortberg is expected to join the US delegation to China and has hinted at a major deal, saying President Donald Trump's visit would be "a meaningful opportunity for us." China is considering a deal for about 500 of the 737 Max jets. Bloomberg's Danny Lee reports.