Pretoria / Bloomberg South African Airways SOC Ltd. said the airline subsidized its low-cost entity Mango Airlines by sub-leasing planes at a discount to market value, a move that may have given the carrier an advantage in the country’s highly competitive budget market. The state-owned carrier sub-leased Mango all 10 of its aircraft “at a significantly discounted cost” while ...

  Bangkok / AFP King Power, the Thai duty-free conglomerate behind the remarkable rise of English football champions Leicester City, said on Tuesday it had bought a $225 million stake in Thai Air Asia, the country’s largest budget airline. The purchase allows King Power’s billionaire owner Vichai Srivaddhanaprabha to further tap into Thailand’s booming tourism industry and expand beyond his ...

  Sydney / Bloomberg Qantas Airways Ltd. could be China’s next investment target after conglomerates from the country bought stakes in the Australian carrier’s closest domestic rival, Credit Suisse Group AG said. Separate investments in Virgin Australia Holdings Ltd. by HNA Group and Nanshan Group in the past two weeks have put around one third of the airline in Chinese ...