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Boeing risks losing a third of 777X orders on jet’s delay

Bloomberg Boeing Co signalled it’s at risk of losing more than a third of its 777X order haul because the latest delay to the behemoth jet’s debut — now slated for late 2023 — gives some customers the right to walk away from sales contracts. The US planemaker lowered the backlog for the 777X family to just 191 jets in ...

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Airline bailout begins in Canada with Sunwing loan

Bloomberg Canada granted an emergency loan to a company selling beach holidays, the first sign of a rescue package awaited by the industry after PM Justin Trudeau barred travel to Mexico and other sun destinations. Two related firms, Sunwing Airlines Inc and Sunwing Vacations Inc, will receive a combined C$375 million ($292 million) under a federal loan facility aimed at large ...

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Kroger plans to close two California supermarkets over pay-raise rules

Bloomberg Kroger Co plans to close two Southern California supermarkets following passage of a local ordinance that requires grocery stores to raise their frontline workers’ hourly pay by $4. A Ralphs store and a Food 4 Less store in Long Beach, California, will close on April 17, the company said in a statement. A spokesperson declined to provide additional information ...

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