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Trade war: China airlines become collateral damage

Bloomberg Chinese airlines ordered more than $100 billion of planes from Airbus SE and Boeing Co. in the past decade. Paying those bills is getting harder with the prospect of a trade war pushing the local currency to its lowest level in six months. A weaker yuan means Air China Ltd., China Southern Airlines Co. and China Eastern Airlines Corp. ...

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Air Tanzania introduces Mumbai flight

Bloomberg Air Tanzania Co. Ltd. will fly to Mumbai three times a week starting in September, it’s first flight outside the continent, after taking delivery of a Boeing 787-800 Dreamliner next month, the Dar es Salaam-based Daily News newspaper reported, citing Commercial and Business Development Director Patrick Ndekana. Tanzania is revamping its erstwhile struggling national carrier after investing in new ...

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Steinhoff Africa falls as Tekkie Town CEO quits amid lawsuit

Bloomberg Steinhoff Africa Retail Ltd. shares fell after Tekkie Town head Bernard Mostert quit alongside fellow senior managers following a legal claim lodged against the retailer by the shoe chain’s founding shareholders. STAR, as Steinhoff Africa is known, has repeatedly said it shouldn’t be held liable for the claim by Tekkie Town founders led by Braam van Huyssteen, which relates ...

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