Bloomberg Singapore Airlines Ltd. raised its stake in Virgin Australia Holdings Ltd. a week after future ownership of the A$1.3 billion ($987 million) airline was put in doubt. The Singapore carrier increased the shareholding to 23.11 percent from 22.91 percent, it said in a statement. The airline said it paid A$3.18 million to settle a series of equity swaps, or ...

MONTREAL / Reuters Global airline passenger traffic grew 6.8 percent in 2015, with the Middle East region growing the fastest, preliminary data released on Wednesday by the United Nations’ civil aviation agency showed. US carriers were ranked the top three in the world by revenue passenger kilometer, American Airlines Group taking the top position, the International Civil Aviation Organisation said ...

Bloomberg Air France will invest 140 million euros ($159 million) extending a cabin refurbishment to its Airbus Group SE A330 fleet that will include lie-flat business-class seats from Zodiac Aerospace, the embattled supplier that has struggled to fulfill orders. The upgrade will begin late next year and finish in 2018, the airline said in a statement. Each of the twin-aisle ...