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FAA tightens oversight of Boeing design after crashes of 737 MAX

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  Bloomberg Employees at Boeing Co and other manufacturers will be given new protections against company interference as federal regulators continue to tighten oversight of aircraft development following a pair of crashes of 737 Max jets. The latest rules apply to engineers who are deputised by the US Federal Aviation Administration (FAA) to review the safety of aircraft designs. Any ...

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Primark drags down AB Foods outlook as energy costs rise

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  Bloomberg Associated British Foods Plc (AB Foods) warned profit will decline in the next fiscal year as rising energy costs and the strengthening of the dollar weigh on the Primark value fashion chain. The UK conglomerate said Primark, which generates most of the group’s profit, is experiencing unprecedented volatility and its operating margin will fall next year, despite recent ...

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Gangwal family eyes $250m from share sale in Indigo

  Bloomberg Rakesh Gangwal, the billionaire co-founder of India’s largest airline by market value, has offered to sell part of his family’s stake in IndiGo for around $250 million, possibly putting to rest a three-year old dispute between the owners. The Gangwal family is offering as many as 10.8 million shares in InterGlobe Aviation Ltd. at a floor price of ...

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