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Air France to upgrade A330s with lie-flat seats

Bloomberg Air France will invest 140 million euros ($159 million) extending a cabin refurbishment to its Airbus Group SE A330 fleet that will include lie-flat business-class seats from Zodiac Aerospace, the embattled supplier that has struggled to fulfill orders. The upgrade will begin late next year and finish in 2018, the airline said in a statement. Each of the twin-aisle ...

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New Marks & Spencer boss starts with familiar sales decline

LONDON / Reuters British retailer Marks & Spencer (M&S) on Thursday reported another fall in quarterly underlying sales in its clothing division, illustrating the extent of the challenge facing its new boss. Steve Rowe, an M&S veteran of 26 years, succeeded Marc Bolland as chief executive of the clothing and food stores group on Saturday, stepping-up from the role he ...

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Avolon owner Bohai Capital to nearly double aircraft fleet -COO

BEIJING / REUTERS Chinese aircraft lessor Bohai Capital, known for its September purchase of Irish peer Avolon Holdings Ltd, aims to nearly double its fleet in coming years to take advantage of a boom in Chinese travel demand, a top executive said. Bohai Capital and other state-backed firms are expanding in the aircraft financing and leasing business as customer airlines ...

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