PostNL NV, the Dutch mail service, said it sold about half of its 29.8 percent stake in TNT Express NV to reduce debt, sending the shares of the package-delivery service to the lowest in more than four months.
European Aeronautic, Defence & Space Co.’s works council urged a collaborative approach on what may be thousands of job losses as it integrates defense and space units, with one of its biggest unions calling a day of protests.
Deutsche Lufthansa AG, Europe’s second-biggest airline, will boost cargo capacity as much as 5 percent next year as it operates four new Boeing Co. 777F freighter planes while retiring only two older MD-11 models.
ECB still has enough room to maneuver, beyond interest-rate moves, Peter Praet says in interview with Sueddeutsche Zeitung. * Should interest rates be lowered to zero, ECB could still deploy quantitative measures including buying government bonds, or injecting capital into banks, Praet tells Sueddeutsche, adding “we are not at this point.” * Germany should invest more, as investment spending declined sharply in past 5 years, as opposed to private consumption *NOTE: ECB President Mario Draghi pushed for an interest rate cut on Nov. 7 over opposition from Bundesbank President Jens Weidmann and at least two other Governing Council members, according to four euro-area central bank officials.
Etihad Airways PJSC, the third- biggest Gulf carrier, will follow regional No. 1 Emirates in adding more than 1,500 seats a week on services to Munich, intensifying competition at the Deutsche Lufthansa AG hub.
Deutsche Lufthansa AG said sales of first-class tickets have risen more than 10 percent following a revamp of its premium cabins and efforts to fill seats with paying customers rather than passengers burning air miles.