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Avianca Brasil to target sale of 20% stake for $150mn

  Bloomberg Avianca Brasil, one of the airlines controlled by Jose and German Efromovich, is seeking to sell an ownership stake of as much as 20 percent for more than $150 million, said a person with direct knowledge of the matter. The carrier hired UBS Group AG to advise on the potential transaction and the sale process has started, said ...

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EasyJet appoints board member as COO amid cost-cutting

  Bloomberg EasyJet Plc appointed Christine Browne, a former executive at tour operator TUI AG’s airline division, as chief operating officer amid efforts to reduce costs and ride out turmoil across the European market that’s eating into the discount carrier’s profit. Browne, 56, will leave a non-executive post on EasyJet’s board to take up her new position as of Oct. ...

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Air France workers on trial over ripping off bosses’ shirts

  AP Fifteen current and former Air France workers went on trial on Tuesday for alleged violence during a union protest last year at the airline’s headquarters that saw two company executives flee over a fence with their shirts ripped off. The incident, caught on camera, was a high-profile example of the often strained relations between French workers and their ...

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