Iberia Lineas Aereas de Espana SA and British Airways Plc may conclude merger talks next month as discussions focus on the valuations of the two carriers and on corporate governance, the Spanish airline said.
Richard Branson was handed a lifeline that may keep him in U.K. rail after FirstGroup Plc was stripped of Britain’s West Coast inter-city route, which it won from his Virgin Group in August. FirstGroup fell almost 21 percent.
Volvo Cars wants to expand beyond consumers like Frances Wong, a would-be mom in China who is considering trading in a Golf from Volkswagen AG for a bigger, safer model from the Chinese-owned Swedish brand.
South African Airways, the region’s biggest carrier, will explore closer ties with local operators while reviewing the benefits of its Star Alliance membership, Chief Executive Officer Monwabisi Kalawe said.
Qatar Airways Ltd. Chief Executive Officer Akbar Al Baker said he’d have contemplated joining Deutsche Lufthansa AG’s Star Alliance had the German company not proved so hostile to the growth of Persian Gulf carriers.
British Airways parent IAG SA offered to buy outstanding shares of Spanish discount carrier Vueling Airlines SA for 113 million euros ($144 million) as Europe’s third-biggest carrier seeks to bolster its ailing Iberia unit.
China CNR Corp. and CSR Corp., the nation’s two largest trainmakers, surged by the daily limit in Shanghai trading after the South China Morning Post said the companies were close to winning their first U.K. orders.