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Ethiopian Airlines revenues rise

  ADDIS ABABA / Reuters Ethiopian Airlines’ chief executive said that a US order temporarily halting immigration from seven Muslim-majority states was creating confusion for passengers but was not having much impact overall on its operations. Tewolde Gebremariam also said the airline’s revenue rose 10.3 percent to 54.5 billion birr ($2.43 billion) in the 2015/16 fiscal year, while passenger numbers ...

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Brazil airline Azul files for US initial public offering

  Bloomberg Azul SA, the Brazilian airline led by JetBlue Airways Corp. founder David Neeleman, filed for an initial public offering in the U.S., following at least two previous delays because of slumping Brazilian stocks. The Sao Paulo-based airline filed Monday for a $100 million IPO, a placeholder amount used to calculate fees that may change. Proceeds from the offering ...

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Bombardier’s marquee jets get $282mn Canada boost

  Bloomberg Canada’s government will provide C$372.5 million ($282 million) in support for Bombardier Inc. to help fund two jet programs, including the C Series, the single-aisle plane that competes with Boeing Co. and Airbus Group SE products. About a third of the so-called “repayable program contributions” will go to the C Series while the rest will bolster the Global ...

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