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Boeing launches campaign to restore faith in 737 Max

Bloomberg After two deadly crashes in five months, Boeing Co is embarking on a campaign to restore confidence in the 737 Max so that its best-selling jet can return to the skies. In Renton, Washington, the company was expected to gather customers and news media to walk through the details of a software update designed to help pilots more easily ...

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Tata, GIC buy $1.2bn stake in New Delhi’s airport operator

Bloomberg A consortium of India’s Tata Group, a unit of Singapore’s sovereign wealth fund GIC and SSG Capital Management will invest 80 billion rupees ($1.2 billion) to buy a stake in GMR Airports Ltd, which runs India’s biggest airport. The deal will pump 10 billion rupees into GMR Airports, a unit of GMR Infrastructure Ltd and purchase 70 billion rupees ...

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Cathay enters no-frills market with Hong Kong Express deal

Bloomberg Cathay Pacific Airways Ltd agreed to pay $287 million in cash for Hong Kong’s only budget airline to enter the no-frills market, after more than a decade resisting such a move to focus on premium services. Cathay plans to operate Hong Kong Express Airways, part of HNA Group, as a standalone carrier after the transaction is completed by December ...

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