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American Air offers to add $1bn to pending pilot deal

BLOOMBERG American Airlines Group Inc said changes it offered in a pending contract agreement with pilots would increase the value to more than $9 billion over four years, matching terms of a competitor’s more-lucrative offer. The proposal adds more than $1 billion to the tentative agreement between the carrier and the Allied Pilots Association, including a “significant” increase in compensation, ...

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Onex shoots for $750mn with launch of transportation fund

BLOOMBERG Onex Corp is seeking $750 million for a new fund dedicated to transportation investments, people familiar with the matter said, a test of its ability to raise money in a tough climate for private equity. The Toronto-based firm has hired eight people for the fund, led by Wes Dick, a former senior executive at aircraft leasing firm BBAM LLC. ...

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Canadian retail sales starting to stall as higher rates bite

BLOOMBERG Canadian consumers may be ready to wind down their spending, with retail sales data showing waning momentum at the end of the second quarter. Receipts for retailers were flat in June, according to an advance estimate from Statistics Canada released. That followed a 0.2% increase a month earlier, missing the 0.5% gain expected by economists in a Bloomberg survey. ...

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