Bloomberg Grupo Aeromexico SAB, Mexico’s second-largest airline, filed for bankruptcy in the US, becoming the latest in a string of Latin American carriers to seek court protection after the Covid-19 pandemic caused a severe downturn in travel. The carrier will “continue operating and use Chapter 11 as a way to strengthen its financial position and liquidity,” according to a statement …

Bloomberg Testing of the 737 Max jetliner’s revised flight-control systems by US regulators and Boeing Co wrapped up, laying the foundation for the plane’s possible return to service later this year. The tests concluded an important milestone in assessing the grounded aircraft’s safety, the Federal Aviation Administration said in a statement. “During three days of testing this week, FAA pilots …

Bloomberg Airbus SE embarked on the most extensive restructuring in its history, setting out plans to cut 15,000 civil-aerospace jobs as it attempts to steer through the crisis brought on by the coronavirus pandemic. The European planemaker will eliminate more than 10,000 positions across its main bases in Germany and France, part of an 11% reduction in global headcount, according …

Bloomberg Wizz Air Holdings Plc, Europe’s third-biggest discount airline, is attracting more passengers than long-time market leader Ryanair Holdings Plc as it races to restart flights following the easing of coronavirus lockdowns. Chief Executive Officer Jozsef Varadi has been building up operations faster than rivals, helped by Wizz’s focus on Eastern Europe, where the pandemic has had less of an …

Bloomberg European stocks rose with US futures on Thursday as hopes for reassuring jobs data later in Washington added to momentum from positive vaccine developments. The dollar slipped. The Stoxx Europe 600 Index extended its initial gains on advances in banks and travel companies. Contracts on the S&P 500 Index also picked up, hours before the June employment report that’s …

Bloomberg SK Biopharmaceuticals Co., a biotechnology arm of SK Group in South Korea, surged to more than double the company’s initially offered price during its trading debut in the nation’s largest first share sale in three years. The stock soared 159% from the IPO price in Seoul, boosting its market cap to 9.9 trillion won ($8.2 billion). SK Biopharmaceuticals now …

Tokyo / WAM Japan’s imports of crude oil from the UAE amounted to almost a third of its oil imports at 32 percent, or 22.6 million barrels, data from Agency for Natural Resources and Energy in Tokyo showed. The agency, part of Japanese Ministry of Economy, Trade and Industry, reported that Japan imported 70.7 million barrels during May, of which …

Bloomberg Norwegian Air Shuttle notified Boeing that the carrier is terminating purchases for all 97 of its remaining jets on order, underscoring the financial strains caused by a 15-month grounding of the 737 Max after two fatal accidents. In more bad news for Boeing’s best-selling jet, Singapore-based BOC Aviation Ltd said in a filing it was cancelling orders for 30 …

Bloomberg Health insurer Humana Inc is expanding access to Covid-19 testing at hundreds of new drive-through sites at Walmart Inc stores, as well as offering at-home tests to members. The initiatives come amid reports of hours-long waits for tests in new hot spots like Houston as coronavirus cases surge in many southern and western states. While testing in the US …

Bloomberg Steinhoff International Holdings NV’s annual advisory fees climbed 35% last year, pushed by costs related to a deal the retailer reached with creditors to skip debt repayments. Steinhoff’s shares collapsed in late 2017 when the owner of Conforama in France and Pep stores in Europe and Africa became engulfed in an accounting scandal. Locked in a battle for survival, …