Bloomberg Airbus SE is preparing to ramp up output next year of its most important jet, the A320neo, in a sign of growing confidence on the part of the European planemaker that jetliner demand is poised to recover. While no decision has been made, suppliers have been told to be ready to support a monthly rate of 47 A320neo-family planes ...

Bloomberg At a time most airlines are shedding jobs, there is one that’s hiring — a new low-cost carrier called Zipair Tokyo Inc. The unit of Japan Airlines Co will take on around 100 employees from the broader JAL group as it launches passenger flights between Tokyo and cities including Bangkok and Seoul, a JAL spokesman said. The budget airline ...

Bloomberg To block or not to block. The middle seat has become a critical issue for airlines as coronavirus-wary leisure travelers straggle back onto planes. Southwest Airlines Co said that it would begin filling middle seats on December 1. The change leaves Delta Air Lines Inc and Alaska Air Group Inc as the only two major US carriers that will ...

Bloomberg A group of creditors to JC Penney is seeking to slow the sale of the bankrupt retailer’s real estate to another group of lenders, saying that it provides the buyers an undeserved windfall and reeks “of not only greed but abhorrent bad faith.” The objecting creditors, led by Aurelius Capital Management, say they submitted a $750 million competing bid ...

Bloomberg Walmart Inc’s Indian e-commerce operation Flipkart invested 15 billion rupees ($204 million) in Aditya Birla Fashion and Retail Ltd as it looks to bolster its presence in one of the world’s fastest-growing retail markets. Billionaire Kumar Mangalam Birla’s retail business will issue preference shares to Flipkart, giving it a 7.8% stake, Aditya Birla Fashion said in an exchange filing. ...

Bloomberg The recovery in Canadian retail sales is fizzling Sales eked out a gain of 0.4% in August, Statistics Canada said in Ottawa. That fell short of the 1.1% median forecast in a Bloomberg survey of economists. Excluding vehicles, receipts rose 0.5%, versus a forecast gain of 0.9%. After cratering in April on mandatory lockdowns, retail sales increased for four ...

Bloomberg A coalition of airline and travel industry groups is urging top US officials to develop standards for rapid testing and other measures to sidestep the growing quarantine restrictions imposed by states. Eighteen states have some type of quarantine for people arriving from Covid-19 hot spots, but “this patchwork of rules is confusing and discourages travel,” the group of 20 ...

Bloomberg Thailand is set for a fresh wave of street protests by pro-democracy activists with PM Prayuth Chan-Ocha ignoring their deadline to quit by Saturday. Free Youth and the United Front of Thammasat and Demonstration, two of the main protest groups, have vowed to stage mass gatherings until all of their demands, which include a rewriting of the constitution and ...

Bloomberg Warring parties in Libya signed a permanent ceasefire agreement ahead of a conference to appoint a unity government for the fractured North African country. Representatives of the internationally recognised government based in Tripoli and eastern military commander Khalifa Haftar agreed to the ceasefire after talks in Geneva, the United Nations said. The pact promises to end a war started ...

Bloomberg Malaysia’s king will meet with the country’s other royal leaders to discuss proposals by Prime Minister Muhyiddin Yassin, with media reports saying the government plans to declare a state of emergency to try to control the coronavirus pandemic. The king understands the need for continuity in the country’s administration to combat the threat of Covid-19, the palace said in ...