Emirates Business Jet Airways Group announced its fifth successive profitable quarter for the period ending June 30 based on continuing improvement in aircraft utilization, increased efficiency and reduction in cost, including non-fuel expenses. Consistent financial performance has enabled Jet Airways to further reduce its debt by US$ 53m during Q1 of FY17. Cost per available seat kilometre (CASK) excluding …

  Bloomberg State Grid Corp. of China reached a deal to gain control of Brazil’s CPFL Energia SA, after two major shareholders agreed to sell the Chinese company their stakes in the $7.3 billion utility, people with knowledge of the matter said. Bonaire Participacoes and Banco do Brasil SA’s pension fund, known as Previ, have given informal approval to sell …

  Bloomberg Everbright Securities Co. raised $1.1 billion after pricing its Hong Kong first-time share sale above the midpoint of a marketed range. The Chinese brokerage sold 680 million shares at HK$12.68 each, after earlier offering them at HK$11.80 to HK$13.26 apiece, according to terms for the deal obtained by Bloomberg on Friday. The final price represents a 38 percent …