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Delta teams up with tiny regional Australian airline Rex

  Bloomberg Delta Air Lines Inc and Australian regional carrier Rex are teaming up to access each other’s networks, a partnership coup for the diminutive Sydney-based carrier as it tries to establish itself as a rival to Qantas Airways Ltd. Rex’s passengers across Australia will be able to connect to Delta’s network in a single booking by joining the US ...

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Mumbai airport gets $750m in Apollo private placement

  Bloomberg Mumbai International Airport Ltd has raised $750 million from a private bond sale to Apollo Global Management Inc after delaying a planned note issue. The operator of India’s No. 2 airport, controlled by the country’s richest man, sold 7.25-year dollar notes to funds managed by Apollo in order to refinance existing debt and fund new capital expenditure, according ...

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Australia retail sales hit record: ABS

  Bloomberg Australian retail sales jumped for a third consecutive month to hit a record, driven by a spending revival on the nation’s flood-ravaged east coast and highlighting the economy’s strong underlying momentum. Sales surged 1.6% in March to A$33.6 billion ($23.9 billion), more than triple economists’ forecast for a 0.5% increase, Australian Bureau of Statistics (ABS) data showed. The ...

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