Bloomberg The first and final 747 jumbo jet models both started with a handshake deal. Back in the mid-1960s, the leaders of Boeing Co. and PanAm came to an agreement that if the US planemaker pushed ahead with the audacious new design, the airline would in turn go ahead and buy the giant jetliner. That gentleman’s agreement would kick-start …

Bloomberg The UK will reinstate utilisation rules that mandate airlines use their allocated airport take-off and landing slots or lose them in the next season as travel rebounds from the pandemic. Airlines will be required to use 80% of their airport slots this summer in order to retain them, the Department for Transport said. Carriers will still be able to …

  Bloomberg Chrono24 GmbH, the biggest dedicated online marketplace for luxury watches, cut about 13% of its workforce after prices for the most sought-after Rolex, Patek Philippe and Audemars Piguet timepieces plunged. The company eliminated 65 jobs as it shifted the focus of its operations in the US to Miami from New York, and to Japan from Hong Kong in …