Bloomberg Sydney Airport relented to suitors after extracting a sweetened A$23.6 billion ($17.4 billion) takeover offer that underscores the battered travel industry’s appeal to long-term investors. The airport said on Monday it will to open its books to bidders led by IFM Investors after they increased their indicative offer 3.6% to A$8.75 a share. Sydney Airport said it plans to ...

Bloomberg Breeze Aviation Group Inc has ordered 20 additional Airbus SE A220-300 aircraft, bolstering the fleet of its startup airline and enabling longer domestic and short-haul international routes. The new planes, adding to a prior 60-jet order, mean the low-cost Breeze Airways will receive one A220 a month for the next six and a half years, the company said in ...

Bloomberg Airlines are piling on more debt as surging coronavirus cases force travellers to cancel plans and stay home. The industry’s outstanding debt has jumped 23% since 2020 to $340 billion, according to data compiled by Bloomberg. So far this year, global air carriers have sold $63 billion in bonds and loans. It’s more evidence that the industry faces a ...