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India targets to sell flag carrier Air India by June

Bloomberg Prime Minister Narendra Modi’s government is close to inviting financial bids for flag carrier Air India Ltd., moving toward the sale of an airline that’s surviving on taxpayer money, Civil Aviation Minister Hardeep Puri said. The financial offers are expected to come in within 64 days from the date of request, he said, addressing the Times Network India Economic ...

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Boeing delivers its first 787 in months as inspections continue

Bloomberg Boeing Co. delivered its first 787 Dreamliner since October, handing over a jet to United Airlines Inc. while the planemaker continues to inspect others for small structural defects. United received a new 787-9 and will take another, a spokeswoman for the airline said. The first plane will be ferried from Charleston, South Carolina, to the carrier’s San Francisco hub ...

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ThredUp jumps after $168 million IPO

Bloomberg ThredUp Inc., the online marketplace for secondhand clothing, climbed 43% in its trading debut after a $168 million initial public offering (IPO). ThredUp, whose shares sold for $14 in the IPO, opened at $18.25 and closed at $20, giving the company a market value of $1.8 billion. While US -based ThredUp is a favourite of sustainability-minded younger shoppers, its focus ...

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