Tue, May 03, 2016 - Page 15 News List

World Business Quick Take

Agencies

AIRLINES

Air France-KLM picks CEO

Air France-KLM’s board of directors on Sunday appointed Jean-Marc Janaillac, the current head of French transport group Transdev, as the group’s new chief executive following the surprise resignation of Alexandre de Juniac. “The board has decided that Mr Janaillac will be co-opted as a group director when Mr de Juniac leaves office on July 31 at the latest. He will then be appointed chairman and chief executive officer of Air France-KLM,” the board said in a statement. The appointment of 63-year-old Janaillac was widely anticipated, but French media had expected the announcement to come today at the earliest.

BANKING

Qatar bank confirms leak

Qatar’s largest bank on Sunday confirmed that some personal customer data that was leaked online might be authentic, adding that it had hired an outside expert to review potential vulnerabilities to its computer systems. Files dumped online last week appeared to contain sensitive information involving thousands of Qatar National Bank customers, including bank logins, passwords, security questions and answers, credit card numbers, national identification numbers, telephone numbers and e-mail addresses. The bank previously said only that it was investigating an alleged breach.

AIRLINES

Virgin Australia cuts seats

Virgin Australia Holdings Ltd joined rival Qantas Airways Ltd in slashing seating capacity, warning firms like mining companies are delaying business travel during a 10-week election campaign that will fuel doubts on economic policy. As it focuses on a return to profit after years of losses in a damaging price war, Virgin Australia yesterday said it plans to cut seats on its April-June flights by 5.1 percent to ensure fuller flights. Last month, Qantas also trimmed capacity plans citing the run-up to a likely July 2 vote. “This environment has been impacted by weak consumer demand and sentiment, uncertainty around the federal election and the resources sector downturn,” Virgin Australia chief executive John Borghetti said in a statement.

INTERNET

Amazon adds Bronx service

Amazon.com Inc will bring free same-day delivery to the Bronx — the only New York City borough now excluded — following criticism from elected representatives that the company’s data-driven service boundaries unfairly left out minority communities. The Bronx is at least the second area the online retailer pledged to serve following an analysis of Amazon same-day delivery areas by Bloomberg Businessweek that highlighted racial disparities in where the service was available in Atlanta, Boston, Chicago, Dallas, New York and Washington. Amazon pledged to serve the predominantly black Boston neighborhood of Roxbury starting today following criticism of its exclusion.

BANKING

Intesa sells payment units

Intesa Sanpaolo SpA agreed to sell its Setefi and Intesa Sanpaolo Card payment units to a group that includes Bain Capital and Advent International in a deal valued at 1.04 billion euros (US$1.2 billion). The Italian lender is to record a gain of 895 million euros from the transaction, Turin-based Intesa Sanpaolo said in a statement yesterday. The transaction is expected to be completed by the end of this year. As part of the deal, the bank has agreed to continue using the card and payment processing services for 10 years.

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