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Philippine Air mulls Chapter 11, in talks to reduce its fleet

Bloomberg Philippine Airlines Inc is in talks with plane lessors about reducing its fleet size and has told them it’s considering a Chapter 11 filing in the US to carry out a restructuring, according to people familiar with the plan. The airline could return at least two Airbus SE A350s to lessors and four of the 10 Boeing Co. 777s ...

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Go Air seeks approval for $490m India IPO

Bloomberg Go Airlines India Ltd, a no-frills carrier controlled by the Wadia Group, has sought approval from India’s markets regulator to raise as much as 36 billion rupees ($490 million) through an initial public offering. The company may consider a pre-IPO share issue of as much as 15 billion rupees, the airline said in its prospectus, adding the IPO size ...

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Delta to require ‘that new hires be vaccinated against Covid-19’

Bloomberg Delta Air Lines Inc will require that new hires be vaccinated against Covid-19, aiming to protect employees and customers as demand for domestic air travel continues to climb. The carrier has “made great progress to achieve herd immunity,” a trajectory it wants to maintain with the new standard, Delta said. Vaccination isn’t required for current workers, though more than ...

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Boeing jumps after FAA clears repair plan for return of 737 Max

Bloomberg Boeing Co jumped after regulators signed off on repairs that would end a temporary grounding of newer 737 Max models, clearing the way for the planemaker to resume deliveries of a jetliner crucial to its financial turnaround. The planemaker sent two service bulletins to 737 Max operators, providing instructions to repair a flight-deck electrical issue that sidelined 106 Max ...

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Vietnamese agency seeks airport in disputed island

Bloomberg Vietnam’s Civil Aviation Authority is proposing the construction of an airport in the disputed Spratly Islands, Thanh Nien newspaper reported. The aviation agency seeks to include a Spratlys airport in the transport ministry’s 2021-2030 master plan, Thanh Nien reported, citing the proposal sent to the ministry. The aviation agency’s May 10 proposal also includes airports on non-disputed islands of ...

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Canada Goose falls on spending plans

Bloomberg Parka maker Canada Goose Holdings Inc struck an upbeat tone for the coming year, with plans to add 10 stores, launch a footwear line and spend more on marketing, all while forecasting record revenue. With no tourism recovery in sight and spending plans putting pressure on margins, investors flinched. The Toronto-based company reported fourth-quarter earnings that beat analysts’ forecasts, ...

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New DUP leader calls for unity in fight for Brexit protocol

Bloomberg Edwin Poots, the newly elected leader of Northern Ireland’s Democratic Unionist Party (DUP), called on his supporters to fight against a Brexit deal that has angered unionists and given fresh impetus to calls for a united Ireland. Poots’s victory over rival Jeffrey Donaldson by 19 votes to 17 comes ahead of an expected summer of heightened tension in Northern ...

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Court sinks bid for biggest Kenyan politics overhaul in a decade

Bloomberg Kenyan President Uhuru Kenyatta’s ambitions of reshaping the nation’s political system as his final term draws to a close were dealt a body blow by a court ruling that he acted illegally in initiating the reforms. The High Court’s declaration may derail a planned referendum on sweeping proposals championed by Kenyatta and one-time foe and opposition leader Raila Odinga ...

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Trudeau government begins work on reopening US-Canada border

Bloomberg Prime Minister Justin Trudeau’s government has begun preliminary internal discussions about reopening the border with the US, even as Canada remains well behind its neighbor in vaccinations. Senior officials have begun to formally talk about options for how to proceed, three people familiar with the matter said, speaking on the condition they not be identified. One question under consideration ...

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