Bloomberg Air India Ltd announced a 470-plane order with Airbus SE and Boeing Co in what stands to be the largest purchase in commercial aviation history, underscoring the industry’s recovery from the coronavirus pandemic and the airline’s ambition to become a global force after years of contraction. The carrier will purchase 250 Airbus jets including 210 A320neo family aircraft …

Bloomberg Deutsche Lufthansa AG grounded all of its flights on Wednesday after damage to a set of Deutsche Telekom AG broadband cables caused widespread IT problems. Some flight operations have resumed, though all flights in Frankfurt, its main base, remain grounded, a spokesman said. Lufthansa expects the problem to be resolved by early evening. Lufthansa’s global flight operations centre is …

  Bloomberg Hennes & Mauritz AB is expanding into the business of textile-sorting as it forms a venture to deal with waste in the fashion industry. The Swedish retailer has created a joint venture with recycling company Remondis with the aim of extending the life of about 40 million garments in 2023. The business, called Looper Textile Co, will collect …