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EasyJet targets full capacity as slump boosts discount flights

Bloomberg EasyJet Plc said enduring demand for discounted flights should allow it to return to pre-pandemic levels of capacity by next summer, even as soaring inflation weighs on household incomes. Early bookings for the second half starting from April “look positive,” with ticket prices and occupancy for Easter stronger than a year ago, Luton, England-based EasyJet said in a statement. ...

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Tata to merge Air India with Singapore Airlines’ Vistara

  Bloomberg Tata Group will merge Air India Ltd with Vistara, which it jointly holds with Singapore Airlines Ltd, creating a behemoth in one of the world’s fastest-growing aviation markets. The deal will give Singapore Air a 25.1% stake in the merged carrier for an investment of $250 million, according to an exchange filing. Both the partners have agreed to ...

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Adani fundraising targets retail buyers, allows discount pricing

  Bloomberg Adani Enterprises Ltd, the flagship firm owned by Asia’s richest person Gautam Adani, chose a fundraising route for its $2.5 billion share sale that allows the group to woo retail investors through potentially discounted prices. The 200 billion rupee ($2.5 billion) equity sale via the further public offer mechanism gives the company maximum flexibility, including pricing at a ...

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