Bloomberg AirAsia Group Bhd., hit by the coronavirus pandemic that’s decimated passenger demand, is selling its 32.7% stake in AirAsia India Ltd. to its partner Tata Sons Ltd. for about $38 million. The Malaysian low-cost carrier entered into an agreement with Tata Sons, which already owns 51% of the venture, according to an exchange filing. AirAsia Group last month said ...

Bloomberg Cathay Pacific Airways Ltd. carried just 37,815 passengers in November, down 98.6% from a year earlier, and warned that its second-half losses will be significantly worse than the $1.3 billion hemorrhage in the first six months. Average passenger capacity in the second half is only likely to be 8.4% of pre-pandemic levels, compared with 34.3% in the first half, ...

Bloomberg Boris Johnson urged members of Parliament to approve his Brexit trade agreement and complete Britain’s four-year divorce from the European Union. Parliament was recalled from its Christmas break for an emergency session on Wednesday to rush the deal into law in a single day, 24 hours before the UK leaves the EU single market and customs union. Failure to ...