AFP Air Berlin Plc announced the most sweeping job cuts in almost 40 years of flying in a bid to rescue its ailing business, slashing its fleet by half as 40 jets are leased to arch-rival Deutsche Lufthansa AG and 35 others are deposited in a new tourism arm with an uncertain future. About 1,200 of 8,650 staff may …

  Bloomberg Bombardier Inc. Chief Executive Officer Alain Bellemare said the marketing of the company’s marquee aircraft has been hurt by delays caused by engine supplier Pratt & Whitney. The planemaker reduced its forecast for deliveries of the C Series jetliner on Sept. 6, citing the issues at Pratt. Seven of the new aircraft are now slated to be handed …

  Bloomberg Deutsche Bank AG plans to double the product development team at its “Digital Factory” fintech center in Frankfurt to 800 workers by 2018 and struck a partnership with the Massachusetts Institute of Technology to foster new ideas. The lender is introducing smartphone and web-banking facilities this year and early next year including mobile payments, a financial planner and …