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Air India close to record jet deal with Airbus, Boeing

  Bloomberg Air India has signed agreements with Airbus SE and Boeing Co for what could become the largest purchase of jetliners in commercial aviation history, as the carrier seeks to reinvent itself with a fuel-efficient fleet that can take on local low-cost rivals. The airline has agreed on the outlines of the accord with the two planemakers and may ...

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Korean grocery delivery app shelves Seoul IPO on valuation frustration

  Bloomberg Oasis Corp, a South Korean grocery delivery app that competes with US-listed Coupang Inc, decided to withdraw what was expected to be the nation’s largest initial public offering in five months amid difficulty in reaching expected valuation. After finishing the book building for an offering expected to be as large as 206.8 billion won ($162 million), the startup ...

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NTSB subpoenas American Air pilots in JFK runway incursion

Bloomberg An American Airlines Group Inc flight crew taxied across a John F Kennedy International Airport runway without clearance on January 13 as a Delta Air Lines Inc plane was accelerating for takeoff, prompting it to make a high-speed stop, investigators said. In an unusual step, the National Transportation Safety Board (NTSB) said it had issued a subpoena requiring the ...

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