Bloomberg Airbus SE handed over 72 aircraft last month, stepping up deliveries even as coronavirus flare-ups delayed a recovery in air travel. The surge confirmed an earlier Bloomberg report and marked the best performance so far this year for the European planemaker. Its quarterly total of 125 surpassed the 122 aircraft delivered in the year-ago period, largely before the pandemic ...
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UK’s Hammerson sells retail parks for $480m
Bloomberg Struggling UK mall operator Hammerson Plc has agreed to sell its retail parks to Canadian private equity firm Brookfield Asset Management Inc for 350 million pounds ($480 million), the Sunday Times reported. Brookfield will acquire seven retail parks, giving a much-needed financial boost to the owner of Birmingham’s Bullring shopping centre. Hammerson, which owns once-prized shopping centres across the ...
Read More »India’s air passenger demand to double by 2030, says Boeing
Bloomberg Boeing Co expects India’s air passenger traffic to double from pre-pandemic levels by 2030 even as any imminent travel recovery looks to be thwarted by a second Covid wave in the South Asian nation. “Although the Covid-19 pandemic sharply reduced Indian air travel last year, the country’s domestic passenger traffic is recovering more rapidly than in most other countries ...
Read More »New York’s OTG exploring sale
Bloomberg OTG, an operator of restaurants and concessions at US airports, is exploring options including a sale or going public through a special purpose acquisition company, according to people with knowledge of the matter. The New York-based company, which filed to go public in 2016 before delaying plans and citing market conditions, is working with an adviser to solicit interest ...
Read More »Avelo Airlines starts flights with an eye on Southwest
Bloomberg One of two new US low-cost airlines, the first to debut in more than a decade, is about to begin flying just as larger rivals rush to entice customers to return to the skies this summer. Avelo Airlines plans to begin flights on April 28 with 189-seat Boeing Co 737-800 jets going from Burbank, California, to Santa Rosa. Additional ...
Read More »Trump touts appeal to new voters as path for GOP return to power
Bloomberg Donald Trump plans to tell Republican donors that the party will retake control of Congress in the 2022 midterm elections and that “a Republican candidate†will win the White House in 2024 by championing working-class Americans, as he holds out the prospect of running again. Trump’s speech at a Republican National Committee donor event will call for building on ...
Read More »France’s Le Pen gains ground for 2022 polls
Bloomberg French far-right leader Marine Le Pen is increasing her chances of winning the first round of next year’s presidential elections, according to an Ifop-Fiducial poll published by Le Journal du Dimanche. The National Rally party leader would come first in six out of 10 scenarios in the first round if the ballots were cast, the poll showed. She would ...
Read More »Chad’s president targets sixth term
Bloomberg Chad President Idriss Deby, one of Africa’s longest-serving leaders, is defying growing opposition to his bid for a sixth term as he seeks re-election. Chadians are going to polls that are widely expected to see the 68-year-old extend his 30-year premiership. The lead-up to the vote has been marred by violence, with security forces cracking down on protesters and ...
Read More »Poland minister says ‘suicidal’ to vote down EU relief fund
Bloomberg Poland’s finance minister wants political parties to vote in favour of a European Union pandemic relief package as the country will miss out on a cheap financing option to bolster the economy by failing to do so, the Financial Times (FT) reported. Tadeusz Koscinski, who was appointed finance minister by the ruling Law and Justice party, told the newspaper ...
Read More »Brexit Britain’s biggest test might be the ability to survive
Bloomberg Prime Minister Boris Johnson has a fondness for grand projects, but few are as eye-catching as the proposal for a physical link over the Irish Sea between Scotland and Northern Ireland. Whether a multi-billion-pound pipe dream or a token of ambition befitting the post-Brexit era, a feasibility study is underway as part of the government’s review of how to ...
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