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60 nations back airline emissions plan

  Bloomberg At least 60 nations have agreed to join the voluntary phase of a United Nations programme that would require international airlines to buy credits offsetting their pollution, including new commitments from major emitters like Japan, South Korea, and the United Arab Emirates. The White House believes the new commitments provide critical momentum for the proposed deal heading into ...

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Alaska Air to extend US review of Virgin takeover

  Bloomberg Alaska Air Group Inc. and Virgin America Inc. have agreed to give US antitrust officials more time to review their $2.6 billion deal after the government raised concerns that the combination may undermine competition in some markets. Alaska didn’t specify how much more time it’s given to the Justice Department to complete the review. The airlines had originally ...

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Aritzia may raise $304mn in IPO after upsizing deal

  Bloomberg Aritzia Inc., a Canadian women’s fashion retailer, may raise as much as C$400 million ($304 million) in its initial public offering after boosting the amount of shares being offered by 25 percent. Aritzia owners lifted the number of subordinated shares being sold to 25 million from 20mn, according to sale documents. The shares are being marketed for C$14 ...

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