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Air India Assets plans $3.2 billion bond sale

Bloomberg Air India Assets Holding Ltd, a special purpose vehicle that holds part of the state-owned carrier’s debt and assets, is planning its first rupee-denominated bond sale to refinance some debt of the airline. Air India Assets is aiming to raise 220 billion rupees ($3.2 billion) and has sought fee bids from bankers, people familiar with the matter said. Out ...

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Delta to offer ‘welcome beverage’ to coach flyers

Bloomberg As airlines boost profits by packing more passengers into smaller spaces, lengthy international trips have become increasingly cramped and miserable. Delta Air Lines Inc hopes a refreshing drink and a nicer dinner setting will help make up for all that. Starting from November 5 in the coach class cabin of international trips of more than 6.5 hours, the Atlanta-based ...

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Sainsbury sales fall in Q1 since Asda deal demise

Bloomberg J Sainsbury’s sales fell in the first quarter since its planned acquisition of Walmart’s Asda collapsed, underlining the need for a revamp of its UK supermarkets. Comparable retail sales excluding fuel dropped 1.6 percent, with general merchandise, clothing and groceries all declining, the retailer said. The shares rose as much as 2.4 percent in London after an early dip, ...

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