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FAA says 737s in storage are corroding during pandemic

Bloomberg Boeing Co 737 planes in storage because of the coronavirus pandemic are at risk of losing power in both engines when they fly again and must be inspected, the US Federal Aviation Administration (FAA) said. The emergency order applies to about 2,000 older Next Generation and Classic versions of Boeing’s workhorse single-aisle jet in the US, not the grounded ...

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British Airways parent mulls $3.2b share sale

Bloomberg British Airways owner IAG SA is looking at raising as much as 2.75 billion euros ($3.2 billion) in a share sale to help strengthen its balance sheet and ride out the coronavirus crisis. The London-based group, which also owns Spain’s Iberia and Aer Lingus of Ireland, said that it may opt for a rights issue, though no final decision ...

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Mattel’s Barbie dolls prove to be lockdown favourite in US

Bloomberg First released in 1959, the iconic Barbie doll has seen Mattel Inc through the civil rights movement, the Cold War and the rise of the internet. And now it’s helping the company weather a global pandemic. While Mattel’s overall sales fell 15% in the second quarter from a year earlier — the result of closed retail stores, supply-chain troubles ...

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