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United seeks to oust Avianca chairman after JV agreement

Bloomberg United Continental Holdings Inc is seeking to oust Avianca Holdings SA’s chairman and largest shareholder, just six months after the two airlines agreed to form a joint venture. The Colombian carrier’s stock jumped the most in nearly three years. The US airline took legal action in Bogota on a defaulted $456 million loan it made to Avianca Chairman German ...

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Bali flights cancelled after Mount Agung volcano eruption

Bloomberg Indonesia cancelled flights to and from the nation’s main resort island of Bali after the Mt Agung volcano erupted late on May 24. “Currently flights to and from I Gusti Ngurah Rai Airport have been cancelled.” Polana Pramesti, director general of civil aviation, said on the ministry’s Twitter page. “We will continue to update the latest condition on the ...

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Taco Bell plans big expansion in India

Bloomberg Taco Bell has set its sights on bringing more Mexican food to India, the third-largest consumer market in the world, as the fast food chain seeks new drivers of growth outside of the slowing US market. The Yum! Brands Inc unit is planning 600 restaurants in the Asian nation over the next decade with master franchisee Burman Hospitality. That’s ...

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