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India’s Tata vets Jet Airways books for potential purchase

Bloomberg Tata Group is conducting due diligence on Jet Airways India Ltd., as the conglomerate looks to expand its footprint in the country’s growing air travel sector by potentially buying a stake in the cash-strapped carrier, according to people familiar with the matter. The talks are still in their early stages and there’s no certainty they would result in a ...

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Cathay says sophisticated data hack lasted months

Bloomberg Cathay Pacific Airways Ltd., which is under fire for the world’s biggest airline data breach, said the sophisticated attacks lasted months as it took steps to shield its exposed computer network. The attacks were most intense March through May and continued, Asia’s biggest airline said in a written submission to Hong Kong’s legislature before a panel hearing this week. ...

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Singapore Airlines’ Q2 profit tumbles 81% as fuel costs sting

Bloomberg Singapore Airlines Ltd. reported an 81 percent plunge in second-quarter profit as higher fuel costs weighed on earnings. Net income for the three months through September fell to S$56.4 million ($41 million) from S$293.3 million a year earlier. Sales rose 5.6 percent to S$4.06 billion. The premium Asian carrier joins others such as Deutsche Lufthansa AG and Air China ...

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