Bloomberg Boeing Co’s biggest airline customer in China has removed more than 100 of the US manufacturer’s 737 Max jets from its fleet plans, citing uncertainty over deliveries. China Southern Airlines Co Chairman Ma Xu Lun said at an investor briefing that Boeing’s updated best-selling aircraft would be excluded from fleet deliveries through 2024. The carrier expects to take …

  Bloomberg The Weststar Group is considering an initial public offering of its helicopter services unit in Kuala Lumpur to raise at least $300 million, according to people with knowledge of the matter. The conglomerate, controlled by Malaysian businessman Syed Azman Syed Ibrahim, has held initial talks with advisers on the listing of Weststar Aviation Services Sdn, which could happen …

  Bloomberg Singapore has resumed work on Changi Airport’s Terminal 5 after the project was halted two years ago as the Covid-19 pandemic wiped out travel. The government will begin to re-mobilise design and engineering consultants to refine the construction of the terminal, Transport Minister S Iswaran said at the Changi Aviation Summit in the city-state. Actual building works are …

  Bloomberg JetBlue Airways Corp made a hostile $3.3 billion cash bid for Spirit Airlines Inc, appealing directly to shareholders in an effort to prevail over a rival offer for the discount carrier by Frontier Group Holdings Inc. The JetBlue proposal is worth $30 a share, $3 less than its initial approach, which was spurned by Spirit’s board two weeks …

  Bloomberg JD.com logged better-than-expected 18% revenue growth, after China’s second-largest e-commerce operator grew market share to cushion the blow from Covid lockdowns across the country’s biggest cities. Sales climbed to 239.7 billion yuan ($35.6 billion) in January-March, beating the 236.7 billion yuan average of analyst forecasts. It reported a net loss of 3 billion yuan. JD’s stock surged more …

  Bloomberg United Airlines Holdings sees even stronger travel demand this summer, with second-quarter passenger revenue increasing as much as 25% over the 2019 level, the airline said. United told investors last month it would return to profitability in the second quarter with the aid of record sales, spurred by strong recovery for summer travel. Chicago-based United also affirmed a …

  Bloomberg Stocks in Europe rise on Tuesday along with US equity futures as risk appetite returned to markets roiled by concerns about global economic growth, surging prices and policy tightening. Treasury yields rise and the dollar retreated. Industrial and basic-resources stocks led a broad-based advance of the Stoxx Europe 600, setting the gauge on course for a third day …

Bloomberg State-run insurer Life Insurance Corporation of India (LIC) dropped early in its Mumbai trading debut after a record initial public offering that priced at the top of the range and was oversubscribed nearly three times. The shares plunged as much as 9.4% to 860 rupees in Mumbai, versus their IPO price of 949, before paring about half of the …

Bloomberg Saudi Aramco’s downstream business, a key area of investment for the world’s largest oil exporter, saw its earnings more than double as it benefited from a global shortage of refining capacity. The unit, which produces transport fuels like gasoline and diesel, reported $10.2 billion in first-quarter earnings before interest and taxes, up from $4.4 billion a year earlier, it …

Bloomberg Oil rallied as a global squeeze on refined products continued to pull fuel prices higher. West Texas Intermediate rose 1.6% to trade near $112 on Monday as US gasoline futures topped $4 a gallon for the first time ever. Rising futures tend to trickle through to the pump quickly, signaling more pain for drivers when the summer driving season …