Aviation

BLOOMBERG Delivery Hero SE confirmed that it’s in talks to sell part of its business in Southeast Asia, where growth has stagnated since Covid-19 lockdowns eased.  The company is in negotiations to sell the Foodpanda brand in Singapore, Malaysia, Philippines, Thailand, Cambodia, Myanmar and Laos, Berlin-based Delivery Hero said in a statement. The negotiations are at an early stage and ...

BLOOMBERG American Airlines Group Inc joined a growing number of carriers around the globe that have discovered improperly certified replacement parts sold by a London-based company on their aircraft. American disclosed the finding to Bloomberg News, hours after US federal aviation regulators issued a warning to airlines and other aviation-industry companies. The carrier didn’t immediately identify the type of parts ...

BLOOMBERG Coty Inc raised its sales outlook for the current fiscal year, citing continued robust demand for higher-end fragrances. The maker of Burberry and Gucci fragrances now sees like-for-like sales growth of 8% to 10% in the fiscal year that started in July. That’s up from the 6% to 8% sales-growth forecast the company gave in August. Sales are expected ...

BLOOMBERG JSX Inc, a small carrier that offers private-jet style travel at close to commercial-jet prices, will cut nearly all of its flights out of Austin after losing access to one of its original operating facilities. Starting from October 1, the carrier will drop as many as three flights a day between Austin and Dallas, according to Ben Kaufman, a ...

BLOOMBERG Akasa Air, India’s newest airline, was forced to thin out its schedule after some pilots left and joined bigger competitors. “In the last thirty days, we have rationalised our network,” Akasa CEO Vinay Dube wrote in an email to employees that was seen by Bloomberg News. “We have chosen to fly less and give up market share in the ...

BLOOMBERG Ocado Group Plc said its online retail joint venture is making some progress, with volumes showing a slight recovery as shoppers hunt around for affordable food. The 50-50 venture between Ocado and Marks & Spencer Group Plc said it recorded a return to positive volume growth in the last month of the third quarter. Average orders per week and ...

BLOOMBERG A Liechtenstein court order has exposed a trove of luxury cars and watches among the items seized by prosecutors investigating allegations of fraud linked to one of the investors aiming to revive India’s Jet Airways. The supreme court in Liechtenstein rejected an appeal to unfreeze the assets that include seven Porsche cars, five Rolex “boxes” and a classic car ...

BLOOMBERG Amazon.com Inc plans to hire 250,000 logistics workers, suggesting the online retailer is bullish about what’s otherwise expected to be a humdrum holiday shopping season. The recruits will include full-time, part-time and seasonal workers at hourly rates ranging from $17 to $28 per hour depending on location, the company said in a blog post. Some new hires will be ...

BLOOMBERG The heads of the two biggest discount carriers in the UK are calling for a change of leadership at the country’s air traffic management provider after repeated disruption during the busy summer travel season. Ryanair Holdings Plc’s outspoken Chief Executive Officer Michael O’Leary called for NATS CEO Martin Rolfe’s resignation after a staffing shortage at London’s Gatwick Airport led ...

BLOOMBERG Virgin Australia Airlines Pty found a second suspected unapproved plane part from obscure UK supplier AOG Technics Ltd, as the industry continues to hunt down bogus components that have spread across the global fleet. The Australian airline discovered a seal with false certification documents on an inner high-pressure turbine nozzle on a Boeing Co 737 jet, according to a ...