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Airlines’ US holiday flight cuts near 1,900 on crew shortages

  Bloomberg Airlines’ US flight cancellations approached 1,900 for the Christmas weekend, disrupting travel on one of the busiest periods of the year as the Omicron-fueled wave of Covid cases triggered air-crew shortages. Saturday’s pullbacks erased at least 12% of the schedule at Delta Air Lines Inc, United Airlines Holdings Inc and JetBlue Airways Corp, according to data tracker FlightAware.com. ...

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CK Asset exits aircraft leasing business

  Bloomberg CK Asset Holdings Ltd said it’s exiting the aircraft-leasing sector due to a “paradigm shift” caused by the coronavirus pandemic, selling two indirect wholly-owned subsidiaries to Maverick Aviation Partnership LP for $4.28 billion. The company is selling Accipiter Finance for about $2.44 billion and Manchester Aviation Finance for $1.84 billion, according to a filing to the Hong Kong ...

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Po family buys iconic Philippine brands

  Bloomberg Century Pacific Food Inc and Shakey’s Pizza Asia Ventures Inc, owned by the Po family in the Philippines, are buying two household names in transactions that perked up the local deals scene a week before yearend. Century Pacific, a tuna canner that has been building its portfolio, will acquire assets and intellectual property related to the manufacturing of ...

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