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Bloomberg PT Garuda Indonesia needs to completely restructure its business, potentially reducing the number of planes it operates to less than half its main fleet as it seeks to survive the crisis wrought by the pandemic, its president told staff this week. “We have to go through a comprehensive restructuring, a total one,” President Director Irfan Setiaputra said in an ...

Bloomberg Italy is nearing a deal with the European Union to set up a new national carrier from failed airline Alitalia SpA and may get an informal go-ahead by next week, newspaper Il Messaggero reported. Talks with the European Commission to green-light Alitalia’s planned restart have been mired in a standstill after several rounds of meetings. EU officials are demanding ...

Bloomberg The biggest customer for Airbus SE’s top-selling A320 narrow-body has chosen General Electric Co engines for a massive order, after pitting the conglomerate against its dominant US supplier, Pratt & Whitney. IndiGo, India’s largest airline, has selected CFM International Inc, a venture between GE and France’s Safran SA, to supply LEAP-1A engines for its fleet of 310 new Airbus ...

Bloomberg Britons are ignoring government advice to avoid traveling to countries on the UK’s Covid-19 “amber” list, the Mail cited Michael O’Leary, the chief executive of Ryanair Holdings Plc, as saying. Families are booking flights to restricted destinations in anticipation of a relaxation of the guidance once they come to take their vacations, O’Leary said in an interview, according to ...

Bloomberg The franchise operator of Zara and two other popular apparel chains will close all of its stores in Venezuela in the next few weeks. Zara, along with Pull&Bear and Bershka, are owned by Spain’s Inditex SA and have been operating as franchises in Venezuela since 2007. The franchise is managed by Panamanian-based company Phoenix World Trade, run by Camilo ...

Bloomberg Instacart Inc is expanding its delivery partnership with 7-Eleven Inc in a bid to capture share of a fast-growing convenience store market dominated by DoorDash. The San Francisco-based company is adding 4,000 7-Eleven locations, bringing the total to 6,000 stores in 33 states and Washington, and pledges to get deliveries to customers in as little as 30 minutes. Instacart ...

Bloomberg Belarus scrambled a fighter jet to force a Ryanair flight from Greece to Lithuania to land in its territory, where authorities detained a journalist who covered the 2020 presidential election and protests against Alexander Lukashenko’s disputed claim of victory. The crew of the Boeing 737-800 carrying scores of passengers from Athens to Vilnius was notified by Belarusian authorities of ...

Bloomberg China’s top diplomat, Yang Jiechi, will visit Russia for the 16th strategic and security consultation between the two countries starting from Monday, the Chinese Ministry of Foreign Affairs said on Sunday. Yang, director of the Communist Party’s central committee for foreign affairs who sits on the 25-member Politburo, will also visit Slovenia and Croatia, ministry spokesperson Zhao Lijian said ...

Bloomberg Ireland’s government warned of a “real risk” that hackers will release sensitive medical information, as it vowed again not to pay a ransom. Hackers have threatened to release private health records on Monday after infiltrating the system, in the latest cyberattack by an international crime gang. Spending minister Michael McGrath on Sunday repeated the government’s pledge not to make ...

Bloomberg Annalena Baerbock, the co-leader of Germany’s Green party, is losing ground in the race to become the country’s next chancellor, a new poll shows. Baerbock would receive 20% of the vote if national elections were held on Sunday, a drop of 4 points compared with last week, according to the poll by Insa published in the Sunday edition of ...