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Bloomberg Malaysian budget airline AirAsia Group Bhd. said it is seeking to launch a flying-taxi business as soon as next year. “We are working on that right now,” Tony Fernandes, the company’s chief executive officer and co-founder, said. “I think we are about a year and a half away from launching.” Fernandes was speaking in an online discussion as part ...

Bloomberg Airline executives and directors sold $49.9 million of stock in February, the most in three years, as industry shares posted a record rally fuelled by a widening vaccination effort. The top individual sellers were at Allegiant Travel Co. and Southwest Airlines Co., two leisure-focused carriers that are among analyst picks to benefit from a rebound in vacation travel as ...

Bloomberg British Airways, United Airlines Holdings Inc. and Singapore Airlines Ltd. were among carriers affected by a cyberattack that hit the Star and Oneworld alliances, exposing some loyalty-program member information. Sita Passenger Service System Inc.’s processing services were hit by a “highly sophisticated but limited” breach that targeted personal data stored on servers at its data center in Atlanta, the ...

Bloomberg Boeing Co. Chief Executive Officer Dave Calhoun got total compensation of $21 million last year, but his take-home pay was a small fraction of that as the planemaker slogged through a deep crisis caused by the coronavirus pandemic. When Covid-19 sent the aviation industry into the sharpest decline on record last March, Calhoun waived his salary for the rest ...

Bloomberg Fix Price’s initial public offering in London and Moscow raised $1.7 billion, on track to be the biggest listing from a Russian company in more than a decade, possibly prompting more share sales from local issuers. Russia’s largest dollar-store chain priced 178 million global depositary receipts, representing one ordinary share each, at the top end of an initial $8.75 ...

Bloomberg Pakistan Prime Minister Imran Khan won a confidence vote in Parliament, ending a week of political turmoil and giving a boost to his fragile government. Khan got 178 votes from members of his Tehreek-e-Insaf party and allies in the 342-seat lower house National Assembly, proving the majority, Speaker Asad Qaiser said in televised meeting in Islamabad. The army-backed former ...

Bloomberg Four people died in clashes between Senegalese police and protesters during what the interior minister described as an “organised insurrection” following the arrest of the country’s main opposition leader. “We regret and condemn these terrorist acts, looting, pillaging and damage to public buildings,” Interior Minister Antoine Felix Diome said in a televised address. Diome confirmed that four people had ...

Bloomberg For almost a quarter of a century, Hong Kong stood as the one place under Beijing’s rule with open elections. A landslide loss just over a year ago may have finally convinced China to end the experiment in democracy. In late 2019, Hong Kong’s democratic opposition rode the momentum of historic protests to win an unprecedented 85% of the ...

Bloomberg Senator Ted Cruz is delaying William Burns’s confirmation as CIA director to demand that the Biden administration do more to halt the Nord Stream 2 gas pipeline, as Republicans seek to ramp up pressure now that construction has resumed. The move by the Texas Republican will delay, but not stop, Burns’s path to lead the Central Intelligence Agency (CIA). ...

Bloomberg A Congressman who helped lead the second impeachment of Donald Trump filed a lawsuit alleging the former president incited a mob that took over the US Capitol and disrupted the certification of the 2020 election. Representative Eric Swalwell, a California Democrat, filed the suit in federal court. It’s the latest sign of legal peril for Trump over his role ...