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Indian airlines cut flight fares by 30%

  New Delhi / TNS It can’t get any cheaper. Major Indian low-fare airlines have slashed fares by at least 30% to beat the lean season. From June to mid-October, it is lean season for airlines, while the summer quarter of April to June is peak travel season as schools close for holidays. “We have noticed that fares have come ...

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Finish Line rallies after Adidas sales fuel results

  Indianapolis / Bloomberg Finish Line Inc. surged the most in more than seven years after beating first-quarter expectations in a weak retail environment, helped by strong sales of Adidas brand shoes. Sales rose 2.3 percent to $453.5 million in the quarter ended May 28, the Indianapolis-based company said in a statement. Analysts estimated $567.9 million, on average. Profit was ...

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Veritas may acquire Airbus repair unit Vector

  New York / Bloomberg Veritas Capital, a New York based private-equity firm, is the leading bidder to acquire Airbus Group SE’s aircraft maintenance and repair unit Vector Aerospace Corp., according to people familiar with the matter. If successful, the buyout firm plans to combine the unit, which could fetch as much as $800 million, with its existing portfolio company ...

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