Bloomberg China successfully completed the first test flight of its home-built modern passenger jet, bolstering President Xi Jinping’s ambition of turning China into an advanced economy. Amid cheers from onlookers, the C919 airliner took off from Pudong International Airport in Shanghai, the home base of its builder Commercial Aircraft Corp. of China Ltd., or Comac. The jet landed back …

  Bloomberg Canada is considering the sale of at least a minority stake in Toronto Pearson International Airport that values the country’s busiest airport at about C$5 billion ($3.7 billion), according to people familiar with the matter. The stake sale, just one of many options laid out in a report to government prepared by Credit Suisse Group AG, would free …

  Bloomberg British Airways (BA)-owner IAG SA posted record first-quarter earnings as expenses fell and joined Air France-KLM Group in signaling that increased demand from business travelers is poised to boost prices. Operating profit before one-time items rose 9.7 percent to 170 million euros ($187 million), aided by lower labor and fuel costs, IAG said. A slide in fares slowed, …