Bloomberg While flight shaming and the coronavirus pandemic have spurred airlines to hasten the retirement of their oldest, fuel-guzzling aircraft, not all those planes end up in boneyards in the desert. Many find a second life in the fleets of Amazon.com Inc and other cargo carriers. Amazon has been among the biggest lessors of converted Boeing Co 767s in the …

Bloomberg A whistle-blower at Boeing Co is urging aviation regulators to add additional protections to the grounded 737 Max. Curtis Ewbank, who has previously raised concerns about the plane’s design with congressional investigators, said in comments filed with the Federal Aviation Administration (FAA) that a proposal to mandate fixes to the jet didn’t address multiple hazards identified in the two …

Bloomberg Singapore Airlines Ltd pilots have agreed to further pay cuts to remain in employment, the carrier said. The city-state’s flag carrier and the Air Line Pilots Association — Singapore reached the agreement and the company will implement the measures for all remaining pilots in Singapore Airlines and SilkAir with effect from October 1. The deal will help to mitigate …

Bloomberg Philippine Airlines Inc said it has received refund requests totaling 15.9 billion pesos ($329 million) amid the coronavirus pandemic, seeking customers’ understanding as it has only paid back 80% of that amount. The carrier owned by billionaire Lucio Tan has canceled more than 60,000 flights since March, affecting over 1.3 million passengers, it said in a statement. Asia’s oldest …

Bloomberg After seven months as Woolworths Holdings Ltd Chief Executive Officer, Roy Bagattini can finally make plans to visit the whole organisation. The former Levi Strauss & Co Americas boss returned to South Africa to take over the Cape Town-based retailer in mid-February and only had about a month in the office before the country entered a strict lockdown to …

Bloomberg Walmart Inc said it’s targeting zero emissions from its global operations by 2040, a small fraction of its total, in the latest climate-focussed step amid heightened calls from investors and activists to reduce carbon footprints. The world’s biggest retailer also plans to secure enough wind, solar and other renewable energy sources to power its facilities with 100% green power …

Bloomberg European stocks fall the most since July after a report on bank allegations and signs that London is heading for a second lockdown. US equity futures sank and Treasuries rise. Airlines and travel companies led losses in the Europe Stoxx 600 Index. With virus cases climbing across Europe, there’s growing speculation that officials will be forced to apply tougher …

Bloomberg HSBC Holdings Plc slumped below its financial crisis low set more than a decade ago as pressures mount on several fronts, including a potential threat to its China expansion plans and increased scrutiny of money laundering controls. The London-based bank’s Hong Kong shares on Monday slid below their closing low for March 2009, hitting as low as HK$29.60. They …

NEW YORK / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, will lead the UAE’s delegation to the 75th session of the UN General Assembly and will virtually address the body on September 29 during the General Debate. During the high-level week, the UAE delegation will be engaging with other member states, UN …

Bloomberg Saudi Industrial Investment Group and National Petrochemical Co. started talks to merge, potentially creating a firm with $11 billion in assets as Middle Eastern energy companies assess their options in a lower oil-price environment. The talks are at an initial stage, and no agreement has been reached, the companies said on Sunday. Saudi Industrial owns 50 percent of National …