Bloomberg United Airlines Holdings Inc must pay $1.9 million in fines for stranding passengers on the tarmac for extended periods of time, the government announced. United kept onboard more than 3,200 passengers on 20 domestic flights and five international flights from 2015 through last February for at least three hours, the Department of Transportation said in a release. The department ...

Bloomberg Creditors of Nordic Aviation Capital AS are one step closer to taking control of the company, one of the world’s largest aircraft lessors. Nordic Aviation and its biggest creditor groups have reached an agreement on the outline terms of the company’s restructuring framework, according to a statement. The deal, in principle, includes the conversion of “a substantial amount of ...

Bloomberg After spending a few minutes talking about triumphs at the Olympics, buzzy sneaker drops and a headquarters tour with LeBron James, Nike Inc executives spent much of the rest of their quarterly earnings call addressing something much less glamorous: logistics. “We are not immune to the global supply-chain headwinds that are challenging the manufacture and movement of products around ...