Bloomberg China Eastern Airlines intends to establish a new airline in Hainan along with a group of other investors to take advantage of planned free-trade area and tourism growth, it says in a filing to the Hong Kong stock exchange. Shanghai-based carrier would be the majority shareholder in Sanya International Airlines. Other backers include the governments of Hainan province and ...

Bloomberg The Portuguese government wants more control over the stricken airline TAP SGPS SA in exchange for a rescue loan of as much as 1.2 billion euros ($1.4 billion), Expresso reported. The government, which already controls 50% of TAP, is in talks with private shareholders about the loan and should get a response early next week, the weekly newspaper said, ...

Bloomberg British PM Boris Johnson was expected to step back into the Brexit fray on Monday as he held talks with the European Union’s top officials, with both sides looking to reset negotiations that have drifted into stalemate. In Johnson’s first direct intervention in the discussions since the UK left the bloc at the end of January, each side is ...