September, 2022

• 16 September

  Passengers evacuated after Air India engine bursts into flames

    Bloomberg More than a hundred passengers were evacuated from a Boeing Co 737-800 operated by Air India Express Ltd after one of its engines caught fire while the aircraft was taxiing to take off from Muscat, the capital of Oman. Everyone got off the plane safely and the jet was left parked on the airport runway, according to Arun …

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• 16 September

  Wizz to order 75 more jets in expansion spree

    Bloomberg Wizz Air Holdings Plc plans to order 75 Airbus SE narrow-body jets as the discount carrier doubles down on its rapid expansion in a challenge to sector leader Ryanair Holdings Plc. Wizz will exercise purchase rights for the A321neo jets granted by the manufacturer last year, it said in a statement. Delivery dates are subject to agreement. Eastern …

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• 16 September

  Futures decline, yields climb as traders await policy data

  

  Bloomberg US futures declined as investor sentiment swung between hopes that inflation has peaked and concern that large interest-rate hikes by the Federal Reserve will hamper economic growth. Treasury yields rose and the dollar gained. Contracts on the S&P 500 and Nasdaq 100 fluctuated before turning lower, with the latter underperforming after the underlying gauges posted modest rallies. European stocks …

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• 16 September

  Bitcoin lingers near $20,000; Ether extends slide before ‘Merge’

  

    Bloomberg Cryptocurrencies were mixed a day after posting sharp losses triggered by hardening expectations of restrictive US monetary policy. Bitcoin fell about 1.5%to $19,937 in New York after a near-10% plunge this week. Ether, the native token of Ethereum, decline for a third day, dropping about 1% to $1,597. Stocks, bonds and digital tokens plunged after rising US inflation …

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• 15 September

  Swiss shoe brand launches resale site in its green push

  

    Bloomberg The Swiss athletic brand On is launching a resale site, making it the latest company to enter the fast-growing apparel resale market. On Holding AG, which is backed by tennis star Roger Federer, went public last year and expects to see net sales of 1.1 billion Swiss francs ($1.1 billion) in 2022. The company has made sustainability a …

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• 15 September

  Germany sells full stake in Lufthansa at $760m profit

  

  Bloomberg Germany raised 760 million euros ($760 million) from the sale of the state’s full stake in Deutsche Lufthansa AG, unwinding all of the holding it took to keep the flagship carrier afloat during Covid-19 lockdowns. The country’s Economic Stabilization Fund, or WSF, disposed of its remaining 9.92% of Europe’s largest airline via a placement with international investors, according to …

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• 15 September

  Investors left empty-handed in IndiGo block trade over rules

  

    Bloomberg Investors who attempted to participate in the 20.5 billion-rupee ($258 million) share sale in India’s largest airline IndiGo were left empty-handed due to a feature of the country’s trading rules that has long been a source of frustration for institutional fund managers. None of the investors lined up by the banks working on billionaire Rakesh Gangwal’s sale of …

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• 15 September

  Rex eyes nationwide air network as Qantas struggles

  

    Bloomberg Australian airline Rex plans to add more Boeing Co 737s within months, giving it enough jets for a nationwide network of intercity routes as it seeks to steal business away from troubled Qantas Airways Ltd. Rex, best known for flying small propeller-driven aircraft between regional towns, is fast building out a new jet division plying busy domestic routes …

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• 15 September

  Zara’s US clothing sales help swell top line as dollar surges

    Bloomberg The dollar’s long rally against the euro this year has proved a godsend for the owner of the Zara brand by swelling the value of revenue from its US garment sales when converted into euros. While it’s lost some ground over the past week, the greenback has gained more than 13% against the euro this year, boosting European …

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• 15 September

  France to cancel half of flights on staff strike

    Bloomberg France’s civil aviation authority told airlines to cut half of their flights due to a planned strike by air-traffic controllers, bringing disruption back to the country’s airports after a difficult summer. The DGAC’s guidance came in response to a walkout called for September 16 by the SNCTA union, the authority said in an emailed statement. Minimum service rules …

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