Bloomberg Norwegian Air Shuttle ASA replaced its chief executive officer after exiting insolvency proceedings, as the low-cost airline rebuilds its operations as a regional carrier. The board voted to end the contract of CEO Jacob Schram, according to a statement. He was replaced by Chief Financial Officer Geir Karlsen, who spent about six months as interim CEO in 2019. Karlsen ...

Bloomberg The CEO of Tag Heuer — the maker of luxury watches beloved by athletes — expects sales to recover to 2019 levels this year after last year’s pandemic shock. The forecast of the brand owned by luxury group LVMH comes as the industry became more polarised amid lockdowns last year. The largest privately-owned timepiece brands such as Rolex outperformed, ...

Bloomberg Thousands of federal engineers, inspectors and other aviation workers have a new channel through which to report safety concerns without fear of retaliation in an action spurred by the two fatal crashes on the Boeing Co 737 Max. The US Federal Aviation Administration (FAA) unveiled what it calls the Voluntary Safety Reporting Program. The 7,400 people working at FAA’s ...

Bloomberg The series of flight cancellations from American Airlines over the weekend will continue to plague travellers. Almost 100 flights from the airline have already been cancelled for June 21, according to a representative from American Airlines Group Inc. That’s following 123 flights cancelled on June 19 and at least 178. “The first few weeks of June have brought unprecedented ...

Bloomberg The recovery in Europe’s air traffic hit a new milestone as people take to the skies again for summer vacations. Aside from a brief pickup around Christmas, the continent’s air traffic is at its highest compared with pre-Covid levels since March last year, when continent’s lockdowns really began to affect demand. It rose just above 50% of 2019 levels ...

Bloomberg President Joe Biden’s point man for North Korea said the US was ready for talks “anywhere, anytime” with Pyongyang, providing a strong signal Washington is prepared to revive a stagnant disarmament dialogue. Sung Kim, the US special representative for North Korea, said after discussions on Monday in Seoul with South Korean counterpart Noh Kyu-duk and Japan’s Takehiro Funakoshi that ...

Bloomberg China will risk international isolation if it fails to allow a “real” investigation on its territory into the origins of the virus that caused the Covid-19 pandemic, US National Security Adviser Jake Sullivan said. Sullivan’s comments follow last week’s call by Group of Seven leaders including US President Joe Biden for another probe into how the virus originated. Biden ...

Bloomberg Sweden’s Prime Minister Stefan Lofven lost a confidence vote in parliament, toppling his minority coalition and plunging the largest Nordic economy into political chaos. Lofven says he’ll now talk to his allies in parliament to figure out whether he can still patch together a viable coalition. Failing that, he may call a snap election, he said after losing Monday’s ...

Bloomberg President Emmanuel Macron and far-right leader Marine Le Pen both fared worse than expected in the first round of the French regional election, in a disappointing twist for the two main contenders in the 2022 presidential race. Record-low turnout is a major talking point in France, with Frederic Dabi, deputy-head of Ifop, telling Le Figaro newspaper that abstention may ...

Bloomberg Spanish Prime Minister Pedro Sanchez said he plans pardons for nine Catalan separatists who were jailed for their role in the illegal independence referendum of 2017. Speaking to an audience of civic leaders in the Catalan capital, Barcelona, Sanchez, 49, said he’ll recommend that his cabinet approves pardons when it meets on Tuesday. Sanchez is currently governing in a ...