Bloomberg Rapid and still-evolving border restrictions in response to the omicron variant have submerged air-travel demand yet again, throwing a long-awaited recovery into uncertainty. The emerging coronavirus wave has put airlines under even more pressure as they navigate rules that vary by country and are being revised daily as more information about the strain comes to light. Carriers slashed 151,000 ...

Bloomberg HNA Group Co has officially handed over control of its core airline operations to Liaoning Fangda Group Industrial Co, marking the end of an era for the Chinese conglomerate as it continues to restructure one of the country’s biggest piles of corporate debt. Gu Gang, head of a government taskforce in charge of HNA’s restructuring, will no longer serve ...

Bloomberg Tata Sons Pvt is considering hiring several key executives for Air India, according to people familiar with the matter, as the nation’s biggest conglomerate works to finalise a turnaround plan for the indebted carrier it’s in the process of taking over from the state. The group, which in October won a bid to regain control of the airline it ...