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SAA to favour Vodacom executive as CEO

Bloomberg South African Airways (SAA) has identified Vodacom Group Ltd. executive Vuyani Jarana as the leading candidate to become the struggling state-owned carrier’s first permanent chief executive officer since November 2015, according to three people familiar with the matter. The debt-laden airline hasn’t made a profit since 2011 and is in talks with banks about repaying or refinancing 8.9 billion ...

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Airlines, airports may struggle with US security deadlines

Bloomberg Airlines and overseas airports will struggle to meet deadlines for implementing broad new security requirements on flights to the US, airline industry groups and consultants say. Airports have a short timeline to comply with a few of the directives the Department of Homeland Security, according to a memo from the International Air Transport Association to its members. Some technology ...

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EU fine to cut Google profit by $2.74bn

Bloomberg Alphabet Inc. said that the European Commission’s recent antitrust fine will reduce second-quarter profit by about $2.74 billion. The company plans to report the fine in a separate operating expense line on its income statement. It’s not tax deductible, so the charge will reduce Alphabet’s net income and earnings per share by the full $2.74 billion amount, it said ...

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