Dubai / WAM The first Emirates A380 to be completely refurbished under the airline’s $2 billion retrofit programme has been deployed on Friday on the Dubai-London Heathrow service, operating as EK003. The retrofit work was done on A6-EVM, the first of 120 Emirates aircraft to have completed its refurbishment. Sir Tim Clark, President Emirates Airline, said, “Customers will notice ...

Bloomberg Europe’s biggest airline is resurrecting a dinosaur of the skies to tackle a dearth of premium seats on lucrative intercontinental routes. Deutsche Lufthansa AG will return five aging Airbus SE A340 jets in order to boost the availability of first-class seats as travel demand continues to rebound from the coronavirus crisis. The widebodies will be brought out of storage ...

  Bloomberg Southwest Airlines Co will update its earnings guidance prior to reporting fourth-quarter results to reflect costs associated with an operations meltdown that forced it to cancel 15,700 flights over eight days. “We will be issuing some information before earnings,” Chief Executive Officer Bob Jordan said in an interview without providing specifics of the changes. “Obviously it’s a significant ...

Bloomberg British shoppers defied rampant inflation and economic gloom over the holiday season, driving up sales at clothing seller Next Plc and budget retailer B&M European Value Retail SA. Whether that spending will carry into the new year, however, remains in doubt. Next raised its annual profit forecast after Christmas sales gained, helped by a December cold snap that brought ...

Bloomberg Bed Bath & Beyond has begun preparations for a bankruptcy filing that would likely come during its first operating quarter of the year, according to people with knowledge of the moves who asked not to be named discussing confidential plans. The Union, New Jersey-based company called off a proposed debt exchange and said that it might not be able ...

  Bloomberg Philippine President Ferdinand Marcos Jr asked his Transport chief to fast track talks with suppliers of equipment needed in the upgrade of the nation’s main airport after a New Year’s Day power-supply problem disrupted flights. At a televised briefing, Marcos said he wants the Ninoy Aquino International Airport in Manila to have a reliable power backup system. The ...

  Bloomberg Oatly Group AB surged after announcing it will transfer leases and production capacity at two US facilities to Canadian manufacturer Ya YA Foods Corp — a bid to fix product shortages that have plagued the Swedish oat milk maker. The $98.1 million co-packing agreement, expected to close in the first quarter, will last 10 years and is part ...

  Bloomberg For the first time, more money was raised in the debt markets for climate-friendly projects than for fossil-fuel companies. Roughly $580 billion was arranged in 2022 for renewable energy and other environmentally responsible ventures, while the oil, gas and coal industries turned to lenders and underwriters for closer to $530 billion, according to data compiled by Bloomberg. But ...

  Bloomberg RWE AG and Equinor AS said they would build hydrogen power plants, as well as a pipeline to send the fuel to Germany from Norway. The two countries will “accelerate the creation of a functioning hydrogen market, a value chain,” Norwegian Prime Minister Jonas Gahr Støre said in Oslo, where he met German Vice Chancellor Robert Habeck. The ...

  Bloomberg The UK is failing to do enough to improve energy efficiency, which is needed to curb struggling households’ soaring bills, a parliamentary committee found. Government ministers must prioritise upgrading the country’s leaky housing, the Environmental Audit Committee’s report said. That includes setting a goal of at least 1 million energy-saving improvements like insulation, solar panels or heat pumps ...