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Gol advices its bondholders as airlines struggles

  Bloomberg Gol Linhas Aereas SA is offering to exchange $780 million of dollar-denominated notes for new securities maturing over a decade, as the Brazilian airline struggles to reshape its finances amid a deepening recession in the domestic market. Bondholders of five different tranches of debt, one of them maturing as early as next year, are being asked to accept ...

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No fees on excess bags last great flight deal

  Bloomberg A low-cost, low-fare carrier such as Spirit Airlines Inc. makes its living on passenger fees. That those fees, known as non-ticket revenue, dropped by more than $2 per passenger in the first quarter, compared to a year ago, might suggest a shift in travellers’ tolerance for additional charges. Spirit blames its sagging fee tally on low fares; travellers ...

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Bangkok’s ‘chaotic charm’ under threat

  Bangkok / AFP For nearly a century, Thanuan has watched history sweep through the bustling maze of alleyways that make up Bangkok’s Chinatown, one of the city’s few districts yet to be devoured by malls and high-rise condos. But change is coming — and fast. A new metro service will soon plough straight into the heart of the historic quarter, ...

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