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Bloomberg Boeing Co’s biggest 737 Max model lifted off into brilliant blue skies for the first time, marking another milestone in the jet family’s comeback from tragedy and a lengthy grounding. The stretched narrowbody jet rumbled down a runway adjacent to the Renton, Washington, factory where it was built and took flight at 10:07 am local time. After performing aerial ...

Bloomberg Deutsche Lufthansa AG said it plans to repay billions of euros in aid from the German government before the country’s federal election on September 26. Europe’s biggest airline is working on measures to secure the refinancing “hopefully before the general election,” Chief Executive Officer Carsten Spohr said at Germany’s National Aviation Conference. The comments are a sign of increasing ...

Bloomberg Shares of Philippine Airlines’s parent company were suspended from trading after its auditor issued a disclaimer of opinion on its annual report. The Philippine stock exchange suspended trading of PAL Holdings Inc shares from 9:30 am, extending a halt imposed when the company submitted its annual report that showed it posting a record loss in 2020 due to the ...

Bloomberg The airport in Shenzhen, a Chinese city neighbouring Hong Kong, tightened controls on entry to its facilities after a restaurant employee was found to carry the delta coronavirus variant. All visitors to the terminals and ground traffic centre must provide a negative nucleic-acid test administered within the prior 48 hours, according to a statement posted on Shenzhen Airport Group’s ...

Bloomberg Ocado Group Plc lost the latest court clash with rival AutoStore Technology AG after a London judge refused to grant an injunction that would stop the use of certain information in a separate US patent infringement case. In an increasingly bitter dispute between the two companies that both provide automated grocery delivery systems, online grocer Ocado sought to restrain ...

Bloomberg Troubled flag carrier PT Garuda Indonesia put off the payment on its Islamic debt once again, highlighting its financing crunch as the firm tries to avoid bankruptcy. The Southeast Asian airline, struggling as the pandemic depresses air travel worldwide, said it “will continue to defer the periodic distribution amount due on June 3, 2023,” in a filing to the ...

Bloomberg Thai Airways International Pcl is seeking new loans to help fund operations after the court approved its plan to restructure at least $5.5 billion of debt. The carrier has been in talks with some banks for loans of as much as 25 billion baht as part of the debt-rehabilitation program, Chief Financial Officer Chai Eamsiri said. The Central Bankruptcy ...

Bloomberg President Vladimir Putin told business leaders at his flagship economic forum this month that Russia is coping better than many other countries with Covid-19. Events increasingly are contradicting him. Moscow reported a record-high 9,056 new Covid-19 cases, days after Mayor Sergei Sobyanin ordered mandatory vaccination for at least 2 million employees as surging infections threaten to overwhelm the capital’s ...

Bloomberg A group of centrist Democrats have asked House leaders to slow down consideration of a half-dozen antitrust proposals virulently opposed by the big tech companies the bills target. Eight members of the New Democrat Coalition wrote to House Speaker Nancy Pelosi and her top deputy, as well as House Judiciary Committee Chairman Jerry Nadler, asking the Judiciary Committee to ...

Bloomberg The editor and publisher of the Apple Daily newspaper were arraigned on charges under the city’s sweeping national security law. Editor-in-Chief Ryan Law, and Cheung Kim-hung, the newspaper’s publisher and chief executive officer of parent company Next Digital Ltd, were denied bail and their case was adjourned to August 13, according to a ruling by Chief Magistrate Victor So. ...