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PM Modi to exclude $4.7bn debt before Air India sale

Indian prime minister visit to inaugurate un wesak day

Bloomberg India plans to exclude more than half of the $7.6 billion debt owed by the struggling national airline to help burnish its appeal as PM Narendra Modi presses ahead with a sale, people with knowledge of the matter said. The government proposes to transfer all of Air India Ltd.’s non-aviation assets and short-term loans of as much as $4.7 ...

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American, pilots agree to staff Dec flights

Bloomberg American Airlines Group Inc. and its pilots union reached an agreement that will allow the carrier to avoid cancelling flights during the holiday travel season after it allowed too many aviators to take vacation by mistake. The carrier and the Allied Pilots Association didn’t immediately disclose details of their pact but said it should ensure that American, the world’s ...

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Amazon’s arrival leaves Mexican e-commerce pioneer in dust

Dhl shipping center in rheinberg

Bloomberg One of the first Mexican retailers to sell online is quickly falling behind newer arrivals, and it may be too late to catch up, according to Credit Suisse. El Puerto de Liverpool, which conducted its first e-commerce transaction in 1997, is spending just a fraction of the amount as Amazon.com Inc., MercadoLibre Inc. and Wal-Mart de Mexico SAB on ...

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