Berlin / Bloomberg Avianca Holdings SA dropped the most in seven months, paring a rally that was sparked by speculation other airlines may seek to acquire a stake in the company, after Chairman German Efromovich said he’s currently seeking a partner rather than a buyer for the company. The stock dropped 7 percent to 2,475 pesos at 1:15 p.m. ...

  Kourou / AFP Europe’s Ariane 5 rocket launcher successfully sent two telecoms satellites, one for a US-based communications service provider and one for an Indonesian bank, into space. They were launched from Kourou, in French Guiana, at 6:38 pm (2138 GMT), according to launch company Arianespace. It was the third launch of the year, placing into orbit the Echo ...

  Los Angeles / Bloomberg The self-proclaimed godfather of the aircraft-leasing industry, Steven Udvar-Hazy, is stepping down as chief executive officer of Air Lease Corp. Udvar-Hazy, 70, will become executive chairman of the board on July 1, Air Lease said in a statement. John Plueger, 61, the chief operating officer of the commercial-aircraft leasing company, will take over as CEO. ...