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Biggest neo customer upgraded 125 planes

Bloomberg Airbus SE’s latest monthly order tally signalled a big change for India’s IndiGo. The planemaker’s biggest customer for the A320neo is upgrading 125 of its existing orders for the narrowbody’s bigger sister model. IndiGo, one of the few Indian carriers with enough cash to aggressively expand, has been mapping out a way to build a long-haul, low-cost business taking ...

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Venezuelan airline revives direct flight from Caracas to NY

Bloomberg Venezuelan airline Aerolineas Estelar Latinoamerica CA will begin to offer a direct flight from Caracas to New York more than two years after the route disappeared from its itineraries. Isolated Venezuelans have few options when flying. Carriers such as Delta Air Lines Inc., Latam Airlines SA and Avianca Holdings SA have scrapped flights to Caracas for security reasons as ...

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Toshiba loses $806mn buying into America’s natural gas boom

Bloomberg Buy high, sell low and guarantee a loss. It’s not exactly what Toshiba Corp planned when it dipped its toes in liquefied natural gas trading. Yet that’s exactly how it turned out, as the Japanese industrial giant capped off its five-year misadventure in LNG by paying ENN Ecological Holdings Co $806 million to take its interest in a US ...

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