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Frontier Airlines files for initial public offering

  Bloomberg After three years of slashing costs and shaking up its flight routes, Frontier Group Holdings Inc. is ready to pitch its story to public investors. The no-frills carrier filed for a rare US airlines IPO with an offering size of $100 million, according to a filing Friday, which is a placeholder amount used to calculate fees and will ...

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Lufthansa heats up race for cheap flights to US

  Bloomberg Deutsche Lufthansa AG wants to add long-distance airplanes to its low-cost Eurowings arm as competition for discount travelers from Europe to the Americas intensifies. “We need aircraft beyond the seven we have,” Lufthansa Chief Executive Officer Carsten Spohr said at an aviation event, referring to the Airbus A330s based in Cologne that Eurowings uses for inter-continental leisure flights. ...

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Quebec decries ‘shocking’ Bombardier bonuses after taxpayer aid

  Bloomberg Bombardier Inc. should review the bonuses it awarded top executives after taxpayers helped underwrite the company’s still-fragile recovery, Quebec Finance Minister Carlos Leitao said. “People are shocked, and I’m shocked” at the compensation, Leitao told Quebec’s TVA television network in an interview. “I’m urging the board to rethink the compensation policy. I’m inviting them to review all this ...

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