Bloomberg South African Airways (SAA) officials will be summoned to a meeting with regulators next month to disclose details about talks with potential equity partners and give assurances that any deal won’t violate foreign-ownership laws. Under the Air Services Licensing Act of 1990, airlines must be at least three-quarters owned by South Africans to operate a domestic service. That would ...

Bloomberg JC Penney Co shares surged after the company raised its profit forecast, even amid another quarterly sales decline, as the battered department-store chain’s turnaround plan gains more time to play out. Excluding some items, earnings before interest, taxes, depreciation and amortisation will exceed $475 million this year, up from a previous forecast of between $440 million and $475 million. ...

Bloomberg If you’ve got a flight from LaGuardia, Newark or JFK, there’s a chance you’ve paid more for the ride to the airport than you did on the plane ticket. That’s according to a new ranking by the website Points Guy, which used the cost of airfare, a cab, parking, baggage carts and a cup of coffee to declare all ...