BLOOMBERG London’s Southend Airport is seeking a new owner after struggling to establish itself as a hub serving the UK capital. Current owner Esken Ltd said it has started a breakup of its main businesses following a strategic review, including a sale of its aviation business. It has also begun a sales process for the biofuels unit, its other main …

BLOOMBERG Spring Airlines Co, China’s largest budget carrier, says international air travel remains weak and is stunting its recovery from Covid, even as peers globally struggle to keep up with demand. “We’re waiting for stronger demand to come,” Spring Airlines’ Vice-President Zhang Wu’an said at the Aviation Festival Asia in Singapore. For Spring, which operates an all-Airbus SE 117-strong fleet …

BLOOMBERG Coupang Inc, the South Korean e-commerce giant backed by SoftBank Group Corp, reported lower sales than analysts estimated, marring another profitable quarter for the company. Revenue gained 4.9% to $5.33 billion in the October-December period, the US-listed company said in a statement. That compared with an average estimate of $5.45 billion. Coupang’s active customers grew just 1% to 18.1 …