Delta Air Lines: no intention of making a financial investment in ITA Airways at this time

Delta Air Lines Inc (DAL.N) on Wednesday said it currently has no intention of making a financial investment in ITA Airways. The comments from a spokesperson of the Atlanta-based carrier came after Italy’s government picked a bid by U.S. private equity fund Certares and backed by Air France-KLM (AIRF.PA) and Delta to start exclusive talks […]

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India’s SpiceJet CFO resigns as losses widen

India’s SpiceJet Ltd (SPJT.NS) said on Wednesday its Chief Financial Officer Sanjeev Taneja had resigned, as the low-cost carrier posted a wider quarterly loss and faces increased scrutiny over mid-air incidents. The cash-strapped airline has struggled to make timely payments to vendors and lessors, prompting some to deregister planes. Meanwhile, some banks have internally categorised […]

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