Bloomberg More than 25,000 Cathay Pacific Airways Ltd staff are taking unpaid leave, underscoring the depth of the airline’s troubles as it contends with the coronavirus. Chief Executive Officer Augustus Tang said in an internal memo that Cathay’s challenges “remain acute,” and he thanked employees for their support. The Hong Kong-based airline this month asked its 33,000 workers to take ...

Bloomberg The US Federal Aviation Administration (FAA) is recommending another safety fix for Boeing Co’s grounded 737 Max jet, adding a new hurdle as the US planemaker pushes to return the grounded plane to service. The proposed order would require inspection and possible replacement of a metallic lining that protects wiring from lightning strikes, the regulator said in the Federal ...

Bloomberg The new owners of Forever 21 Inc have hired an executive from another fast-fashion chain to steer the troubled retailer outside of bankruptcy. Daniel Kulle, who worked at Hennes & Mauritz AB for more than two decades, will take over as Forever 21’s chief executive officer, Authentic Brands Group Inc said in a statement. Authentic Brands is part of ...