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UK’s Thomas Cook files for bankruptcy protection in US

Bloomberg Thomas Cook Group Plc has filed for Chapter 15 court protection in the US as part of a broader debt restructuring for the UK travel agent. The company’s Chapter 15 petition was filed in the Southern District of New York, court papers show. Law firm Latham & Watkins is representing the company, according to the documents. Chapter 15 of ...

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FAA chief to assess 737 Max status in trip to Seattle plant

Bloomberg Federal Aviation Administration (FAA) chief Steve Dickson plans to visit Boeing Co facilities in Seattle this week to personally assess the status of the 737 Max, which was grounded after two fatal crashes. Dickson, a former executive and pilot at Delta Air Lines Inc. who is qualified to fly the 737, said he intends to perform test runs on ...

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Airports Company SA profit falls on weak economy, costs

Bloomberg Airports Company South Africa’s full-year profit fell 59 percent to $15.4 million as a weak economy and cost pressures constrained revenue growth. The company, which manages South Africa’s major airports, reported a 4.6 percent decline in earnings before interest, tax, depreciation and amortisation to 2.8 billion rand, despite a 5.6 percent increase in revenue to 7.1 billion rand, Acting ...

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