Bloomberg India’s federal investigation agency will probe a decade-old deal by the national carriers to acquire 111 aircraft, which saddled the flag carrier Air India Ltd. with losses, the Central Bureau of Investigation said. The CBI, as the federal police is known, registered three cases and one preliminary inquiry in the light of orders from the Supreme Court in January, ...

Bloomberg British Airways’ epic meltdown over a busy holiday weekend further fanned public outrage of an industry infamous for its focus on cost cuts over customer service, leaving the UK carrier scrambling to explain how a local computer outage could lead to thousands of stranded passengers. Amid United Airlines’ dragging fiasco, mass cancellations at Delta Air Lines and U.S. concerns ...

DUBAI / WAM Dubai Financial Market (DFM) for the fifth consecutive year and as part of its leading investor and issuer services, has successfully accomplished its cash dividend distribution for the financial year 2016, with as much as AED12.6 billion been disseminated to 331,000 investors. The number of listed companies that have outsourc- ed the dividend distribution process to DFM ...