Bloomberg British Airways (BA) faces a coordinated campaign for bigger salary increases from pilots, cabin crew and ground staff in a challenge to its efforts to beat down costs. The British Airline Pilots Association, Unite and GMB unions are seeking BA’s first-ever joint pay deal, they said in a statement. The three-year plan would feature settlements above inflation, bonuses that ...

Bloomberg US private-equity firm Indigo Partners agreed to invest an undisclosed sum in Iceland’s Wow Air Hf, breathing new life into the discount carrier just hours after another suitor walked away. Indigo is led by William Franke, who has founded or invested in low-fare carriers around the globe. Terms of the preliminary agreement weren’t disclosed in a statement from the ...

Bloomberg Employees of Sears Holdings, inspired by the hardship fund for workers affected by the collapse of Toys ‘R’ Us Inc., are asking Chairman Eddie Lampert and the firms involved in the chain’s bankruptcy to preserve jobs and stores as well as guarantee severance pay and pensions. “While we understand that Sears and Kmart must make changes to survive, we ...