Porter Airlines Inc.’s bid to more than double its flight network by flying Bombardier Inc. jets from the Toronto island airport suffered a setback after the city said it needs more time to study the proposal.
Rallies in silver, gold and oil helped commodities snap a three-day retreat while the Standard & Poor’s 500 Index erased an early advance and trimmed its eighth straight weekly gain, the longest streak since 2004. The British pound touched a two-year high versus the dollar.
Emirates is setting up a contest between Rolls-Royce Holdings Plc and a partnership of General Electric Co. and Pratt & Whitney for the contract to power 50 Airbus SAS A380s to eke better performance out of the engines.
Emirates, the world’s largest buyer of Airbus A380 aircraft, is exploring engine options for a batch of 50 additional superjumbos, handing Rolls-Royce Holdings Plc an opportunity to unseat a General Electric Co. and Pratt & Whitney joint venture that powers the existing jets.
Airbus SAS may add winglets to the A380 to improve fuel efficiency and work with customers to pack more people onto the super-jumbo without sacrificing comfort in a bid to boost the profitability of flying the airliner.
Waypoint Leasing, a specialist in helicopter deals whose backers include Soros Fund Management LLC, reached an agreement for borrowing capacity of as much as $550 million to secure $1 billion in assets by the end of 2014.