Bloomberg Airline stocks extended this month’s rebound, outperforming the broader market after Spirit Airlines Inc.’s upbeat outlook suggested the industry’s turnaround may be gaining momentum. Spirit surged as much as 22 percent, the most on record, and the S&P Supercomposite Airlines Industry Index was up nearly 2 percent. The S&P 500 Index was little changed. The airline index, which does …

Bloomberg A malfunctioning sensor at the centre of the investigation into the October 29 crash of a Lion Air jetliner into the Java Sea wasn’t repaired before the fatal flight even though it had failed on the plane’s previous trip, according to a preliminary investigative report. A mechanic worked on other sensors and equipment during a night shift before the …

Bloomberg Dubai Aerospace Enterprise (DAE), the Middle East’s biggest plane-leasing company, said its board and shareholders approved an additional $300 million to repurchase bond. It will be conducted through open-market transactions, the company said. To date, Dubai Aerospace has repurchased $295 million of principal amount of its publicly traded bonds under the previous authorisation of $300 million. The company currently …