Bloomberg London’s Heathrow airport may be allowed to raise airline fees on a limited basis after Britain’s aviation regulator dismissed the hub’s pitch for a more substantial hike during the coronavirus pandemic. The Civil Aviation Authority (CAA) said it plans to reject Heathrow’s proposal, which the airport reckons would lift fares by 1.20 pounds ($1.44) per passenger, as disproportionate and …

Bloomberg Rival bidders Blackstone Group Inc and Global Infrastructure Partners (GIP) joined together to buy Signature Aviation Plc for $4.7 billion, resolving their tussle over the world’s biggest operator of private-jet bases. The company agreed to a sweetened $5.62-per-share bid from the two major funds and billionaire Bill Gates, currently the largest investor in the company, according to a statement. …

Bloomberg Amazon.com Inc breached the $1 billion-a-day revenue mark in 2020, in another example of how the company’s massive growth and market dominance has made its stock a near-unanimous favorite on Wall Street. The e-commerce giant’s fourth-quarter results brought full-year revenue to $386 billion. According to an analysis of Bloomberg data, Walmart Inc is the only other US company with …