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Bloomberg Airbus SE is preparing to ramp up output next year of its most important jet, the A320neo, in a sign of growing confidence on the part of the European planemaker that jetliner demand is poised to recover. While no decision has been made, suppliers have been told to be ready to support a monthly rate of 47 A320neo-family planes ...

Bloomberg At a time most airlines are shedding jobs, there is one that’s hiring — a new low-cost carrier called Zipair Tokyo Inc. The unit of Japan Airlines Co will take on around 100 employees from the broader JAL group as it launches passenger flights between Tokyo and cities including Bangkok and Seoul, a JAL spokesman said. The budget airline ...

Bloomberg To block or not to block. The middle seat has become a critical issue for airlines as coronavirus-wary leisure travelers straggle back onto planes. Southwest Airlines Co said that it would begin filling middle seats on December 1. The change leaves Delta Air Lines Inc and Alaska Air Group Inc as the only two major US carriers that will ...

Bloomberg A group of creditors to JC Penney is seeking to slow the sale of the bankrupt retailer’s real estate to another group of lenders, saying that it provides the buyers an undeserved windfall and reeks “of not only greed but abhorrent bad faith.” The objecting creditors, led by Aurelius Capital Management, say they submitted a $750 million competing bid ...

Bloomberg Walmart Inc’s Indian e-commerce operation Flipkart invested 15 billion rupees ($204 million) in Aditya Birla Fashion and Retail Ltd as it looks to bolster its presence in one of the world’s fastest-growing retail markets. Billionaire Kumar Mangalam Birla’s retail business will issue preference shares to Flipkart, giving it a 7.8% stake, Aditya Birla Fashion said in an exchange filing. ...

Bloomberg The recovery in Canadian retail sales is fizzling Sales eked out a gain of 0.4% in August, Statistics Canada said in Ottawa. That fell short of the 1.1% median forecast in a Bloomberg survey of economists. Excluding vehicles, receipts rose 0.5%, versus a forecast gain of 0.9%. After cratering in April on mandatory lockdowns, retail sales increased for four ...

Bloomberg A coalition of airline and travel industry groups is urging top US officials to develop standards for rapid testing and other measures to sidestep the growing quarantine restrictions imposed by states. Eighteen states have some type of quarantine for people arriving from Covid-19 hot spots, but “this patchwork of rules is confusing and discourages travel,” the group of 20 ...

Bloomberg The Swiss National Bank (SNB) could be forced to sell a chunk of its more than $100 billion US stock portfolio as part of a campaign to ban it from investing in defense companies. A poll by gfs.bern for public broadcaster SRG showed 54% of voters in favour of the proposal, which goes to a national vote on November ...

Bloomberg Wells Fargo & Co. is exploring the sale of its asset-management unit as the biggest banks choose paths of diving deeper into the business or getting out. The Wells Fargo unit could fetch more than $3 billion, according to a person briefed on the matter, who said the bank began discussing a possible deal with other asset managers and ...

Bloomberg Barclays Plc Chief Executive Officer (CEO) Jes Staley’s drive to make investment banking the centerpiece of his strategy paid off in the third quarter, with equities trading in a volatile market beating the bank’s Wall Street peers. The shares approached a two-month high. The London-based bank’s equity trading income jumped 40% and foreign-exchange, rates and credit trading rises 23%, ...