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China Spring Festival holiday retail sales spike 11.2%

Bloomberg China’s retail sales over the Spring Festival holiday rose 11.2 percent from the same vacation period a year earlier, with cinemas posting sharp increases in box- office sales, the country’s Ministry of Commerce said in a statement Saturday. Retail sales and restaurant receipts in the world’s second- largest economy totaled about 754 billion yuan ($115 billion) in the week-long ...

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Airlines in Southeast Asia may defer plane deliveries: IATA

SINGAPORE /Bloomberg Airlines in Southeast Asia may need to push back delivery of aircraft after a decade of economic growth and optimism about a surge in air travel prompted them to order hundreds of jets from Airbus Group SE and Boeing Co. Carriers in the region that includes Indonesia and Malaysia are now confronted with challenges such as overcapacity and ...

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US, Cuba to sign agreement on restarting commercial flights

HAVANA / AP The United States and Cuba will sign an agreement next week to resume commercial air traffic for the first time in five decades, starting the clock on dozens of new flights operating daily by next fall, US officials said. US Transportation Secretary Anthony Foxx is scheduled to fly to Havana on Tuesday to cement the deal. Barring ...

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