Recent Posts

Business-jet shipments hit decade-high in 2019

Bloomberg Business-jet shipments last year jumped to their highest level in a decade, spurred on by new models and solid US economic growth. Deliveries rose 15% to 809 aircraft, the General Aviation Manufacturers Association (GAMA) said. Sales jumped 17% to $21.1 billion, driven in large part by big corporate planes. New aircraft, including the Gulfstream G500, Bombardier Inc’s Global 7500 ...

Read More »

Walmart loses ‘delivery provider’ amid Amazon clash

Bloomberg Walmart Inc is parting ways with grocery-delivery partner Skipcart, the latest defection from its network of logistics companies who often struggle to make ends meet schlepping cola and cantaloupes for the nation’s biggest food retailer. Skipcart notified Walmart that it was terminating their relationship effective from April 30, according to a letter obtained by Bloomberg News. That end date ...

Read More »

Air Zimbabwe fails to raise investment

Bloomberg Zimbabwe’s troubled national airline has failed to secure outside investment, dealing a blow to government plans to sell state-owned assets and secure much-needed revenue. The airline, which in October 2018 was placed under administration, a form of bankruptcy protection, received expressions of interest from 10 international investors and had short-listed three bidders. “A process to solicit for a strategic ...

Read More »
Send this to a friend