Bloomberg American Airlines Group Inc surged, leading an industry rally after saying that corporate and international flying are coming back and that it will be profitable this quarter. The upbeat outlook came as American reported that first-quarter revenue rebounded to 84% of pre-pandemic levels as offices reopened and travel restrictions were lifted across the globe. Sales this quarter will exceed …

  Bloomberg India will finalise the sale of state-owned helicopter service provider Pawan Hans Ltd and has received bids from companies including JSW Steel Ltd and Jindal Steel & Power Ltd, according to people with the knowledge of the matter. A group of officials headed by Cabinet Secretary Rajiv Gauba was expected to meet to pick the winning bid, the …

  Bloomberg A new budget carrier meant to be the first international customer for China’s homegrown passenger jet is going with Airbus SE for its first plane, the carrier’s website shows. Indonesian low-cost carrier PT TransNusa Aviation Mandiri may eventually have as many as six Airbus jets in its fleet, with a second due to arrive next month, a person …