Bloomberg Airlines follow a pretty simple formula for success — fill as many seats and fly as many hours as possible, and keep a young fleet. One Indian budget carrier is going another way to drum up income — not flying. SpiceJet Ltd hasn’t flown any of its Boeing Co 737 Max jets for more than 27 months, after two ...

Bloomberg A consortium led by Alibaba Group Holding Ltd and the Jiangsu provincial government are nearing a deal to buy a stake in the retail arm of Chinese billionaire Zhang Jindong’s Suning empire, according to people familiar with the matter, the latest domino to fall in Beijing’s effort to clean up its heavily indebted conglomerates. The unit, Suning.com Co, could ...

Bloomberg Devas Multimedia Pvt, a company seeking over $1.2 billion it won in international arbitration from India, has joined Cairn Energy Plc in seeking to seize Air India Ltd’s assets abroad. Calling the flagship airline an “alter ego” of the Indian state and therefore liable for the sovereign’s debts, Devas filed a petition in New York asking Air India to ...

Bloomberg United Airlines Holdings Inc is overhauling its fleet with the biggest jetliner order in company history and an ambitious upgrade for its aircraft cabins, bolstering a push to appeal to more travelers willing to pay for pampering. The airline agreed to buy 200 Boeing Co 737 Max jets and 70 Airbus SE A321neo planes, a deal valued at about ...

Bloomberg Apparel maker Hela Clothing plans an initial public offering on the Colombo Stock Exchange within 12 months to raise capital for entry into North Africa and the expansion of its East African operations. The Sri Lanka-based manufacturer for PVH Corp — the parent company of fashion brands Tommy Hilfiger and Calvin Klein — will offload a 20% stake for ...

Bloomberg President Vladimir Putin accused the US of involvement in what he termed a “provocation” by a British destroyer in the Black Sea last week, while saying the Russian navy could have sunk the vessel without igniting a new world war. Hours before the HMS Defender engaged in a stand-off with Russian ships and fighter jets off the coast of ...

Bloomberg Hong Kong ramped up security and warned activists against holding any demonstrations as the Asian financial centre prepares to mark a sensitive anniversary of the former British colony’s return to Chinese rule. The police urged the public in a statement on Wednesday not to participate in unauthorised assemblies after banning activists from holding a rally on July 1, traditionally ...

Bloomberg Central London could lose as many as 835,000 jobs in the aftermath of the Covid-19 pandemic, with employees in service industries increasingly able to work remotely and flexibly, according to research by a consulting firm. An analysis of London’s labour market data by Advanced Workplace Associates, a consultancy based in the UK capital, showed that about 41% of people ...

Bloomberg Confidence in the euro-area economy improved to the highest level in more than two decades in June as a reopening of shops, restaurants and other services propelled the region’s recovery from the pandemic crisis. A European Commission sentiment index increased to 117.9, exceeding almost all estimates in a Bloomberg survey. The gain was driven by surging optimism in services, ...

Bloomberg German joblessness slid for a second straight month in June, signaling a robust recovery as falling coronavirus infections allow shops, restaurants and cultural venues to reopen. The decline of 38,000 was almost twice as high as expectations, and put total number of unemployed at 2.69 million. The unemployment rate was 5.9%, matching previous month, which was revised lower. Germany ...