Bloomberg Discount carrier Wizz Air Holdings will increase its presence in the UK after agreeing to buy takeoff and landing slots from Norwegian Air Shuttle ASA at London’s Gatwick hub. Budapest-based Wizz will acquire 15 daily slot pairs at Gatwick, where operations are restricted by a single runway, allowing it to base four more jets there next summer for ...

  Bloomberg Embraer SA’s Eve Urban Air Mobility unit will merge with Zanite Acquisition Corp next year, the latest in a string of deals as flying-taxi startups seek capital from public markets. The transaction includes $237 million in cash from Zanite, a special purpose acquisition company, and a $305 million PIPE, or private investment in public equity. The PIPE has ...

  Bloomberg The European Commission approved $2.9 billion of restructuring aid for TAP SA intended to help the ailing Portuguese airline become viable. The EU Commission also approved 107.1 million euros to compensate the Lisbon-based carrier for damages suffered as a result of the coronavirus pandemic, it said. Faced with the prospect of TAP collapsing, Portugal’s government began providing aid ...