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TUI weighs resurrecting Air Berlin leisure carrier

Bloomberg TUI AG is considering resurrecting efforts to form a joint venture with Air Berlin Plc and Etihad Aviation Group by taking a bigger role in the endeavour than originally planned, according to people familiar with the situation. TUI is studying whether to take a majority stake or even full ownership of the proposed leisure airline — which was intended ...

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Sainsbury sales bask in summer heat

Bloomberg Early summer barbecues and higher prices proved a potent combination for UK supermarket chain J Sainsbury Plc in the first quarter of its financial year. As sweltering temperatures lifted demand for everything from burgers to paddling pools, like-for-like retail sales rose 2.3 percent, London-based Sainsbury said on Tuesday. That compared with the average estimate of nine analysts for a ...

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Air Canada to revive revenue-sharing plan with United

Bloomberg Air Canada is eager to revive a revenue-sharing arrangement with United Airlines on cross-border routes, now that a bill in the Canadian Parliament has been introduced that could make such joint ventures easier to pass regulatory muster. “We’re definitely interested in pursuing a JV with United,” Yves Dufresne, Air Canada’s vice president of alliances and regulatory affairs, said. “The ...

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