Recent Posts

Billionaire Schwartz finally lands an airline with WestJet

Bloomberg Nearly 20 years after abandoning his hostile bid for Air Canada, Gerry Schwartz finally got his airline by agreeing to buy WestJet Airlines Ltd for C$3.5 billion ($2.6 billion). Schwartz’s private equity firm Onex Corp agreed to pay cash for Canada’s second-biggest carrier, and plans to take the company private in one of the buyout firm’s biggest deals. Onex ...

Read More »

Amazon launches click-and-collect counters in UK, Italy

Bloomberg Amazon.com Inc is launching a delivery option that will let customers retrieve parcels from staffed counters at UK and Italian retailers, aiming to take advantage of the popularity of click-and-collect services across Europe. The US online retailer has struck a partnership with Next Plc to operate the counters at the apparel chain’s more than 500 outlets across Britain, where ...

Read More »

Air France to cut hundreds of jobs as it slashes capacity

Bloomberg Air France plans to cut as many as 465 jobs as it slashes short-haul capacity in a bid to stem losses amid competition from low-cost airlines and high-speed trains. The biggest division of Air France-KLM Group will eliminate the positions on French domestic routes over the coming year, it said in a statement. Consultation with unions and other stakeholders ...

Read More »
Send this to a friend