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American and United ready no-frills fares

  Bloomberg Stung by competition from ultra-discount carriers, American Airlines Group Inc. and United Continental Holdings Inc. are striking back with cheap, no-frills tickets of their own. By year-end, the pair plans to lure budget travelers with basic-economy fares — inexpensive tickets that don’t include typical benefits like an assigned seat before you get to the airport. Taking a cue ...

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Asia’s biggest airplane Lessor seeks $1.1 billion from IPO

  Bloomberg Asia’s biggest aircraft lessor is seeking to raise $1.1 billion to fund an expansion as the region is poised to become the world’s top air travel market in about two decades. BOC Aviation Ltd., the Singapore-based company that has more than 100 planes leased out to airlines around the world, will sell new and existing shares at HK$42 ...

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Stronger US retail data boosts dollar

  New York / AFP The dollar jumped this week after a better-than-expected rebound in US retail sales last month erased some doubts about the strength of the US economy. But the yen also gained, shrugging off more efforts by Tokyo to talk it down from recent highs. The greenback was up 0.6 percent on the euro and the pound, and ...

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