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Billionaires differ over ‘one issue’ at IndiGo: CEO

Bloomberg Billionaire founders of IndiGo, Asia’s biggest budget airline by market value, are debating “one issue,” the company’s chief executive officer said, days after local media reported the owners have fallen apart. “There are absolutely no differences on strategy, no differences on international expansion, no differences on management selection,” CEO Ronojoy Dutta said in a conference call with analysts. “There ...

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Max grounding loss to top $500m, say China carriers

Bloomberg Chinese airlines seeking compensation from Boeing Co said the grounding of its 737 Max jet is on track to result in losses of more than $500 million for the carriers. The airlines could lose 4 billion yuan ($580 million) if the suspension lasts through June, Liu Shuguo, secretary general of the China Air Transport Association, said at a briefing ...

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UK retail sales beat economists’ forecasts

Bloomberg UK consumers unexpectedly kept up spending last month as retail sales beat economists’ forecasts. The volume of goods sold in stores and online was unchanged following three consecutive months of gains, the Office for National Statistics (ONS) said. Expectations were for a 0.3 percent drop. The good news may not last. A separate survey for the month of May ...

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