Bloomberg Air Canada plans to ease its debt load and push back maturities to cut costs as the airline industry wrestles with overcapacity and weak fares. The airline intends to redeem $700 million of US dollar first- and second-lien bonds maturing in 2019 and 2020, as well as C$300 million ($233 million) of Canadian dollar bonds maturing in 2019, ...

  Bloomberg Saudi Oger Ltd., the construction company owned by Lebanon’s Hariri family, is in talks to sell half its stake in the company that operates Saudi Arabia’s Medina airport to Turkish partner TAV. The two companies have started talks on the transfer of a 16.7 percent stake in Tibah Airports Development, TAV said in an e-mailed statement. The deal ...

  AFP A Malaysia-bound AirAsia X plane which took off from Sydney ended up in Melbourne instead after the pilot entered the aircraft’s wrong longitudinal position, safety officials revealed on Wednesday. The Airbus A330-300 left Sydney en route to Kuala Lumpur on March 10 last year but air traffic controllers went on alert after it began flying in the wrong ...