Bloomberg Long haul budget airline AirAsia X Bhd was officially categorised as a financially distressed company, giving the company a year to restructure its finances or risk losing its Malaysian listing. AirAsia X’s external auditor Ernst & Young issued a disclaimer of opinion on the airline’s audited financial statements for the 18-month period ended June 2021, the company said in …

Bloomberg German delivery firm DHL expects global supply-chain bottlenecks to ease next year as the return of air travel adds cargo capacity and higher vaccination rates keep a lid on Covid-19 infections. A loosening of US borders slated for November 8 will be key, as the added flights provide more space for freight in the holds of passenger jetliners, DHL …

Bloomberg Ryanair Holdings Plc will introduce electric ground-handling equipment at 11 European airports including Madrid, Amsterdam and Oslo as the Irish airline looks to reduce its emissions. Europe’s biggest discount carrier will introduce electric-powered baggage vehicles and plane push-back tractors with partners Azul Handling and Menzies Aviation, Ryanair said in a statement. Azul will allow it to offer zero emission …

Bloomberg Air Canada said employees working remotely must gradually return to the office starting from November 15 and be fully vaccinated, as Covid-19 cases ebb across Canada. The country’s biggest airline described its plan as “a balanced approach” that allows employees to keep working some “set days” remotely. In a statement, Chief Executive Officer Michael Rousseau cited Canada’s high vaccination …

Bloomberg Facebook Inc is re-christening itself Meta Platforms Inc., decoupling its corporate identity from the eponymous social network mired in toxic content, and highlighting a shift to an emerging computing platform focused on virtual reality. “The metaverse is the next frontier,” Chief Executive Officer Mark Zuckerberg said in a presentation at Facebook’s Connect conference, held virtually. “From now on, we’re …

Bloomberg Chinese electric vehicle startup Xpeng Inc unveiled details of new products and features including an assisted driving system, a faster charging infrastructure and a flying car as it signalled its intent to expand from its auto-manufacturing roots. The Guangzhou-based company also launched the prototype of a ridable robot horse at its so-called “Tech Day.” Xpeng said 60% of its …

Bloomberg Pixel 6 is the latest smartphone to be released under the Google brand and the closest thing to an iPhone running Google’s Android software. It advances mobile photography with creative new uses of artificial intelligence (AI), but it ultimately falls short of competing with the world’s most popular handset. Controlling the operating system, hardware design and now also its …

Bloomberg Toyota Motor Corp is kicking off its first series of electric vehicles bound for the global market with a battery-powered SUV that the Japanese automaker says embodies the reliability and efficiency underpinning the Toyota brand. The “bZ4X,” which resembles Toyota’s popular Rav-4, is set for release in North America, Japan, China and Europe in mid-2022, the company said. With …

Bloomberg Avianca Holdings SA asked a judge for permission to exit bankruptcy under a plan that the airline says will eliminate about $3 billion in debt and preserve over 10,000 jobs. Latin America’s second-largest airline before the pandemic presented its restructuring plan at a hearing in New York. If approved, the 102-year-old company is eyeing an exit from bankruptcy this …

Bloomberg London’s Heathrow airport said it saw its first full quarter of passenger growth since 2019 as restrictions eased and travellers returned to flying. Traffic reached 28% of pre-pandemic levels in the third quarter, the airport said as it reported financial results. However, 3.4 billion pounds ($4.7 billion) in losses since the start of the Covid outbreak “underscore the long …