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Qatar Airways CEO plans large aircraft order

  Bloomberg Qatar Airways said it’s poised to make a major jetliner purchase, adding to a backlog of more than 340 outstanding orders for Boeing Co. and Airbus Group SE planes. The Gulf carrier will place a “large” aircraft order “soon,” Chief Executive Officer Akbar Al Baker said at a briefing in Doha, without elaborating on the number or class ...

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Aeropostale gets bid to keep 229 stores open

  Blomberg Aeropostale Inc., the bankrupt teen clothing chain, says a group including mall operators General Growth Properties Inc. and Simon Property Group Inc. has bid for “substantially all” its assets with an eye toward keeping at least 229 stores open. The so-called going concern bid would also cover expenses including Aeropostale’s bankruptcy financing, the company said in a filing ...

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Korean Air estimates up to $344mn Hanjin-related losses

  Bloomberg Korean Air Lines Co. estimated losses on its investments in Hanjin Shipping Co., which applied for court receivership, at more than a third of projected operating income for this year. Losses on loans and an equity stake in the container shipping line will be as much as 383.3 billion won ($344 million), Korean Air Lines said in a ...

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