Shares of India’s largest airline IndiGo surged over 8% on Wednesday as smaller rival Go First’s bankruptcy filing raised hopes of market share gains and improved yields. Cash-strapped airline Go First filed for bankruptcy on Tuesday, blaming “faulty” Pratt & Whitney engines for the grounding of about half its fleet and taking lenders by surprise. […]
Asian share markets fell along with oil prices on Thursday as soaring COVID cases in China unsettled investors who have been expecting the world’s second biggest economy to regather momentum after the relaxation of stringent COVID curbs. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 1.06%, and was set for a third straight […]
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