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Boeing to sell freighters to Russia’s Volga-Dnepr

Bloomberg Boeing Co. sealed a deal to sell 777 freighters with a sticker price of almost $10 billion to Russia’s Volga-Dnepr Group, the world’s largest carrier of outsize cargo. Volga-Dnepr signed a letter of intent to buy 29 of the 777s and confirmed a $2 billion order for five 747-8 freighters, Boeing said in a statement. The 777F is priced ...

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Beach-loving Chinese are Philippine Air’s next target

Bloomberg The sandy shores of the Philippines will soon be within easier reach of Chinese tourists looking for a summer vacation spot. Philippine Airlines Inc. plans to begin flights this year to secondary cities in China, which may include Nanning, Haikou, Hangzhou and Chengdu, where tourists rent planes to go to the island resorts of Boracay, Palawan and Cebu, President ...

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Toys ‘R’ Us workers to seek higher priority status for severance

Bloomberg Former Toys ‘R’ Us workers will be asking a judge to award them severance and grant them the same priority for getting paid as the lawyers, financial advisers and suppliers who were considered vital to winding down the retailer’s US stores. Toys ‘R’ Us Inc. agreed to give the workers until July 23 to file the request, according to ...

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