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Cathay asks staff to take unpaid leave as virus adds to woes

Bloomberg Cathay Pacific Airways Ltd asked employees to take three weeks of unpaid leave as the Hong Kong airline is cutting capacity because of the coronavirus outbreak. The airline requested all employees to participate in a leave programme taking place from March 1 to June 30, it said in a statement. Cathay had about 26,700 workers in Hong Kong as ...

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Airbus, Boeing shutter China plants amid virus

Bloomberg The aerospace industry is joining carmakers in shuttering Chinese plants in response to the coronavirus outbreak, with Airbus SE halting an assembly line and Boeing Co and Safran SA also closing facilities. Airbus’s plant in Tianjin, east of Beijing, has remained idle beyond the Lunar New Year holiday as travel restrictions present logistical challenges and the government advises people ...

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Bombardier, Textron soar on report of private-jet deal talks

Bloomberg Bombardier Inc jumped on a Wall Street Journal report that the Canadian maker of planes and trains is in talks to sell its private-jet unit to Textron Inc, which makes Cessna planes. Textron also surged on speculation that a deal would bolster its luxury-aircraft business. The negotiations have been going on for several weeks, and the terms of the ...

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