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Largest twin-engine jet takes to skies

Bloomberg Boeing Co’s newest plane, so big that its wings are hinged, finally rumbled into the skies over the Washington factory complex constructed a half century ago for the original jumbo jet. After a delay on January 24 because of high winds, the jet took off from Boeing Field on Saturday and landed successfully almost four hours later. It’s set ...

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Garuda wins analysts’ praise for its leadership overhaul

Bloomberg Indonesia’s scandal-ridden flag carrier won praise from analysts for its leadership overhaul, with its new CEO getting support from a lieutenant who was among those criticising the airline’s accounting practices. The appointment of Deputy Chief Executive Officer Dony Oskaria, who will help run PT Garuda Indonesia alongside CEO Irfan Setiaputra, raised the expectation the state-backed company will be able ...

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Fairway returns to bankruptcy, aims to sell its stores

Bloomberg Fairway Group Holdings Corp has gone bankrupt for the second time since 2016, overwhelmed by its lingering debt load and cutthroat price competition in the grocery business. The New York grocer filed for Chapter 11 bankruptcy with an agreement to sell five stores and a distribution facility to Village Super Market Inc, owner of 30 ShopRite supermarkets. The deal, ...

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