Bloomberg The euro area maintained its growth momentum at the start of 2017, strengthening the case of those pressuring the European Central Bank to sketch out an end to extraordinary stimulus measures. Gross domestic product rose 0.5 percent in the first three months of the year, according to an initial estimate published by the European Union’s statistics office on …

  Bloomberg Oman Air Transport plans to move ahead with a multi-billion dollar order for wide-body jets early next year even though it won’t now break even in 2017 as the low oil price curbs growth in the Gulf. The carrier is now aiming to end losses by the end of next year, contingent on demand not deteriorating further, Chief …

  Geneva / Emirates Business The International Air Transport Association (IATA) released demand growth results for global air freight markets showing a 14% expansion measured in freight tonne kilometers (FTKs) compared to the same period last year. This was the fastest pace of growth recorded since October 2010. Freight capacity, measured in available freight tonne kilometers (AFTKs), grew by 4.2% …